Buyer: Business Minded (6)
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3 Items Required To Land A Franchise Business Loan
Posted by Franchise Grade Team October 22, 2014
Financing a franchise is really no different then financing any other business – at least in the eyes of the lender.
Read moreWhat's Your Flavor Of Entrepreneurial Uniqueness?
Posted by Franchise Grade Team October 10, 2014
The recent tragic loss of Robin Williams reminds us all of the fragility of life. Here today, gone tomorrow. But his loss also reminds us of a life well lived. Williams lived a life that only he could live. He relished in his unique talents and gifts, and released them to the world. He was his own flavor to the world. He was who he was, and that just happened to be one of the funniest people ever. Imagine for a minute if he had deprived all of us from his humor. Imagine if he had settled for a life of “ordinary” rather than shooting for the “extraordinary”. His life would not have been as full, and he would not have filled us all up with the joy and laughter that was his unique genius.
Read moreCulture Trumps Strategy Each and Every Time
Posted by Franchise Grade Team August 21, 2014
While much has been written on the ways culture trumps strategy, I have never seen this philosophy in effect until I was able to spend some time with the Ben & Jerry's family. And let me just say that what I learned from this experience is that culture trumps strategy every single time.
Read moreItem 20 in the FDD Deserves Your Full Attention.
Posted by Franchise Grade Team July 7, 2014
Individuals considering a franchise opportunity need to review and analyze the Franchise Disclosure Document, commonly referred to as the FDD. Every franchisor is required to have an FDD and provide a copy to qualified franchise candidates. The FDD consists of 23 items or questions and although the responses to each item may differ, the 23 items are the same whether it’s McDonald’s or a new franchisor.
Read moreShould You Buy A Master Franchise?
Posted by Franchise Grade Team June 19, 2014
Consider this scenario: You have been investigating the purchase of an outlet in a new franchise system. After some discussion, the franchisor asks you if you are interested in buying a master franchise for your state. Should you consider the offer?
Read moreHow To Manage Your Financial Business Goals
Posted by Franchise Grade Team June 2, 2014
Most franchise owners and managers get a monthly profit and loss and balance sheet statements from their accountant. These are important statements to have and understand. They indicate what happened, but do not indicate why the results were what they were. In other words, most business owners simply don’t know what caused the results. Not fully understanding what caused the results severely limits an owner’s ability to manage effectively.
Read moreUnderstanding the ROI of Social Media Marketing
Posted by Franchise Grade Team May 24, 2014
Before assuming you know that social media is where every franchise needs to be, let’s take a look at some numbers:
Read moreWhy Every Small Business Should Follow The Franchise Model
Posted by Franchise Grade Team May 14, 2014
Ok, I get it. You have no interest in franchising your business or in buying a franchise. You want to grow your business organically, with a local grassroots effort. You don’t want to pay royalties or a large up front fee. And you certainly don’t want to incur the cost of transforming your business into a franchise. It’s just not you.
Read moreHow To Measure Business Metrics For Owners And Managers
Posted by Franchise Grade Team April 25, 2014
In order to achieve the profit potential of any business, an owner or manager must utilize key business measurements of performance. Almost all small businesses only utilize the profit and loss and balance sheet financial statements their accountant issues. The message is that while these two reports are important, they will not, by themselves, enable an owner to be able to manage effectively.
Read more#1 Way To Succeed With Your Franchise
Posted by Franchise Grade Team April 11, 2014
Just prior to boarding a flight that was the last leg of a long day of traveling, a well-known author and consultant tweeted: “Hey, @Mortons – can you meet me at newark airport with a porterhouse when I land in two hours? K, thanks. :)” Imagine his surprise when he got off the plane to find a tuxedoed gentleman holding a bag with a 24 oz. Morton’s porterhouse, shrimp, potatoes, bread, napkins and silverware.
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