5 Proven Steps to Start a Successful Franchise Business

Women on Business

Franchising Franchises starting a business starting a franchiseWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

Franchising – Is It Right for You?

Women on Business

Female Entrepreneurs Franchising Small Business business ownership Franchises franchising starting a businessWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

How to Decide if a Franchise is Right for You

Strategy Driven

This is where franchises come in. The main advantage of a franchise is that you don’t need to establish your business in a competitive marketplace. With a franchise, you have that brand awareness in place already, and the marketing burden is largely taken off your shoulders.

Building Residual Income By Franchising Your Business

Strategy Driven

Franchising is a the ultimate definition of scale where a business owner removes themselves completely from operational responsibilities in order to become a coach to others who wish to enter the world of entrepreneurship.

Start-ups, Franchises, Venture Capitalists Oh My!

Women on Business

Top 100 Franchises. AllBusiness AllStar Franchise released winners for the fourth annual “best of the best” franchises of 2012. If you’re looking into Franchises click here to read the full list of the top 100 franchises for 2012.

"From Dusk Till Dawn"

Execupundit

A glimpse at the good old days before the vampire franchise was pushed out by the zombie franchise

He Forgot How Much He Mattered

Leadership Freak

We were having coffee and chatting in one of his franchise restaurants. Appreciation Communication Encouragement Feedback Leading Taking others higher breakfast sandwich franchise restaurants Leadership Leadership Development Their faces dropped when Doug walked past the cash registers, around the corner, and out of sight. He carried a breakfast sandwich in his right hand. Moments before he’d said to me, “Look at this.”

Daniel Roberts: An interview by Bob Morris

First Friday Book Synopsis

He is the lead reporter on the magazine’s 40 Under 40 franchise. Daniel Roberts is a writer-reporter at Fortune, where he has worked since 2010. He has also written for a wide range of other publications, in print and online, including Sports Illustrated, Salon, and The Daily Beast. He has reported news for the Wall […].

The Disney Recipe

First Friday Book Synopsis

Bob''s blog entries a corporate theory of sustained growth ESPN franchise Harvard Business Review HBR Blog Network HBR email alerts Jeffrey Katzenberg Robert and Barbara Frick Professor of Business Strategy at Washington University in St. Here is an excerpt from an article written by Todd Zenger for Harvard Business Review and the HBR Blog Network.

Entrepreneur, Innovator, and Rebel

Execupundit

Check out this fascinating story of an Applebee's franchise

The Social Franchise Model Works in Times of Uncertainty

Harvard Business Review

When my organization, Education For Employment , began operations in 2006 as a demand-driven answer to Arab youth unemployment, I felt that creating a social franchise model was the best way to meaningfully address an issue of this scale. One hundred million.

The CEO of Ace® Hardware on Leadership

Leadership Freak

I asked the CEO of the largest home improvement franchise company in the world, Ace® Hardware, what others saw in him as a leader. He started talking about definitions. Define what leaders do… Continue reading → Leading Personal Growth Growth Leadership Development

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Solution Saturday: Winning in No-Win Situations

Leadership Freak

Bill (Not his real name) manages several franchise locations. He finds himself in a no-win situation. Budget and personnel cuts by the mother organization make it impossible for him to fulfill his responsibilities… Continue reading → Anger Decisions Personal Growth Growth Leadership Development

The Day an Exec Showed Me Up

Nathan Magnuson

Several years ago when I was in graduate school, I invested a summer at a major restaurant franchise with the hopes of landing a corporate role after I graduated.

End Meeting Nightmares: Manage Results, Not Activity

General Leadership

Open a maid services franchise. GeneralLeadership.com and the General Leadership Foundation bring Leadership Advice from America's Most Trusted Leaders to You! Read more at [link]. “A meeting is an event at which the minutes are kept and the hours are lost.” ” Unknown.

52 Ways To Avoid Giving An Immediate Answer

Lead Change Blog

Author information Page Cole Owner, Visiting Angels of Green Country(non-medical homecare franchise). Posted in Change Management Workplace Issues No one likes being pushed or bullied into making snap decisions.

Dear McDonald’s, It’s Not About the Burgers (or even the Yogurt)

Lead Change Blog

Excerpts from a leadership webcast to franchise owners warned that “1:5 [.]. Posted in Leadership Development A recent Wall Street Journal article, McDonald’s Tackles Service Woes, describes McDonald’s continued economic and customer service challenges. McDonalds Corp., battling back from recent earnings disappointments, is putting unusual emphasis on a long-time challenge: getting it’s far flung workforce to provide service with a smile.”

