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Business ownership Tagged Articles



Thinking of buying or selling your business in the New Year, then start with your life plan
This article is the second in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Financial Plan?
This article is the third in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Business Plan?
This article is the fourth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Sales and Marketing plan?
This article is the fifth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Communication Plan?
This article is the sixth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Management Plan?
This article is the seventh in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Productivity Plan?
This article is the eighth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Technology Plan?
This article is the ninth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Performance Plan?
This article is the tenth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Disaster Recovery Plan
This article is the eleventh in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Exit Plan?
This article is the twelfth in a set of 13 articles that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

Thinking of buying or selling your business in the New Year, how is your Transition Plan?
This article is the thirteenth and final article that collectively talks about 12 different plans to manage and operate a business. Why so much planning? Many business owners operate their business with the idea to earn as much as they can and pay as little tax as possible. This means selling the business is only considered when the owner is worn out and no longer has the motivation to maximize the performance and therefore purchase price they will receive. However, if this series of plans were recognized and executed on a consistent basis, not only would the business be available to sell as it’s in its best condition, but also allow the business owner an easier and more positive environment in which to own and operate the business; to be benefit to employees, suppliers, lenders and of course, the owner.

10 things to expect from your business intermediary
Buying or selling a business comes with personal emotional and financial risk as well as the complexities of finance, accounting, tax, negotiation and legal items. Having a professional agent or intermediary to help “quarterback” and manage the variables is good business. Here are some attributes to look in the intermediary that you choose.

11 reasons to reject the recession and grow your business
Watching CNN, CNBC, MSNBC and the other media you keep hearing about the “green shoots” in the economy. This can be seen with things like the Federal Stimulus program beginning to gain momentum, clear direction with the resolution to the bankruptcies of GM and Chrysler, the level of fear about the economy subsiding, housing sales starting to stabilize and unemployment stabilizing. So it’s time to put the recession behind us and get on with it.

5 tips to use when selling your business
Selling a business is rarely a simple and straight forward process. One of the biggest mistakes I’ve found is that the seller doesn’t put themselves in the shoes of the other parties be it the buyer, lender, landlord, employees, franchisor or whoever. This article outlines 5 suggestions for a seller to use when approaching the way to sell their business.

5 traits of a successful entrepreneur
Entrepreneurs come in all shapes and sizes including diverse social, economic and education backgrounds. There is no “guaranteed” path to being a successful entrepreneur but this article suggests there are five traits they generally have in common.

6 questions to answer bluntly to find out if your business is in a crisis
Is owning and operating your business in this current economic climate getting you down? Not sure what your next steps should be? Not sure if you have options? The first thing is to know where you and your business currently stand; which is the purpose of this article. Once you know that answer, dust off your business plan, refresh it and review your next steps from an informed position.

Is business ownership right for you?
Business ownership is an option many refugees from Corporate America are considering. Unemployment is high and growing so owning your own business to control your future is a great option. But where do you start? This article covers some suggestions to get you started.

Seven growth industries to consider if you are starting a business
If you are planning on starting or buying a business, it makes sense to consider a business in a growth industry. This article outlines seven industries that are doing well, despite the recession.

Starting a business...let's start with you
If you're buying a franchise, starting a new business or buying an existing business it's difficult to know where to start. This article suggests you start with yourself. Read on to find out more.

Starting a business…Look before you leap...no really!
Are you a "forced entrepreneur?" Just in case you were wondering, a "forced entrepreneur" is someone that's been happily working in Corporate America until that pink slip arrived. So you're highly skilled, highly motivated and thought you would easily get a job somewhere else...but you're not sure that's what you want to do? Perhaps becoming an entrepreneur is where you would really like to go but are not sure where to start. This article helps address that dilemma for you.

Starting a business…what are my options?
This article discusses the options available to a new entrepreneur planning on entering business ownership. It explains a new entrepreneur has three options and how to consider which option is best for their situation.

