Acceler8Success Cafe is Your Daily Resource About Entrepreneurship & Business Ownership!
Today’s Featured Topic: Franchising
“While franchising’s prevalence in the U.S. economy indicates that franchisees can succeed, hundreds of franchisees fail each year. The most frequent causes: lack of funds, poor people skills, reluctance to follow the formula, a mismatch between franchisee and the business, and poor management. Often, it’s the small stuff that separates winners from losers.” – WSJ.com
This week on Franchising & You, long-time franchise veteran and entrepreneur, Stuart Williams talks about things franchisees should not only be prepared to do, but committed to do to give themselves every chance possible for success. Franchisees must do their part to help build the right culture while also following through on their passion for the brand, adequate capitalization, conformity to systems and involvement in the franchise family. Listen Saturday April 6th at 9:30 AM EDT / 8:30 AM CDT here and on-demand at same link thereafter.
Notably, the franchise business model has been called, “The greatest business model ever invented.”
If you’re interested in leveraging the franchise model so you can be your own boss-instead of working for one, this is your opportunity to learn all you can about franchise business ownership.
Franchising For Dummies, Second Edition gives you all the inside insight and smart advice to make sure you pick the right investment opportunity and make the most of it. Written by one of the nation’s leading franchise consultants, Michael Seid and by the late Dave Thomas, founder of Wendy’s International, this fun, friendly guide is packed with guidance from top industry professionals. Order on Amazon!