Reasons or Excuses – Do Yours Pass the SMELL Test?

Lead Change Blog

Author information Page Cole Owner, Visiting Angels of Green Country(non-medical homecare franchise). We’re all going to fail or let someone down sooner or later. The cause of our failure may be legitimate, or it may not. As much as leaders want results, they despise excuses even more. A trust relationship can be destroyed in an instant, and the weapon of its demise is an excuse. I remember [.]

What You Do Actually Matters – Consider Nolan Ryan’s Leadership

First Friday Book Synopsis

They also just set a season attendance record for the franchise. The Texas Rangers just won their division, and are preparing for the playoffs. (Go, Go, Rangers!). So, a lot of good things are going on with the Rangers. A key reason is the leadership of Nolan Ryan. On Fox Sports Southwest broadcasts of the Rangers’ [.]. Randy's blog entries Leadership Nolan Ryan Ruth Ryan Texas Rangers

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Do you know why you lead? Post featured at Cheryl Bachelder’s site

ReImagine Work

The results – industry leading performance for the franchise owners and the shareholders. I so appreciate Cheryl Bachelder featuring my post at her site. Learn about the value of knowing why you lead. About Cheryl Bachelder: Cheryl has served as CEO of Popeyes Louisiana Kitchen, Inc.

Are You A “Ricky Bobby” Leader?

Lead Change Blog

Author information Page Cole Owner, Visiting Angels of Green Country(non-medical homecare franchise). We want to succeed… we want our people to succeed… we want our organization to succeed! Ricky Bobby said it best in Talladega Nights. “If If you’re not first, you’re last!” But do you know who said, “Second place is just first loser!”? No, not Ricky Bobby again! It was Dale Earnhardt Sr., named among NASCAR’s [.]

The Secret to Success- Surprising Advice from Maya Angelou

Lead Change Blog

Author information Page Cole Owner, Visiting Angels of Green Country(non-medical homecare franchise). Mayo Angelou was more than a poet, more than a teacher or an author. Her insights on life, love and facing the challenges in life qualify her as oracle in her time. When we consider the great thinkers of the past, we often hear lofty challenges to self-sacrifice and reckless abandon. Their calls to action [.]

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5 Challenges for Your Living Tombstone

Lead Change Blog

Author information Page Cole Owner, Visiting Angels of Green Country(non-medical homecare franchise). Posted in Self Leadership “What do you want written on your tombstone?” ” The question has been posed over and over, challenging people to pause and consider what they want their lives and legacy to ultimately be. There are so many things that could be said… “He was a good man… I told you I was sick… She [.]

Excellence

Six Disciplines

We can learn much about achieving excellence—not only for our customers, but for ourselves—by taking a lesson from franchises. The franchising concept has been wildly successful over the past 40 years. The appeal of a franchise is rooted in two promises. The point isn’t that all businesses should be franchised; the point is that all businesses would benefit from taking the same holistic approach to excellence that franchises take.

Excellence

Six Disciplines

We can learn much about achieving excellence—not only for our customers, but for ourselves—by taking a lesson from franchises. The franchising concept has been wildly successful over the past 40 years. The appeal of a franchise is rooted in two promises. The point isn’t that all businesses should be franchised; the point is that all businesses would benefit from taking the same holistic approach to excellence that franchises take.

The Ten Commandments of Business Success

Women on Business

She was long dead when I first discovered Martha Matilda Harper and her amazing feat of launching modern franchising even though she had been a servant for nearly a quarter of a century. History buried its memory of the 500+ franchises she sprouted and staffed with other poor women. For Harper, it was deciding to franchise her business as a practical way to expand, when she could not get working capital, plus be assured of an ownership base that would strictly follow her dictates.

Patient Effort

Execupundit

There are plenty of pikers plying their trade at human misery, retail, in places like basements in Cleveland, and organized and disorganized crime, or in franchises like North Korea and various other gulags with a seat at the United Nations and "Democratic" in their names, but for institutional unkindness, the soviets transformed mom and pop cruelty into an industrial-scaled enterprise. The young man in the video grew up, his entire life, with a boot on his face.

