Did you know... The story of the Subway brand started more than 50 years ago when Dr. Peter Buck, a nuclear physicist, changed the life of a college student with a few simple words, “Let’s open a submarine sandwich shop.” It was Peter Buck that gave college freshman...
There is no mention of profit or sales here. The reality is if you hit the right level in the 10 items listed here you have to operate a profitable business. In essence, profit is the outcome of having the right business model in place and operational. You can do a...
The thought of launching a business at any time can be daunting. But in the wake of a worldwide pandemic, it may seem downright terrifying. The uncertainty around COVID-19 has frozen some people into inaction, while others are making bold moves. One of my favorite...
I have probably had more exposure to the outcomes of a high risk than most. Having been bankrupt before and losing everything and starting from scratch again teaches you some very valuable lessons, many of which I believe have been fundamental to both the business and...
FRANCHISE BUSINESSES ARE MORE LIKELY TO SUCCEED THAN NEW INDIVIDUAL START-UPS. 91% Of new franchisees are still in business after 7 years. 95% Of new franchisees are still in business after 5 years. Source: US Dept of Commerce Infogram
For any business to succeed and thrive the level of exchange with all that come into contact with it must be in abundance. This must apply to clients, team members, suppliers, and business owners. If this is in place a business can not do anything but expand and...
During the franchise development stage, it’s important to consider and implement the following strategies and best practices: Set Realistic Goals. Franchising is more of a marathon than a sprint. Set realistic goals as to what franchise success will look like for you....
Now with a high-level approach here are some rules linked to creating an Ideal Scene. If you missed the first steps in creating your ideal scene take a look at the post last week. Use specific numbered points. When you write each point - write it in the past tense as...
The computer and information technology (IT) services franchise industry is a relatively new industry that has grown over the past couple of decades with the rise of the internet, smartphones, and other technological advancements. Computer and IT services franchises...