Starting a business...what options are available?
Over the last 2 years, Corporate America has not been kind to it's employees. Perhaps that's the wrong way to look at it. Maybe a better approach is that we only let things happen to us if we don't take action. Perhaps moving into business ownership is an action you need to take but are not sure where to start? This article suggests some options. The rest is up to you.

Why entrepreneurs adjust their thinking when business failure is not an option
A true entrepreneur only sees opportunities and the chance to make a lot of money. In a down economy they see it as the time to build greater knowledge, strength and resources to be ready for the inevitable upturn in the economy. However, we if we are not wired like the true entrepreneur we need to remind ourselves of what it takes to keep going and get to the next level.

What's the Secret of Effective Time Management? It's Not What You Think!
Time management is the process of trying to cram into a day more things that will fit. Think abut it. If you sat down and thought about all of what you need to do and made a big list of things you need to do in any day or week I'll bet you have a big list of things that are impossible to fit into one day. How can you squeeze 12 hours worth of work into 8 hours? You can't its impossible. But there is a solution...

Be Present- Whether Marketing, Business Ownership or Even Socially
Being present is especially important to those who are in business for themselves. Businesses need your attention to stay productive. Learn how to Market your business is crucial. Paying attention to current trends, really listening and focusing on what is working now. If this is an area that is weak for you, you can get training. There are many places out there to get such education.

Starting a Business with Bad Personal Credit
Bad personal credit is a common stumbling block for entrepreneurs. Working for your self is the best opportunity for building wealth. While bad personal credit can make the startup process slightly more challenging, it is not a total barrier to business ownership and business success.

Make a Fresh Start this Fall- Become Your Own Boss
January may be the official start of the New Year, but for many people the September, back-to-school season still signifies a time for new beginnings and making a fresh start. With summer drawing to a close and children heading back to school, many people are reexamining their career choices and resuming their job searches. If you’re ready to make a change in your career and your life, now is an ideal time to explore your business ownership options. Regardless of whether you’d like to have more flexibility and control over your schedule, or you’re ready to change industries, becoming your own boss can be a rewarding new beginning and a fruitful fresh start.

Persistence, Purpose and Passion
Think about the business owners you admire or the mentors you listen to. They’ve told you story after story of what they did to be successful. Those stories were a great way to make a point so that you would remember it. Think about all those stories for a minute. There are some common threads you’ll find among all those admirable leaders. Those common threads are key lessons you must apply to your solo business to assure your success and prosperity too.

Advantages of Owning a Franchise
Today, many more people are considering business ownership than ever before - it's a sign of the times. As we experience great changes in our workplaces and work forces, as the general economy erodes, more and more people are exploring business ownership - to be their own boss and work for themselves rather than someone else. As those individuals begin to investigate business ownership, franchise ownership is the first choice for many. For one who has not experienced business ownership previously, franchises offer many advantages.

Business Ownership The American Dream
What is it that attracts more and more people to become business owners? What happens to bring that Entrepreneurial spirit to the forefront? Not only do Entrepreneurs embody the American Dream, they drive our economy and our future.

Meger Mania
Are you caught up in the aftermath of merger mania? The fallout of corporate mergers can be disastrous for the executive talent pool. Maybe exploring business ownership should be an option as you are considering a new career path!

Researching Franchises Via Expos
There are several sources of researching franchise opportunities. An increasingly popular choice is the Franchise Expo. This article describes what to expect at a Franchise Expo.

Is PASSION Important To Success In Business?
Observe the most successful business people you know.....a common characteristic you will find is that successful people are passionate about what they do. Without passion for what you are doing, you might as well......

Make Business Ownership a Reality through Franchising
If you’re like many people you’ve probably fantasized about how different your life would be if you were your own boss. Whether it’s the ability to be in control of your own success, schedule or future that leads you to daydreaming about being your own boss, you’re not alone.

