Entrepreneurs OpportunityFranchise Ownership
Entrepreneurs OpportunityFranchise Ownership
Obviously, this enterprise could be a start-up, existing business or a franchise. Start-ups are of interest because you can do it “your way” and have that control we all desire. However, the Entrepreneur typically doesn’t have the patience to put all the applications of the idea into action. As the idea materializes, the details and application steps sometimes get lost in the grandiose plan and future pacing of the Entrepreneur.
Existing business acquisitions can often provide the Entrepreneur with a platform upon which to build his/her empire. Purchasing a “stream of income” can jumpstart the process and sometimes accelerate the growth curve. Finding the right one can be tedious, time consuming and difficult to negotiate. The occasional “oh, by the way” surprises can be jolting and cause severe headaches!
Entrepreneurs wish to control their own destiny...captain their own ship. Is this Utopia?
Perhaps, but more accurately the drive to create something that is useful and/or desired by the consumer. To produce a reasonable and expected ROI and to exceed predicted growth (multiple locations, linear growth, new market channels, diversification of product or service)
The Franchise Model…
Some Entrepreneurs prefer to form their own business model. Others gravitate to a proven concept like the business format franchise model. Particularly for the entrepreneur who has never owned a business before…..the franchise model provides a stepping stone to achieving the “golden ring”. Master Franchises are a good example.
Now here’s a REAL entrepreneur’s dream. Master Franchises have been touted as the “Best Kept Secret in Franchising Today”.
The Master franchise concept allows the Entrepreneur to:
· Have the largest territory offered by franchisors
· Create expanded income generation
· Build equity in the business at a faster pace
· Act as a consultant to the franchisees in your territory, helping them to succeed
So, why aren’t more franchisors using this concept as a way to expand more expediently?
· Because the concept is relatively new
· Because some franchise attorneys do not favor this model
· Franchisor is not willing to share the fees and royalties
The Business Format Franchise model is more popular than ever. Considering there are 5,000 franchises spanning approximately 80 industries, it is safe to say the franchise industry is exploding with growth. Franchise “fever” is definitely prevalent and “catching”.
Many of my clients are casualties of corporate mergers. Some find they are overqualified or too old for re-hire, especially when corporate America prefers the recent college grad. Forget about experience and knowledge gained from years of product knowledge, management and leadership……it’s all about money $.
Yes, there are many Entrepreneurs lurking in the carnage of today’s Mergers and Acquisitions battlefields. So what are these guys and gals doing in their next career path?
You’d be surprised how many are considering business ownership. It beats the rejection and demoralization of the job hunt for those 45 and older.
Perhaps your next career path is a business format franchise. Area Development or Master Franchise anyone?
Entrepreneurs OpportunityFranchise Ownership - To learn more about this author, visit Anne Barr's Website.
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Naturally, most Entrepreneurs seek an opportunity that allows them to build a wonderful enterprise appealing to the masses with the most fabulous “can’t live without it” product or service.
Obviously, this enterprise could be a start-up, existing business or a franchise. Start-ups are of interest because you can do it “your way” and have that control we all desire. However, the Entrepreneur typically doesn’t have the patience to put all the applications of the idea into action. As the idea materializes, the details and application steps sometimes get lost in the grandiose plan and future pacing of the Entrepreneur.
Existing business acquisitions can often provide the Entrepreneur with a platform upon which to build his/her empire. Purchasing a “stream of income” can jumpstart the process and sometimes accelerate the growth curve. Finding the right one can be tedious, time consuming and difficult to negotiate. The occasional “oh, by the way” surprises can be jolting and cause severe headaches!
Entrepreneurs wish to control their own destiny...captain their own ship. Is this Utopia?
Perhaps, but more accurately the drive to create something that is useful and/or desired by the consumer. To produce a reasonable and expected ROI and to exceed predicted growth (multiple locations, linear growth, new market channels, diversification of product or service)
The Franchise Model…
Some Entrepreneurs prefer to form their own business model. Others gravitate to a proven concept like the business format franchise model. Particularly for the entrepreneur who has never owned a business before…..the franchise model provides a stepping stone to achieving the “golden ring”. Master Franchises are a good example.
Now here’s a REAL entrepreneur’s dream. Master Franchises have been touted as the “Best Kept Secret in Franchising Today”.
The Master franchise concept allows the Entrepreneur to:
· Have the largest territory offered by franchisors
· Create expanded income generation
· Build equity in the business at a faster pace
· Act as a consultant to the franchisees in your territory, helping them to succeed
So, why aren’t more franchisors using this concept as a way to expand more expediently?
· Because the concept is relatively new
· Because some franchise attorneys do not favor this model
· Franchisor is not willing to share the fees and royalties
The Business Format Franchise model is more popular than ever. Considering there are 5,000 franchises spanning approximately 80 industries, it is safe to say the franchise industry is exploding with growth. Franchise “fever” is definitely prevalent and “catching”.
Many of my clients are casualties of corporate mergers. Some find they are overqualified or too old for re-hire, especially when corporate America prefers the recent college grad. Forget about experience and knowledge gained from years of product knowledge, management and leadership……it’s all about money $.
Yes, there are many Entrepreneurs lurking in the carnage of today’s Mergers and Acquisitions battlefields. So what are these guys and gals doing in their next career path?
You’d be surprised how many are considering business ownership. It beats the rejection and demoralization of the job hunt for those 45 and older.
Perhaps your next career path is a business format franchise. Area Development or Master Franchise anyone?
Entrepreneurs OpportunityFranchise Ownership - To learn more about this author, visit Anne Barr's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Michel NerayMichel Neray has over 25 years of experience as an award-winning copywriter, an Internet pioneer, a tradeshow pitchman and a senior sales and marketing executive. An online pioneer, he was one of the first marketing professionals to embrace the Internet by building websites as early as 1993. In 1994, Michel co-authored a book entitled "The Great Crossover: Personal Confidence in the Age of the Microchip", which made it to Jack Canfield's Achiever's Recommended Reading List. Michel founded Portfolios.com in 1995, the world's first online source directory for creative professionals and one of the first websites based on community generated content. Since creating The Essential Message in 2003, Michel has helped thousands of independent professionals and entrepreneurs as well as growing corporations find a better way to differentiate, position and brand themselves. In 2005, his chapter "Everything Starts With A Conversation" was selected as the lead for the book, "Sales Gurus Speak Out" and re-published in 2008 for 'Awakening The Workplace Volume 3'. He is also a co-author of "In the Company of Leaders" (2008) with 40 top North American leadership experts. - Visit Michel Neray's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) Jay Kubassek is a Canadian born entrepreneur, internet marketing genius, professional speaker, international real estate developer/investor, executive film producer, extreme sport enthusiast and a passionate supporter of several charities worldwide. In 2007, Jay's vision and dedication to help other entrepreneurs and business owners duplicate his marketing success led to the creation of his fourth company CarbonCopyPRO, an internet marketing firm already worth over 15 million dollars that has over 20 employees and contract workers with clients is 12 different countries. Jay resides in NYC with his girlfriend Jamie, three year old son Milo and dog Cooper. As executive producer he recently premiered his first film in the 2008 Cannes Film Festival. As an adventurist he is racing the 2008 Baja 1000 off-road race and is a member of the 2008 U.S. National Elephant Polo Team, The New York Blue who will be representing the US in the 2008 World Championships in Nepal. Visit Jay's Blog: www.JayKubassek.com - Visit Jay Kubassek's Website |
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 Anne Barr (Visit Anne's Website) Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.co m for more information about me and my company.
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