Wondering How Much Money You Can Earn in Your Own Business? Learn the Art of the Franchise Intereview

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Wondering how much money you can earn in your own business? Learn the art of the franchisee interview  On the verge of jumping ship, saying sayonara to your status as employee to forge ahead as an entrepreneur? Or just ready to stretch your creative muscles for a change and reap all the fruits of your labor? All great reasons to start your own business. The real question: Can you increase your earnings by going out on your own? One way to get a handle on your potential earnings is to choose a franchise since you can get realistic data from the financial disclosure document, a veritable roadmap to a franchisor's business, as well as from franchisees currently in business or out of business. Conducting research is critical, but knowing how…
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Looking for a Second Act? Start a Business!

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Looking for a Second Act? Start a Business!               Laid off or downsized or just looking for a change in our troubled economy -entrepreneurship may be just what you need to craft your dream job. And whether due to the midlife doldrums or a career that let you down, lots of folks see an opportunity to find new meaning in their work.             About 35 percent of all new businesses in 2013 were started by people over the age of 50, according to a recent study by the Kauffman Foundation and LegalZoom. The subject of the midlife entrepreneur was even the subject of a recent U.S. Senate hearing titled, "In Search of a Second Act: The Challenges and Advantages of Senior Entrepreneurship."             According to testimony before the committee,…
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Starting a Business? Control Your Risk With a Franchise!!

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Starting a Business? Control Your Risk with a Franchise!! So you want to start your own business but don't know where to start? Maybe you're concerned about risk, lack of experience in the specific business that caught your fancy or are nervous about blazing an entirely new trail. For the thousands of folks looking to gain control over their working lives each year, a franchise offers some compelling advantages. For one thing, instead of beginning your research by talking to people operating a similar business, you can learn the ins and outs from people in the very same business. A franchise operation offers a veritable network of support, plus a treasure trove of statistics and operating history is available to give you a leg up in the marketplace. By contrast,…
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Shopping for a Franchise? Stay Away from the Next New Craze!

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Shopping for a Franchise? - Stay Away from the Next New Craze! Cupcakes are all the rage these days in franchising, and while they make a pretty window, their long-term appeal may be fleeting. Frozen yogurt is also making a strong comeback after almost disappearing some years ago. But it doesn't take much to saturate the market, and you know it's a fad when it fizzles out fast. What's hot and what's not may be a typical headline on a fashion spread, but you probably want to stay away from fads when it comes to franchises. Sort of like the flavor of the month, when folks get tired of it, they stop buying. A better focus is to pinpoint what people need. After all, people are not likely to buy…
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Get the Edge and Consult a Franchise Coach!

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Get the Edge and Consult a Franchise Coach! When shopping for a franchise, knowing how to separate the wheat from the chaff takes expertise. Consulting a franchise coach can help you ask the right questions and zero in on key issues that can mean the difference between success and failure. While you will find a seemingly endless supply of information about franchises in any internet search, you can save yourself a lot of time and aggravation by consulting an expert who has made his or her career studying the ins and outs of what makes a great franchise. And since one of the attributes of successful business ownership is having the wisdom to know when you should rely on the expertise of others, your first test comes during your research…
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A Formula for Success? Find a Franchise to Fit Your Life

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A formula for success? Find a franchise to fit your life. Everyone wants it, admires it, strives for it, but what exactly defines success depends on who you ask. So when you want to start your own business, first you have to decide what you mean by success. Not only are there different kinds of success — think Wall Street Banker with a seven-figure income or principal of a highly regarded high school — there are also different levels of success, such as entry into the college of your choice, achieving a happy marriage while having work you enjoy or completing a marathon. Each can be as satisfying and validating as the next. The definition of success, like beauty, really is in the eye of the beholder. When it comes…
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Shorten the Learning Curve: Start Your Own Business with a Franchise Tips from a Top Franchisee

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Shorten the Learning Curve: Start Your Own Business with a Franchise Tips from a Top Franchisee Bob Riesenbach happily left behind corporate America to forge his own path building a business of his own, even if that has meant working as many hours as he did in corporate America. Is there a catch? Not when you love what you do and know it’s all for you! Mirroring the desires of many MBA-ers of his generation, Riesenbach always dreamed of starting his own business, and so, after 23 years of working for big corporations, he left his marketing position at a large retail chain of convenience stores and ventured out on his own without a safety net. “I was tired of bureaucracy and politics,” he said, so he started researching his…
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Franchisors Offer Incentives to Help Veterans Start Their Own Franchises

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Franchisors offer incentives to help veterans start their own franchises. Don’t know anything about starting a business but are determined to take control of your employment destiny? If you’re a military veteran, the International Franchise Association (IFA) thinks you’re particularly well-equipped for a franchise. And they’ve got a program to help you take a leap into entrepreneurship and a career in which you can use the skills you’ve acquired in the military. VetFran was founded as a special program within the IFA in 1991 to help veterans returning from the first Gulf War as a way to thank veterans for their service, according to the IFA. Then in 2011, the IFA launched Operation Enduring Opportunity, a partnership with several organizations, including the U.S. Chamber of Commerce and the U.S. Department…
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