Business Ownership vs. Employment
When researching business opportunities and franchises some people struggle with whether they are better off working for someone else until retirement or going into business for themselves. This article outlines things you should think about when deciding whether business ownership is the right option.

Why Develop An Exit Plan?
This article discusses the importance of a well thought out exit plan and how its important to have an exit strategy when you start or purchase a business. It will save you time, stress and money down the road!

Franchise Development Pro's Let's Use the Same Dictionary!
A very well meaning Director of Franchise Sales and a counterpart on the Internet attempting to draw advertising and leads for them just wrote about their "risk resistant" business. Rubbish (And, if you want a great recession resistant company get back to me...it has something to do with Rubbish!) I think we are all using the same vocabulary (we all use the word "risk") but different dictionaries. (I love the concept talked about, Spring Green, for the right market and the right candidate...but not just any candidate with the hope of "risk-resistance".)

The Stuff That Creates Growth In Your Franchise Biz
I recently read that there are approximately 13.7 million people unemployed as of April 2009. 3.7 million of those have been jobless for half a year or better (27 weeks or more). It is no wonder why so many have begun to turn to franchising or small business ownership as an alternative. We all have grown weary in the workplace of the lack of security and even-handedness in the career market.

New Year, New Career- Make 2011 the Year You Become Your Own Boss
As a new calendar year approaches, it's natural to reflect on the past and ponder the future. However, rather than wondering what 2011 will bring- what your triumphs will be, what highlights and lowlights will become etched in your mind- take charge of your future by making business ownership your goal for 2011.

Profitable Online Business Ideas and the Recession; My Story
We have written several articles with clues and ideas on building a successful and profitable online home based business. My wife and I were thinking that many of you are probably asking the question why did we build this business and who are Wendell and Charmayne Vannatter. I’m sure the biggest question you have is, was it easy, and does it really work? And can I do this, will it work for me? I think the proper place to start is at the beginning.

Starting Your Home Based Business on a Shoestring Budget
Whether seeking a supplemental income or a full-time income, many folks have undertaken the task to discover a viable home based business solution to meet their personal needs.

Franchising 101 - Finding Great Information
This article will provide the reader with a large number of resource alternatives to help in the better understanding of franchising.

Pros and Cons of Buyig a Franchise
This article is designed to give you a deeper understanding of the relative gives and takes of buying a franchise and will help you look at franchising within a balanced framework.

Ethical Expectation You Should Expect From Your Business Broker
Some business brokers belong to certain associations that have a code of ethics for brokers to follow. These, along with their own code of ethics, help ensure business brokers are of value to a business seller and buyer. A code of ethics ensures that a business broker puts the needs of the client before their own when making a business transaction.

How to Finance a Franchise and Secure a Business Loan
Contrary to popular belief, you don’t have to be flush with funds to achieve your business ownership goals. With a wide-range of traditional financing programs and non-traditional financing options available, going from an aspiring entrepreneur to becoming your own boss, is a realistic and attainable pursuit. Choosing to invest in an established franchise or business concept makes it easier to secure financing because franchises feature established business systems and a proven track record- key elements that traditional and non-traditional lenders consider when evaluating a loan applicant.

The Secrets to being wealthy
The most effective pathway to achieving wealth is by owning your own business. In the book "The Next Great Bubble Boom" by Harry S. Dent he tells us that, “The best single way to build wealth is to own your own business, especially one that can be systematically expanded or sold.” So what does it mean to own your own business?

How to overcome the fear of owning a business?
It’s a mixed feeling - both scary and exciting to own a business, especially when you are a first time business owner. The fear of failing can be overwhelming and in most cases prevents an individual from buying a business. However two things can help you overcome the fear and they are knowledge and self confidence. Sounds simple? It is simple. By the time you finish reading this article, you will know how to obtain the right information, ask the right questions, and how to think like an entrepreneur. All these actions will give you the self confidence you need to become a business owner.

