Buy a Gently Used Business – Be a FRANCHISE HUNTER!

You have probably seen reality shows like Auction Hunters and Pawn Stars, where used collectibles may result in financial gain.  The stars do their research and find out just how much that collectible is worth and consider how much money they can make.

Did you ever think you could buy a business? 

There are many life reasons, positive or negative, that could lead a franchise owner to sell their business.  Investing in a “franchise resale” could just as easily be a gold mine as it could be a landfill.  The key to potential success or failure is doing your research.

Let’s look at some reasons why a franchise owner would need to sell their business:

• Disaster - need for liquid assets:  Sometimes, bad things happen.  Maybe the owner needs to pay off a medical bill or something else that requires a large sum of capital.  Rather than selling a house, maybe this is their best option.
• Dissolving a partnership:  If the franchise is owned by a partnership, a lack of proper planning could result in the owners needing to sell this business.  This could be a falling-out between partners, or potentially the death of a partner.
• Retirement:  Maybe Bora Bora or another far off island is calling, and the owner is just ready to retire into the sunset.  If there isn’t a heir to the throne, maybe you can take over!

Now, keep in mind, the owner could just be getting rid of a rotten egg.  You want to make sure that you are doing your research and asking the right questions to give yourself the most information. 
This is where FranNet can help!  If you are considering starting business, or potentially even buying a franchise resale, let me sit down with you and talk about the pros and cons.  All of my consultation and services are FREE to you.  Contact me at 313-821-5060 or mcory@frannet.com and let me help you become a FRANCHISE HUNTER.

Career in a Rut? Time for Plan Z!

When it comes to careers, most Americans have pursued Plan A. Plan A is that “steady” job with reliable income and benefits. Working “40” hours a week, coming home and eating dinner with your spouse and children (unless you’re a Road Warrior). Plan B is the fallback career. With the recession changing the economic face of the country over the past few years, maybe you were forced into a Plan B. Maybe Plan B is a lower-paying job a few steps back. Maybe Plan B is doing some on-the-side consulting until the next Plan A job comes around.

Just a few weeks ago, Deroit Free Press Business Columnist, Josh Linkner, introduced us to Plan Z. It may stand for Zoom, Zap, or Zig Zag. In essence, it’s the dream plan. What would you do if you could do whatever you wanted? How could you make the biggest impact on the world? What would you want to be remembered for? According to Linkner, this could be “the plan that you had in mind before you learned all the things that could go wrong. The plan that you’d pursue if you knew you couldn’t fail. Plan Z is your Road Map for things going INCREDIBLY RIGHT instead of horribly wrong.” 

Sounds perfect, doesn’t it?

So, how do you get there? This is where Plan F–Squared comes in … the first F stands for FranNet. Let me show you how to get from point A or point B to point Z. There are franchise concepts in a vast array of fields, and for almost every type of personality imaginable.

The second F in Plan F-Squared stands for free. All of my services, consultation, seminars, webinars and experience are yours for free. No catch.

A great place to start the “journey to Z” is at my free seminar, Michigan Franchise Forum; Executive Briefing on Wednesday, October 9!   This event is geared toward experienced marketing, sales and general management professionals who are looking to take control of their careers and futures by leveraging their skills and a proven franchise system to launch their own business.  Hear from franchise development executives from several White-Collar, Executive Model franchise concept.  Have their questions answered and engage in one-on-one discussions with any or all of the franchisors.  Learn about the next steps in conducting a thorough investigation on one or more of the concepts presented.  

Due to limited seating, registration is RESERVED for individuals (or couples) with strong managerial and/or marketing and sales backgrounds, liquidity of at least $75K, and who are contemplating a business launch in the next 6 to 12 months.  To RSVP, please visit michiganfranchiseforum.com.  You can also contact me at mcory@frannet.com or 313-821-5060.


http://www.freep.com/article/20130823/COL45/308250011/Josh-Linkner-Plan-Z-Plan-B-dream-plan

A Call for Executives: Briefing in TROY This Wednesday

Michigan Franchise Forum  “Executive Briefing” Wednesday, October 9, 2013  11:30 am – 1:30 pm  (lunch provided) Troy Office of Rehmann, CPAs     1500 W. Big Beaver Road 2nd Floor Troy, MI 48084

Tired of CLIMBING the Corporate Ladder? Why not CREATE one of Your Own?  MEET the Top Franchisors Expanding in Michigan and Find Out Where YOU Might Fit! This event is geared toward experienced marketing, sales, financial and general/operations management professionals who are looking to take control of their careers and futures by leveraging their skills and a proven franchise system to launch their own business. Attendees will: Get a brief overview of franchising, including the various points of entry and the current landscape in Michigan and nationally Hear from franchise development executives from several concepts, including Business-to-Business, Executive and Semi-Absentee models Have questions answered and engage in one-on-one discussions with any or all of the franchisors Learn about the next steps in conducting a thorough investigation on one or more of the concepts presented As with all FranNet events, there is No Fee and No Obligation, however, due to limited seating, registration is RESERVED for individuals (or couples) with strong managerial and/or marketing and sales backgrounds, liquidity of at least $75K, and who are contemplating a business launch in the next 6 to 12 months. RSVP NOW - Reservations can be made at michiganfranchiseforum.com or 313-821-5060 or mcory@frannet.com. For More Information Contact:  Mark Cory  313-821-5060  mcory@frannet.com Other Upcoming Events • Webinar:  Selecting Your Next Business: Does Franchise Make Sense?   Wednesday, October 9 - 4:00 to 5:00 PM  |  More Info • Webinar:  Franchise Spotlight:  Grow Your Business AND Help Children of Your Community   Wednesday, October 9 - 8:00 to 9:30 PM  |  More Info • Webinar:  Business Ownership Exploration   Wednesday, October 16 - 2:00 to 3:30 PM  |  More Info • Local Seminar - Troy, MI:  Franchising as a Career, an Investment, or Both   Thursday, October 17 - 10:00 to 12:00 PM  |  More Info • Webinar:  Putting Women in Business and in Charge   Wednesday, October 124 - 2:00 to 3:30 PM  |  More Info