Acceler8Success Monday 3.18.19

FEATURED ARTICLE: Scaling A Business To 7 Figures And Beyond- 3 Successful Entrepreneurs Share Their Lessons

Nowadays, there are multiple businesses serving almost every market.  The internet has made production, distribution, and promotion cheaper and more accessible than ever before, thereby stimulating innovation, the creation and sale of products and services by countless businesses from tiny entities operated as hobbies to multinational corporations. So how are you supposed to start a new business that stands out from all the existing competitors? How does someone build a differentiated business and connect with the customers who match that business’s unique selling proposition?

With the difficulty in finding valuable advice that is actionable backed by real results READ ABOUT 3 Entrepreneurs who share their lessons that allow a company to scale to 7 figures and beyond.

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

Why the Best Entrepreneurs Have Employees Who Disagree With Them

Lessons From Fearless Female Entrepreneurs

How This Entrepreneur Just Sold For $1.9 Billion The Company That He Created Out Of His Own Garage

The Tech Entrepreneurs Keeping Our Pets Fit, Safe and Well

The Complete 35-Step Guide for Entrepreneurs Starting a Business

15 Expert Tips for Scaling Your Small Business

Leadership Tips For a Busy Small Business Executive

Elevate Your Digital Influence With This Event

Social Media Management For Small Businesses: How To Do It

Six Steps Small Business Owners Can Take to Improve Cybersecurity

Pay Yourself First? Last is How Small Biz Often Works

10 Tips to Help You Create a Smart Business

Smart companies aren’t just those that have intelligent leaders. They also have systems, tools and proper planning in place that allow every department or function to run together seamlessly. To become a smart company, you need to integrate smart ideas into every facet of your business. READ ABOUT tips from members of the online small business community.

Acceler8Success Cafe Thursday 3.7.19

FEATURED ARTICLE: What to Know Before Going Into Business With Family or Friends

You want to start a business with your spouse…or your best friend from college…or your brother-in-law. Great idea! Having people you like and trust with you in your business can make a great success.

Then there are the horror stories. The father and son who end up not speaking for years. The daughter who leaves in a huff and joins a rival business. The parents who can’t help criticizing their children. The assumptions are the most difficult part. 

Read the rest of the FEATURED ARTICLE here!

Acceler8Success Cafe digital edition is your daily resource about Entrepreneurship & Owning Your Own Business!

COMING SOON: 
Acceler8Success Cafe Podcast!

Self-made billionaires like Warren Buffett and Elon Musk prove if you don’t make time for these 6 little things every day, you’ll never be successful

EVENT: Women Business Owners – Pitch your Financing Needs to Women Lenders- March 20th

5 startup mistakes every small business person should avoid

After locking down his dream a small business owner is hoping to help others recognize theirs

Are you ready to franchise your business or put your recently franchised brand on the right track? Click on image for more info!


Franchising: is this the best way to start your own business?

Four Secrets To Success As A Midlife Entrepreneur

Cornell launches institute for women’s entrepreneurship

Successful Entrepreneurs Shouldn’t Try To Do Everything

A cup of coffee is helping refugees join the American dream

12 Empowering Lessons About Failure

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.