Make a fortune buying under performing businesses.
The fundamental principle of investing is to buy low and sell high. Every investor seeks to achieve this principle, regardless of what they invest in. Whether you trade stocks, bonds, gold or real estate, everyone seeks to find the diamond in the ruff or “The Bargain”. If you’ve ever read my blogs, or spoken to me on the phone, you know that I look at business ownership as an investment, and just like all the other investments, there are “Bargains” here as well and you could make a fortune buying under performing businesses as long as you know what to look for.

Why Did You Decide On This Business
Most new business owners start their business to do what it is the business does. Successful business owners start businesses that will give them the lifestyle they want. Which one are you?

How Much Does A Small Business Owner Make?
How Much Does A Small Business Owner Really Make? In this article, Heather Villa looks at the question "How much does a small business owner really make?" and shows how the question has misled entrepreneurs. She first describes how owners all too often over-estimate their personal income simply because their finances are not in order. Then, she points out three must-do financial activities that entrepreneurs need to regularly practice in order to create a successful business. Once these are in order, she points out, that business owners will be able to earn a higher wage and build a more valuable business for the short and long term.

Marketing versus Sales Why anyone can sell
Have you ever wondered what is the difference between Marketing and Sales? In this article I will distinguish Marketing from Sales and I will also introduce the concept of operational definitions and the reason they are essential for successful business operations.

Why buy an existing business?
With a multitude of options to choose from, the relevant question will be which type of small business you should wish to acquire. It can become somewhat overwhelming with all of the possibilities.

Fact and Fiction with Franchise Ownership
This article discusses some of the facts and misperceptions in regard to franchising. It covers topics such as safety, support, territories, system, time commitments, ...

Is Business Ownership Part of Your Destiny
For many, the thought of business ownership is very appealing. Business ownership is a way to control your own destiny, be your own boss, and ultimately build yourself a strong financial asset. There are different ways to embark on your business ownership journey. Should you start a new business, start a new franchise, or buy an existing business?

Entrepreneurship and Franchising: Perfect Together
For years we’ve been reading articles about a franchisor’s desire to select franchisees that are not too entrepreneurial…that are in fact interdependent rather than independent. In order for most prospective franchisees to take the leap into business ownership…they need to develop an entrepreneurial spirit.

The Process For Becoming An Entrepreneur
Many people want to start a new business but know little about what they are in for. This article can be a great resource for such people.

Is Buying into a Franchise right for you
Going into business by yourself can be a risky venture which is why buying into a proven franchise is often more successful and an easier option. This article explains the benefits of a franchise over going it alone in your own business.

FranchisorFranchisee Relationship
Because entering into a franchise is investing in a very real, very serious relationship, you want to make sure that you're on the road to establishing a healthy franchisor/franchisee relationship.

Use a Franchise Attorney When Investing In a Franchise!
Why would you use an attorney that is a family member, or family friend....

Why Franchising Attracts Women Entrepreneurs
Have you ever wondered what it would take to leave the corporate world behind and own your own business? Are you tired of being the go-to girl, a small fish in a big sea, earning money for someone else? Is it time to take charge of your future and really be in control of your destiny?

How to Buy a Franchise – Step 1
What to do before you begin searching for a franchise. You’ve thought about it for years and you’re finally ready to make the leap into business ownership. It’s time to be your own boss, to be the one in charge of your financial future – your destiny. Because you are a smart woman, you want to avoid making mistakes along the way. You have so many questions: Will you be happy as a franchisee? Can you make the money you need to provide for yourself and your future? What kind of franchise would be best? Where do you even start, with thousands of franchise opportunities available?

Why You Should Keep Mum to Mom
Carefully consider who to listen to when considering a franchise purchase. For years you’ve listened to your mom’s sage advice: “Turn off the lights,” and “Save your money” Most of the time that advice was pretty good and many times you even followed it. Now don’t tell your mom I said so, but there’s one time when your mother’s advice may not help you and that’s when you are about to invest in a franchise opportunity.

