You don’t necessarily have to quit your day job to become a franchise owner. Not all franchise concepts need an always-present franchisee at their location. Instead, many franchise concepts solely require a semi-absentee owner with a smaller time commitment to work on the business. Below, The Entrepreneur’s Source explains the ins and outs of the…
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Many people have a misconception about franchise business coaching. A franchise coach is not the same thing as a franchise consultant or even a franchise broker. It’s a franchise coach’s job to help prospective franchisees discover the realm of the franchise industry and how investing in a franchise can bring an individual closer to meeting…
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When prospective entrepreneurs are first researching opportunities to invest in, they commonly start their research on the Internet, and for good reason. The Internet can be a powerful tool when trying to evaluate whether a potential opportunity might be a good fit for a future franchisee. However, there is a dark side when it comes…
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Over the past few decades, the financial influence of minorities in the U.S. has been steadily rising. According to the 2010 Census, American citizens that identify as minorities – Asian, Hispanic, African-American, Pacific Islander and African Indians – make up 49 percent of the population. These groups are on the brink of creating a “new…
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In the past, many prospective franchisees aspired for franchise ownership largely due to financial reasons, but today, many of these prospects are more focused on the lifestyle that franchising brings. “When I ask clients why they want to start a business, the number one response isn’t money: it’s lifestyle,” said Susan Mell, business coach at…
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After serving for 24 years in the U.S. Army, Sergeant First Class Ron Adams was at a crossroads, not knowing what his next career move should be. Ron decided to attend the U.S. Chamber of Commerce’s Hiring our Heroes Career Fair in 2013, and attending this event helped him pave the path to his future…
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As the demographics of America continue to change, it’s important for American businesses to adapt accordingly to accept a more diverse audience – promoting inclusion. This rapid pace of changing demographics accompanied by population growth has created unique opportunities for minorities wishing to enter the franchising sector. Obstacles Facing Minorities in Franchising However, when American minorities…
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If you’ve contemplated becoming an entrepreneur but aren’t sure where to start, then The Entrepreneur’s Source’s Start a Business Weekend (SABW) is the event for you! SABW is a digital franchise expo that has the potential to benefit anyone with the dream of owning their own business. This three-day, cost-free digital franchise expo offers current or…
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With the increasing number of minorities making up the U.S. population – reaching 49 percent – many of these individuals are turning to entrepreneurship, and specifically franchising. Franchising has been an attractive career path for minorities because it offers people a chance to acquire new skills, pursue a different career path, likely even one that…
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It’s that time again! The Entrepreneur’s Source’s celebrated virtual franchise expo, Start A Business Weekend (SABW), will be held this month from September 18th-20th. However, this month The Entrepreneur’s Source is trying something new and fun to excite and pump up SABW attendees. The Entrepreneur’s Source Start A Business Weekend Scavenger Hunt To rally up…