The Baby Boomer population just doesn’t want to quit working, and are changing their path by leaving their past positions to become entrepreneurs. According to the Small Business Survey, 84 percent of new businesses in America are opened by individuals who are considered part of the Baby Boomer generation. It’s no secret that investing in…
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Franchise Friday hose Brendan Major was joined by The Entrepreneur’s Source and AdviCoach franchise owner Susan Strong. In this podcast, Susan addressed some of the skills that she has acquired during her past work experiences in corporate human resources and how they have helped her clients succeed. About The Entrepreneur’s Source Franchise Owner Susan Strong…
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Entrepreneur.com’s recent article titled “Would You Make a Good Franchisee?” highlighted The Entrepreneur’s Source Terry Powell, founder of E-Source. The article featured video footage of Terry Powell from the International Franchise Expo speaking about the high success rate of franchise business models and using franchises as a “vehicle to drive the results that you want.”…
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A growing number of Baby Boomer parents and their recent college graduate children are pairing up and entering the franchise world together. “Family franchises” offer easy-to-follow systems and combines the many benefits of business ownership with a brand name, experience, proven operating system, and ongoing guidance and support provided by an established franchisor. State of…
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The best franchises are founded upon scaling and replicating winning and effective business processes. In the corporate sector, a similar idea is often called the “Six Sigma” model. The Entrepreneur’s Source franchise Explains Six Sigma? Many corporations utilize the “Six Sigma” model in order to improve the capability of their business procedures. Six Sigma is most…
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An increasing number of businesses, big and small, are replacing their old computer systems with cloud technology. A survey by McKinsey & Company found that 63 percent of business professionals agreed that adopting cloud technology yields a more agile and responsible business. The Entrepreneur’s Source reviews the advantages and disadvantages of franchises and small businesses…
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There are countless do’s and don’ts of franchising, and the Entrepreneur’s Source has insight into many of them. Recently, The Entrepreneur’s Source was featured in an article on Inc.com focused on the do’s and don’ts of franchising. Franchises rely upon the duplication proven systems and concepts of businesses, and this is essential for entrepreneurs to remember….
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In the past, entrepreneurship used to be viewed as a risky business. Although putting all of one’s eggs in one basket to open a business may seem daunting, it may be becoming the safer route to success. The inconvenient truth for many professionals is that the stagnant job market of today’s economy is making career…
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It’s common to get burnt out after spending years in corporate America. In fact, only about one third of workers in the U.S. are truthfully engaged in their career, leading to an increase in those experiencing Battered Career Syndrome. With minimal job security, these employees work extensive hours for low pay and ultimately get exhausted…
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Many people have concerns before they enter into the franchising industry, but several of these concerns can turn out to be fallacies once further explored. Common misconceptions can oftentimes rob potential franchisees of a rewarding career in the franchising industry. The Entrepreneur’s Source reviewed “The Top 5 Myths of Franchising,” but today The Entrepreneur’s Source…