Do You Follow Marked Trails or Bushwhack Through the Bush?
Your Style Can Predict Whether Franchise Ownership is Right For You If you’ve ever dreamed of owning your own business, you’re not alone. The desire for the autonomy and financial security that being your own boss can provide has never been more prevalent than it is today. There are many reasons for this but a main one would have to be that as big business gets bigger, the value of the individual employee is diminished and people are fed up with being disposable. Owning a business is a great way for a woman to take charge of her future.

Do You Have What it Takes to Be Successful as a Franchise Owner?
Have you ever wondered if you have the personality and skills to be a successful franchisee? There are over 2500 franchise companies operating in the US, each requiring a plethora of different skill sets in a franchise owner.

Business Accountability Teams - they go to BAT for you
How hard it is sometimes to stay focused; to put in that extra effort to achieve the business results we want. How easy it is to be wooed by the warm day to play a round of golf when we should be making sales calls. How easy it is to rationalize that taking the afternoon off will be made up for next week. This is especially true when there is no one to hold us accountable; ah the freedoms of business ownership!

Husbands and Wives! Head Out of Sand! NOW!!!
Our nation is at a critical juncture. The numbers of unemployed and under-employed are staggering. Don't continue to assume a new job or career is around the corner. You have a problem to solve, your financial security. Here's some thoughts on the quality of your future.

Do You Need Experience to Own a Franchise?
Many people think that because they don’t have a formal education or do not have a lot of business experience, then their options for business ownership are very limited. However, that isn’t necessarily the case with franchises and business opportunities.

Do Millionaires Shop at Thrift Stores? The Answer May Surprise You
When most people think of millionaires, they envision someone who lives in a fancy house and drives fancy cars. However as you will see, that is not usually the case. A great many millionaires live very conservative lifestyles and spend money very carefully. So the answer to the question of, “Do millionaires shop at Thrift Stores?” is very possibly yes.

Entrepreneurship: Taking Action is the First Step to Preparation
If you decide to pursue a venture or other business related activity, proper preparation is a very important and integral part of getting things started. Without a proper and strategy, you will be like a ship without a rudder. You’ll drift aimlessly and never get to where you intend to go. But the first essential step in preparing for a business related activity is to simply decide to take action.

Take out the T.R.A.S.H.: renewing and re-envisioning
On a regular basis, any of the business owners I know are Transforming, Reinventing, Agonizing, Shoulding and Hurrying as they re-evaluate their businesses and attempt to cope with the changing economy. They have their business plans ready, their spreadsheets presentable (some), and are in the process of the dangerous thought pattern of "if I change things around, things will be better". I say it's all T.R.A.S.H.

Low-Cost Franchise Businesses Give Options for Buying the Right Franchise at a Cost You Can Afford
Many entrepreneurs exploring the expanding world of franchising may not have significant resources to spend on popular franchises, which can carry a price tag of several hundred thousand dollars. But there is good news for these future franchisees! Increasingly, low-cost franchise opportunities are becoming available, and these opportunities are making the dream of business ownership more accessible than ever before.

The Credibility Factor
If you want to increase your value...increase your credibility.

Choose a Structure
Many factors must be considered when choosing the best form of business ownership or structure. The choice you make can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others.

Is Entrepreneurship For You?
In business, there are no guarantees. There is simply no way to eliminate all the risks associated with starting a small business - but you can improve your chances of success with good planning, preparation, and insight. Start by evaluating your strengths and weaknesses as a potential owner and manager of a small business. Carefully consider each of the following questions:

How to identify your \"must have priorities\" in a franchise!
Franchising presents the opportunity to be successful in your own business, it's also a chance to get stung if you choose unwisely.