How to Have a Killer Brand

Management Craft

James Bond is one of most successful of all movie franchises. By examining how the franchise has achieved such terrific branding success, David Brier came up with ways for your company to duplicate that success.

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What hope for UK business when #mentoring education fails?

Rapid BI

What hope for UK business when #mentoring education fails The UK Department for Business, Innovation and Skills (BIS), after the closure of the Business Link franchise, is pinning it's hopes on volunteer mentoring for developing entrepreneurship and U.

Choosing The Perfect Business Partner

Women on Business

He mentioned that he had a friend who had franchising experience and offered to introduce us. Our business relationship started with email and phone conversations: she was incredibly forthcoming with franchise and business advice.

My Friend Who Was On Undercover Boss Has Something Important to Tell You

Steve Farber

Bryon Stephens is the president of Marco’s Pizza , one of the fastest growing food franchises in the US with over 800 stores and 1/2 billion dollars in revenue.

To be a Good Teammate, Accept No Excuses

Great Results Team Building

17) Ray Kroc Was 53 when he bought and began to develop the McDonalds franchise. 19) Colonel Harland Sanders was 61 when he started the KFC Franchise.

For the Want of Real Leaders, N.F.L. Culture Will Stay Lost

First Friday Book Synopsis

Here is an excerpt from an especially thoughtful article by Juliet Macur for The New York Times during which she provides an update on the background and current status of issues by no means unique to the Miami Dolphins, a National Football League franchise.

5 Funny Teamwork Videos to Get Your Team Talking. You Have to See #3 to Believe it.

Lead by Adventure

This next clip features those lovable minions from the Despicable Me franchise. Videos are great illustration tools. In fact, they are some of my favorite tools to use when teaching or training.

Burn the Business Plan

Leading Blog

Other interesting ideas Schramm covers: Franchising is often overlooked as a real entrepreneurial business and is generally not taught in colleges.

Leadership, Passion, And Transformation

Joseph Lalonde

Whether you’re advocating for workers as a union representative or providing pastoral leadership in cutting-edge ways, or seeking to own several franchises, your signature passion is required to heal, inspire, direct and deepen the quality of our lives.

The Big Picture of Business – Community Relations and Cause Related Marketing Are Business Strategies, Not Sales Promotions: Determining the Right Kind of Tie-In Causes.

Strategy Driven

I recently stopped for lunch at a franchise restaurant. I went to their website, where franchise chains allege they want customer comments. The franchise owner later called. We’re a franchise,” he admitted. Business marries the community that it settles with.

High-Potential Leaders

Coaching Tip

Source: Ram Charan: The High Potential Leader: How to Grow Fast, Take on New Responsibilities, and Make an Impact (J-B US non-Franchise Leadership). What "High Potential" Means Now. Everyone has potential to grow, but not everyone, has the potential to lead a large, complex organization in the near and distant future. Today's high potential leaders, or "hipos," must be able to identify the untapped opportunities their companies will pursue and mobilize in the organization.

Dare to Serve: How to Drive Superior Results by Serving Others

QAspire

In 2007, Cheryl Bachelder was hired to turn around the business situation that reeled with poor customer service, dwindling sales and troubled relationships with franchise owners. “The first responsibility of a leader is to define reality. The last is to say ‘Thank You’.

Brand Real

CEO Blog

We like consistency and good brands (like many franchises) deliver that comfort. I love Branding. Brand to a company is like reputation is to a person. Like reputation - it can be invaluable and like reputation, it can be easily destroyed. Reputation requires consistency. Brand does also.

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Evolve As An Entrepreneur In 3 Simple Steps

Strategy Driven

Entrepreneurship is about constant evolution to transform yourself from a fresh-faced small business owner into a chiseled owner of multiple franchises. Photo courtesy of Pexels. Being an entrepreneur is not a career choice that means you can stay static.

Escaping the Black Hole of Can’t

Terry Starbucker

Jack Kent Cooke. “It can’t be done” How many times have we heard that in our lifetimes? And worse yet, how many times has the utterance of that sentence out loud sent the utterer and all those within earshot down a huge black hole of negativism? Too many times, I know.

The 2 Most Undervalued Factors in Social Marketing

In the CEO Afterlife

Some people think that’s enough to build brand franchises. When I was in brand management, social media did not exist. But I can tell you this: I would have had a field day with this exciting medium because I valued the power of ‘big ideas’ to infuse growth into the brands under my wing.