Learn How to Grow Your Business from the Experts
Did you know that only about 50% of small businesses are able to last three years or longer? Do you want to be one of the businesses that is to succeed, profit, and grow?
We know that you do! That’s why we partnered with Steve Strauss, USA Today’s small business columnist, to create a guide dedicated to helping you own a successful business. If you want to be successful you need to learn from those who have been successful in the past. They have lived and worked through the same path you’re about to go down and this ebook helps you take lessons from their successes and failures without having to go through the same struggles yourself.
It doesn’t matter what type of business you are about to start, the lessons are the same! Click on the link below and learn how you can run a business that is as successful as possible.
Best Franchises for Young Entrepreneurs
Politicians, academics, and corporate leaders alike love to proclaim that the "dreams of the youth" will drive our country's economic future. It's a fine sentiment, to be sure, but many of these same leaders, blind to the realities of the modern American (and global) economy, seem to incorrectly believe that these youthful dreams include following the increasingly unreliable path of earlier generations. Get a clue!
5 Reasons Why Franchisees Fail
There are a number of reasons why a franchise can fail. Some of the reasons are based upon a lack of capital and/or particular skills necessary for a particular franchise to be successful. On the other hand, there may be factors that are out of the franchisee's control: a franchise program that has a lack of customer demand or a poor product, for example, can lead to failure despite the franchisee’s best efforts (another example of why the franchisee should have done their research before investing).
How Much Money Can My Franchise Make?
That said, working out the numbers can be challenging if you don't have the proper guidance. Getting to the bottom line requires a basic understanding of franchise accounting, a willingness to do a bit of digging through FDDs / UFOCs (more on these below), and the ability to perform some simple arithmetic to build a basic set of financial projections (your mini business plan in numerical form).