EQ vs Logic for Purchasing a Business
Do you sometimes feel like your emotions get the best of you? Have you ever had a moment where a gut reaction was the right reaction? We live in a business environment where both emotion and logic play a role [...]
Discovery Day
Once you have made your phone calls and narrowed it down to a few franchises, it is time for Discovery Day (D-Day) or as some refer to it: Meet the Team Day. This might be the first face-to-face meeting you [...]
Dealing with Fear
Most Americans will agree that a big part of the “American dream” is business ownership. Many believe that the percentages are as high as 70%! If this is true, why don’t most Americans actually become business owners? As with many [...]
Tough Questions to Ask Yourself Prior to Starting a Business
Businesses succeed - businesses also fail.nnnWhy?nnnIn his book Small Business Management (published by West Publishing Co.), Michael Ames gives us the following reasons for small business failure:nn· Lack of experiencenn· Insufficient capital (money)nn· Poor locationnn· Poor inventory managementnn· Over-investment in [...]
Understand Your Leadership Style
There are dozens of leadership styles. Here are some questions I often see new franchise owners ask as they explore what kind of leader they will become when they own a new business. Is a franchisor supposed to be the [...]