Your Style Can Predict If Franchise Ownership is Right For You
One way to become a business owner is through franchising and the franchise industry is at an all-time high. There are more franchised businesses than you can possibly imagine. A recent survey found almost 500 concepts in fast food alone, a category that represents only 20% of U.S. franchises. The IFA Educational Foundation’s Economic Impact of Franchised Businesses study indicates there were three quarters of a million franchised businesses in 2001.* To see if franchising could be right for you, compare your previous business experience, your motivations and your current situation to the following examples. * IFA Educational Foundation-FRANdata study released August 2006

Other Business ownership Related Articles

Understanding Equity Capital
Equity capital or financing is money raised by a business in exchange for a share of ownership in the company. Ownership is represented by owning shares of stock outright or having the right to convert other financial instruments into stock of that private company. Two key sources of equity capital for new and emerging businesses are angel investors and venture capital firms.

Choose a Structure
Many factors must be considered when choosing the best form of business ownership or structure. The choice you make can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others.

Is Business Ownership Part of Your Destiny
For many, the thought of business ownership is very appealing. Business ownership is a way to control your own destiny, be your own boss, and ultimately build yourself a strong financial asset. There are different ways to embark on your business ownership journey. Should you start a new business, start a new franchise, or buy an existing business?

Recession-Proof Lessons of Succession
This article is based on the author’s experience in partnering with a Level 5 CEO who was orchestrating his own succession. This leadership transition represented the first at this level since the 153-year-old company became an employee owned business in a buyout from the last family owner. The company became employee-owned after 140 years of family ownership, growing more than 10 times in 10 years following the transfer of ownership. They have sustained more than 10 years of consecutive profitability as a privately held organization. Today, they generate revenue of more than $1.5 billion with over 2,500 employees of whom more than 300 are stockholders.

Advantages of Owning a Franchise
Today, many more people are considering business ownership than ever before - it's a sign of the times. As we experience great changes in our workplaces and work forces, as the general economy erodes, more and more people are exploring business ownership - to be their own boss and work for themselves rather than someone else. As those individuals begin to investigate business ownership, franchise ownership is the first choice for many. For one who has not experienced business ownership previously, franchises offer many advantages.

Intellectual Property Rights - The Chinese Challenge
Doing business with China presents many opportunities but with that come many challenges too. Different attitudes towards knowledge and rules means that China is perhaps culturally opposed to the very notion of intellectual property. Chinese culture respects the knowledge itself and not the ownership of that knowledge and this culture has slowly developed over 5000 years. Moves are being made within China to address the issue of IP ownership, there are more courts, trials and prosecutions but Western organisations will still need to tread with caution regarding their IP rights when it comes to doing business in this exciting economy.

Before You Invest in a Coffee Franchise
There are many people who dream of someday owning a business of their very own. Franchises make this a possibility for many people who would not ordinarily have the opportunity. While the franchise path to business ownership may be the preferred method for many would be investors it is not necessarily an easy path. There are several things that must be taken care of before the process of franchise ownership begins for your coffee franchise.

Can a Coffee Franchise Secure Your Future?
There are many reasons that people consider franchise ownership. First and foremost among those reasons is a secure future for the family of the franchise owner. Some choose to invest in a coffee franchise in order to plan for better golden years once retirement age has been reached while others seek potential earnings for a comfortable living both now and in the future. Whatever your reason for seeking franchise ownership I'm sure the question as to whether or not coffee really is the way to go has come up at one point in time or another.

Coffee Franchise v Building a Unique Business
Building a business from the ground floor is a very time consuming, emotionally taxing, and financially straining prospect. This is one reason that franchise businesses are so popular among those seeking the security of business ownership but not willing to risk their financial futures and security in the effort. The price that is paid for the lower risk of franchise ownership is lower profits while the business is being built in the form of franchise fees and expenses related to following the rules and requirements of the franchise organization.

A Legal Analysis of a Preferred Method of Retail Sales
There are several methods of conducting a business in the area of retail sales. They include private ownership of one or more stores, a “chain store” system, public stock ownership of companies to provide capital for expansion and franchising. This article explores the legal aspects and benefits of conducting a business through the use of franchising.

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