New Study – Why People Who Run Franchises Are Happier
For more and more people, Sunday no longer feels like the weekend.
A recent Monster.com poll reports almost 60% of Americans report that they get the Sunday Night Blues "really bad."
So what happened to Sundays?
In short, as professional unhappiness rises in America, it's creeping into your weekends.
Let’s look at a typical weekend to see what happened to the happy Sunday: After a Friday night of resting up after a long week of work, you just had an amazing Saturday. Whether it is a day playing with the kids, seeing friends you haven't seen in a while, or eating at your favorite restaurant, for most people Saturday is still a great day.
Even Sunday got off to a good start, but then come those Sunday Night Blues that 60% of Americans feel.
The good news is that another study has shown how people are reversing these Sunday Night Blues.
According to a quarterly survey by Vistaprint, "the vast majority of micro business owners are optimistic about running their own businesses, with 78 percent reporting that they are either happy or very happy."
This makes sense, as one of the proven keys to happiness is to be a part of something greater than yourself. For many franchise owners, this is the reason why they start a small business in the first place.
They know that the way to take back your Sundays is to take control of Monday – Friday!
So what do you do if you are interested in taking control of your work life but do not know where to start?
Opening a franchise is one way that people are becoming their own bosses and becoming part of the 78% of people that are making their lives more enjoyable. A great place to start is by following the steps below to see if there is a franchise that fits your lifestyle:
Step 2: Select a few franchises that you think would be a good fit for you
Step 3: Get started toward shedding those Sunday Blues!
Franchisors Exposed to Liability Based on the Conduct of their Franchisees
Facts that have been considered relevant to whether a franchisor might be exposed to vicarious liability regarding the conduct of its franchisees include:
Should Franchisors Consider Private Equity Investments?
How can you be sure it’s the right choice for you? We asked Glen Kaufman, Managing Director at American Securities, a private equity firm with a consistent track record in the industry. The middle-market firm invests in companies with revenues ranging from $100 million to $1 billion.
Before Buying a Franchise Identify Your TRUE Investment
Your approach as a potential franchise buyer is to identify the real investment dollars you’ll need to get the franchise to profitability. The initial source of this information is Item 7 in the FDD. Item 7 is a schedule that details the estimated investment in the franchise. This schedule includes the cost of various items, including: the initial franchise fee, training related expenses, rent, insurance, professional fees for legal and accounting services, supplies, equipment, licenses and permits and additional working capital. Depending upon the specific franchise, there may be added categories. When reviewing the Item 7 schedule it’s important to know that franchisors are not required to list every type of fee or expense that might be part of the investment in the franchise but rather the likely investment needed to start the franchise. As you work to establish your investment number keep in mind the words “estimated” and “typical.” Item 7 is a guide, and as such, you should use this information accordingly.