Franchises – the Good, the Bad, and the Ugly
When Ray Kroc bought the fledgling restaurant chain called McDonalds in 1955, he had a dream and a vision. He created the most influential fast food chain in the world. Just think how many millionaires were created by his vision.
The world of franchising can open the door to wealth for those willing to seek out this opportunity, but finding and selecting the right franchise for you is a major job in itself. Selecting the wrong franchise can lead to major losses in both time and money. My first piece of advice is, do not make your franchise selection based pure emotion. Many people see a hot franchise and jump on the bandwagon because they think there’re going to be shut out of the opportunity. Slow down. Many franchises start off fresh and exciting, but those same franchises sometimes stumble and fall just as fast, or even faster, than they grew. That’s when things get ugly. (more…)
Eight Resources for Michigan Entrepreneurs
We’ve already seen how the recession has provided some benefits for small business startups in Michigan through lower rents, a larger pool of talent available at affordable rates and good deals on advertising. Now there’s more good news for budding entrepreneurs - a wealth of fantastic resources available at no cost or low cost.
Here’s a list of eight organizations offering support, counseling and training for small business owners and budding entrepreneurs in southeast Michigan – especially the Metro Detroit area. (more…)
Starting a New Business in Today’s Economy
The current economy is a natural incubator for new business. When you think of starting a new business, it’s natural to envision a scenario where you’ll have to invent something entirely new and somehow fund and market your idea on your own. The truth is, that can be a long hard road but there are other options to consider, as our client, Dr. Wie Pan, discovered when the economy sidetracked his corporate career.
Here’s how Dr. Pan describes his journey into business ownership:
“I might seem like an unlikely entrepreneur but the economic downturn offered me a chance to explore options I would never have considered before.
Are you stuck in your job?
Time was, you could move from job to job until you found the right opportunity for you. This economy has made that nearly impossible. You stick where you are, glad to have any job at all – and maybe you just get stuck.
It might seem like all you can do is wait for things to improve, but there’s another option. You can make your own opportunity. Chances are, you’ve often imagined how you would do things if you could be in charge. Maybe now is the time to actually BE in charge. (more…)
Entrepreneur Offers Free Presentations With Positive Message
Attention all business, networking, religious or community organizations in Metro Detroit:
Are your members worried about
Their Job…Their Finances…Their Future…
It’s time for some good news and a positive outlook.
Schedule a FREE Presentation for your group.
“Taking Charge of Your Future, the Path to Business Success” (more…)
Where will your next job come from?
by Paul Bensman
Details In Retail, Inc.
Wake up people! Yesterday alone almost 50,000 job losses were announced in the U.S. This does not include thousands more being lost every day from small businesses around the country.
If you truly believe that the job fairy will create a new one for you, it’s time to wake up. If you’re waiting for the next stimulus package to save you, then wait. The number of layoffs in this county will outpace job creations for many years to come, so you’ll be waiting a long time.
Now is the time to take charge of your life. Start thinking about taking control of your future. Even if you land a new job, is there a guarantee you’ll keep it? Start being proactive and consider the possibilities. Should I start my own company? Should I buy an existing business? Should I buy a franchise? Open your eyes and explore all your options. (more…)
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