Monday, December 7, 2015

Reducing the Risk of Business Ownership


I’m going to be honest, it’s not easy to be a business owner.  If it was easy, everyone would own a business.  It takes guts, drive, determination, persistence, and a bit of start-up capital.

But, what if you could tilt the odds to be more in your favor?  One way is to investigate a franchised business concept.

Let’s look at where franchising can help reduce the risk of being a business owner:

  • The business concept:  When you own a franchise, you are purchasing an already-existing business concept.  No need to reinvent the wheel and wonder if you’re creating a viable system and/or product.  The business has worked in the past, meaning the odds of it working again are exponentially better.
  • The brand:  Logos, colors, name recognition.  The brand already exists!  The marketing is one key component of the franchise, and you don’t have to start from scratch.  You just can take the ball and run with it.
  • Infrastructure:  Many franchises have building layouts and computer systems that have been designed specifically for their operations.  This is mostly common with retail and restaurant operations.  Which means you can focus on keeping your business running, not getting it off the ground.
  • Support:  From franchise opening and training teams to fellow franchisees, you have a support system that you can reach out to for help.  Even if its just pitching ideas, your part of an ownership family.  It’s not just you on an island.


Is there another way you can reduce risk, even before you sign any dotted line?  FranNet.  I am here to help coach you along the way, from investigating different franchises to explaining different models of ownership.  I host free educational events, and then provide free consulting to those who are ready to take a serious look at franchise ownership.

Don’t miss:

  • Webinar:  Business Ownership Exploration Webinar
    Wednesday, December 9 2015
    2:00 PM to 3:30 PM NO COST
    more info | register now

  • Live Seminar:  “Franchising as a Career, an Investment, or Both” – TROY
    Thursday, December 10, 2015
    10:00 AM to 12:00 PM  NO COST
    Offices of Derderian, Kann, Seyferth & Salucci, CPAs
    3001 W. Big Beaver, Suite 700, Troy
    RSVP Required
    more info | register now

So, let’s talk a bit more about how I might be able to help you.  Contact me at 312-821-5060 or mcory@frannet.com and you can learn more about how you can add the word “owner” after your name on that business card.  

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Wednesday, December 2, 2015

This Season, Consider the OTHER Side of Retail

Want to get a Piece of Holiday Spending?
Black Friday, 12 Days of Christmas, Small Business Saturday.   SALE SALE SALE! November and December are the most important time of year to the retail sector – ending the year on a high note.
Can you picture yourself at the helm of a retail operation? Be forewarned, it is a highly competitive sector with lots of moving parts. One the many franchised retail concepts can better prepare you to enter this brave new world. Whether it’s helping a customer find a perfect gift for a loved one, or enjoying the sounds of register drawers opening and closing, there are franchise concepts out there within reach.
Ready to help athletes and sports fans? Storefronts that sell shoes, custom shirts, officially licensed apparel, nutritional supplements or sports supplies could be in your future.
Want to unleash your fashion skills?  You can own a nationally recognized upscale women's boutique.
Want to help spruce up someone’s home? Your retail operation could focus on floor covering, window treatments, tools, floral bouquets, custom framing or furniture.
Time to release the techie?  Think about selling mobile phones and accessories, batteries, computers and peripherals.
Help those who need more help?  Health products, durable medical equipment and caregiver referral assistance are always in demand.
Love cars and automobiles?  The auto supply, car repair and oil change industries continue to grow. 
And don't forget our four-legged friends.  Offer pet supplies for Fido and Fluffy! 
There are lots of different retail franchises out there, and many more non-retail franchise concepts that are looking for someone like you. It may seem overwhelming, but that is why FranNet is here! All of our consultations, services and events are 100% FREE! No pressure, no obligation.
When you’re ready to explore options and find the right fit, we can meet one-on-one to talk more about you, your lifestyle and your goals. This is where I can tell you more about FranNet’s exclusive matchmaking system, and make some recommendations on possible fits for investigation. I’ll continue to coach you through the research process, helping you to discern and evaluate the facts, putting you in the best position to make a sound investment decision.
FREE SEMINARA great place start the wheels turning would be at my next seminar, “Franchising as a Career, an Investment, or Both”, where you can learn more about franchising and determine whether it makes sense for you to begin the search process…
FREE WEBINARS
You can also tune into a webinar the day before, coving all of the initial questions on business and franchising concepts.
You can also learn more about two different types of franchises in online presentations as well.
Want to learn more? Visit michiganfranchiseforum.com or contact me directly at mcory@frannet.com or 313-821-5060.
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