Know if Franchising/Business Ownership is Right for You? Is franchising or business ownership right for you? There certainly is no quick and easy answer to that question. Most of us dream the American dream of fame and riches and of controlling our own destiny through business ownership. The truth is that only about 1% of us will actually become a business owner because business ownership takes discipline and effort and requires some skill and experience to make it work well. Furthermore, business ownership takes a great deal of...
read moreWhy Franchising and Business Ownership Are Viable Career Choices Franchises are one of the most prevalent industries in the American economy, and it is easy to see why. Becoming a franchisee offers an individual the opportunity to run a business while building off the success of the business, as if it has already been running for years (which of course, it has). A franchisee starts the franchised business but does not have to address many of the typical aspects of a startup, such as incorporation or trade marking, thus avoiding many of the...
read moreMake Your Own Opportunities by Taking Action! Why did we choose this one piece of advice to put on our signature line? Without action, dreams never can become a reality. Jack Canfield, who wrote the Chicken Soup for the Soul series, is also a noted business consultant and CEO of the Canfield Training Group on Maximizing Human Potential. He writes, “The #1 thing that separates winners from losers is that winners take action.” He further explains in an email newsletter dated March 26, 2011 that “When you act, you trigger all...
read moreIncrease Your Luck Good luck comes to those who are clear about what they want to attract. Authors of many books, including The Secret, 59 Seconds: Think a Little, Change A Lot, and Recharge in Minutes talk about the power of focusing on positive thoughts. Think about what you want. Be very specific. In fact, a University of Michigan study found that visualizing how to achieve a goal, a process called predictive encoding, actually increases the change that you will act as you imagined by 50%. Make your actions consistent with...
read moreKnow Your Purpose, Vision and Mission Everyone wants to be happy. However, sustained happiness does not come from money or from what money can buy. Sustained happiness comes from meaning. It comes from growing, developing and having a positive impact on the lives of others. What is your purpose? Why are you here? Who are you meant to be? What are you meant to do? This is not the same as asking what you like to do. The question is what are you designed to do and what are you meant to do, not what do you like or dislike...
read moreMake a SMART Decision Franchising is not for you if you thinking that all you have to do is pay the franchise fee and turn the key. Being a business owner, even with proven systems, is a lot of hard work, especially at the beginning. Nevertheless, the rewards of preserving are well worth it! So before you commit to a franchise, make a SMART decision. S: Be specific. What are your strengths, experience, and education and can you find a franchise business where you can leverage what you do best? M: Set goals for yourself. That is...
read moreWhat are our Respective Roles and Expectations? Various business brokers, consultants and coaches are probably contacting you. They offer to educate you and offer free help and guidance. So how do you evaluate which one is best for you? Some may say it is because of how you connect on the phone. Some may say it is based upon who contacted you first. You have choices so why not work with the one most qualified? Roles eAdvantage4u’s role in helping you is to serve as your career life coach and business franchise...
read moreDetermine Your Life’s Purpose “Everyone has been made for some particular work, and the desire for that work as been put into every heart.” Rumi Name: Exercise 1: If asked you to allocate 10 coins in 3 containers, how would you divide the coins? 1 container: making lots of money _________ 2 container: being passionate about what you do _________ 3 container: enjoying a quality of...
read moreDetermine What Passion Is When It Comes To Business Ownership We all have things we love doing. For some its exercise, for some its sports, for some its cooking, and the lists of individual passions go on and on. My passion is reading books. I have been an avid reader since grade school. I have taken classes and am constantly with my iPad, reading eBooks now or browsing the internet on topics of interest. When I was unhappy about the long commute, the lack of a cohesive management team where I worked, the long days of work due to inadequate...
read moreMaster and Area Development opportunities are for those with sizable net worth and assets or ability to pull together significant financing who want to either develop large territories or work as a sub-franchisor under a franchise company. A Master Franchisor is a person or company who buys the rights to a large territory and with the franchisers help, sells franchise, provides local support of its subfranchisees, collects franchise fees and royalties and divides the money collected with or by the franchisor. Sometimes the Masters are required...
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