Acceler8Success Cafe Tuesday 3.19.19

It’s Never Easy to Raise Money
“Fundraising is easy” they say.

This is only spoken by people who have never raised money. It’s never easy to raise money. It is hard even for a well-established business. For early stage companies, it is even harder. Combine new business models and unproven concepts with anything involving lawyers, and “easy” is hardly the first thing that comes to mind. Pitch presentations, financial models, talking points, consistency with team members, valuation of a new business in a new market—tell us what part of that is “easy.”

READ HERE for a few options for bringing in outside resources to help you and some of the considerations to examine when you do.

Acceler8Success Cafe is your daily resource about Entrepreneurship & Business Ownership!

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Power your small business from financing to growth, with Benetrends Financial’s smart, affordable and safe funding options.

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The Best Ways For Franchise Owners To Build Community Trust

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Some Do’s and Don’ts for a Franchise to Become Successful
While the model and market are rapidly evolving with time, there are certain do’s and don’ts that still remains and means the same for business investors

The franchising model has been available since ages, proving to be successful for expanding a business nationally and internationally successfully. In modern times, franchising is one common destination that entrepreneurs and startup owners think of while establishing and running their businesses.

The long and rich history of the franchise allows the modern day’s entrepreneurs and franchisees who are keen towards managing their business successfully like a boss to learn many things from this model. While the model and market are rapidly evolving with time, there are certain do’s and don’ts that still remains and means the same for business investors. READ HERE for some do’s for growing a business.

Acceler8Success Cafe Thursday 2.14.19

Acceler8Success Cafe digital edition is your daily resource about Entrepreneurship, Franchising & Small Business

Happy Valentine’s Day!


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Quote of the Day!

3 Questions to Ask Before Franchising Your Business

three questionsBetween building a larger community network, adding an additional revenue stream and the plethora of other advantages to turning your business into a franchise, it can seem like the obvious next step for business owners that are anxious to further growth.

While franchising can provide immense success, achieving better business margins is not guaranteed.

To determine if your business is ready, prompt an honest conversation with yourself with these three questions:

1. Have you seen consistent success?

While there are no rules about the required years of experience, revenue dollars, etc. before you can franchise, owners should be able to demonstrate that their concept is successful enough to take on a second location. Think about how you will pitch to potential franchisees when that day comes—you should be able to communicate the value of the business and the success they can reasonably expect from buying in.

2. Can the success be replicated?

Seeing business success is promising, but the revenue of the company doesn’t multiply just because the number of storefronts does. If your business gets boosts from a local event, one great shift lead or customers specific to your current neighborhood, attempting to replicate that might be challenging. However, if your operations don’t have many variables and you think a new region will benefit from your business, that’s a good sign that expanding will be a positive thing.

3. Are you ready to invest in your franchisees?

In large companies, the responsibility of providing training and resources doesn’t typically fall with the owner. Being a new franchisor means building that support network from scratch. Providing continuous support to franchisees is an investment in not only their success, but the success of the franchise as a whole—therefore it’s a responsibility that should not be taken lightly. The franchisor-franchisee relationship is equal parts manager and mentor, and you need to be ready to provide the guidance they will seek.

If you’d like to learn more about franchising your business, that’s our specialty! Contact Franchise Foundry today to learn more about what franchising can do for your business.