Skip to content

Full Business

Personal blog about business

Archive

Tag: Franchise

Many people looking for a better way to earn a living are looking at becoming self employed with one of the franchise opportunities available. A franchise business can be a wise choice in that statistically they have a higher success to failure ratio that going to business totally on your own. Franchisers claim about 97 percent success after 3 years, almost the inverse is true for a regular small business.

As good as franchises sound on the surface, there can be things to watch out for. It is important before making such a large commitment of time and money…

Answering the phone, paying the bills, waiting on customers, ordering, attracting new customers, training staff, adding product, handling complaints. They’re all part of your day. All are part of working ‘in’ your business. It’s time for you to start working ‘on’ your business. What are we talking about?

You sell products and/or a service and you readily recognize these as the merchandise of your trade. But did you ever consider that your business itself is a product too! When you ultimately decide to sell for retirement, or to pursue other interests, such as converting your hobby into a money…