Acceler8Success Cafe Monday 5.6.19

The New Meaning Of Entrepreneurship

In a society that feels moribund, where the current government is sinking deeper into the morass on such huge societal problems as retirement, health care and climate, a lot of the real change has been coming from entrepreneurship. Is there any wonder, then, that agents of social change are borrowing concepts from entrepreneurship and even the word itself to describe themselves?

Entrepreneurship used to mean this: “The activity of setting up a business or businesses, taking on financial risks in the hope of profit.”

The idea of entrepreneurship had already been evolving, as some people divorced entrepreneurship from profit. There were social entrepreneurs, who were building enterprises with double bottom lines. Now, we’re watching the concept of entrepreneurship transform, again. Read more.

The Psychological Price Of Entrepreneurship

What Visiting a Maximum Security Prison Taught Me About Entrepreneurship and Life

How Entrepreneurs Can Just Say No

Seeking experienced restaurant operators & general managers for a number of emerging brands… proven business models, major & secondary markets, various investment levels, single & multi-unit development, partnership opportunities available! If you’re interested in learning more please request additional information at info@franchisefoundry.com. Thank you!

Biggest Ever! Record-Setting Multi-Unit Franchising Conference Keeps the Customers Satisfied

Create Your Own Wealth, a Collection of 2-Minute Topics on Franchising

Franchising In The Cannabis Industry Begins To Light Up

Tips to Franchise a Restaurant

Franchising is a strategy in which it uses other people’s money to grow and expand without giving up control or equity in the original business. In franchising, the franchisee pays to the franchisor a franchise fee plus a percentage of the top line revenue which is commonly referred to as a royalty. Additionally, the franchisee provides the people power behind the daily operations as well and it allows for the brand to expand at a more expeditious rate.

Franchising a restaurant is a big step for any owner at any stage. It takes time, patience, and hard work. It is important to remember that franchising is a business and, much like any business, it generally does not happen overnight. Read more.

Are You Ready to Franchise Your Business or Put Your Recently Franchised Brand on the Right Track?

Benetrends FinancialSpadea Lignana & Retail Solutions

Acceler8Success Cafe Monday 4.29.19

3 Reasons to Become an Entrepreneur

Entrepreneurship presents a business idea that is followed by millions of people. The people who pick it up as career options are called entrepreneurs and an entrepreneur is someone who is his or her own boss, doing and controlling over their jobs by themselves. With the basic information given, have you ever thought of becoming an entrepreneur or are you an entrepreneur already? What is or might be your reason to select entrepreneurship?

Every individual may have their own reasons for choosing to become an entrepreneur. They might get tired of the bossy behaviors of the supervisors or do not want to financially depend on anyone. Whatever it may be, the choice and efforts will not go in vain, it will certainly add up to your experience for best. This article will tell you about the top three reasons why you should also consider being an entrepreneur. Read more.

How Resilience Turned A Homeless Teenager Into A Millionaire SEO Entrepreneur

This Mom Entrepreneur Is Developing Medicinal Cannabis to Treat Kids With Autism

Four Traits of Successful Entrepreneurs

Business Mentor: What Aspiring Franchise Owners Need To Know

10 Adjustments You Can Make to Improve Your Chances of Business Success

The Definitive Guide to Franchise Research

Franchising In The Smart Home Era

Franchising Isn’t Broken – Don’t Fix It!

The Next Franchise Purchase – What to Know Before You Go

The leap from owning one franchise to two or even more can be just as daunting as that initial purchase. But by taking a defined, strategic approach to selecting another brand, entrepreneurs can hone in on their best options and make an informed decision.

First, let’s look at the reasons why franchisees typically are interested in purchasing or developing units with another concept. Often, they’re looking to reduce their risk by diversifying, which also allows them to use their existing resources and real estate strategies.

But sometimes expansion-minded franchisees are failing to see the growth opportunities they desire with their current brand. Or they may even be concerned about their existing brand’s strategic direction. Finally, they might even be seeking to add new avenues of growth for second- or third-generation family members entering the business. Read more.

Funding and Beyond: The Strategic Benefits of Partnering with Benetrends

How Much Will You Need to Fund a Franchise Purchase?

Benetrends FinancialSpadea Lignana & Retail Solutions

True Social Media ROI – Relationship & Community Building

Social-Media-ROICertainly, return-on-investment (ROI) is important but too many miss the boat by trying to make social media a line-item on their financials. First, social media is not advertising. So to think there will be a definitive ROI based entirely upon revenue generated against dollars invested is absolutely off-base.

One needs to look at social media as the glue that can hold several key functions of the business together such as bringing the customer experience to marketing complete with sharing operations role in making the experience positively memorable, and letting the end-user know about its objectives. Complicated? No, but not without proper planning and a long-term vision. Further, social media is vehicle that transports information from one function to another – it’s a conduit.

Social media is the communications tool that should lend itself to truth, trust and transparency in establishing or strengthening the business relationship. Last, social media is the tool that enables a brand or business to earn the right to “ask” for business from customers, clients and investors alike as it provides the platform for them to virtually see how your business operates, how it communicates and how it is perceived. The key here is in establishing community. The necessary steps are relatively simple to follow… Share, Interact, Engage and then, only then have you earned the right for a Call-to-Action. Yes, that’s when the right has been earned.

It does take training for social media to be utilized effectively at any level. But even more so at the local level as franchisees typically cannot afford the luxury of adding human resources to handle their social media. So, training and guidance is paramount. As is open communication and interaction between franchisor and franchisee in managing and monitoring social media. Yes, working together with common goals and objectives, as should always be the case in the franchise relationship. This is just another component of what I believe should be the everyday goal of working towards a truly interdependent relationship. The same should be said about all relationships in a business [and franchise] environment – franchisor/franchisee, employer/employee, business/customer, etc… Yes, it should be the norm, and not the exception.


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