Welcome to 2018 – Seeing the Future!

  As 2018 starts, the news will be full of predictions for the upcoming new year. We’ll all make resolutions that most of us won’t keep and life will go on. Over 100 years ago, people were doing the same thing and, John Watkins, a reporter, had some eerily accurate ones to show what the next 100 years would bring.

Since the year was 1900, that meant that the average American only lived 48 years, families had about four children (one ...

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Thinking of Creating a Video Course?

The explosion of online teaching websites has created a need for high quality educational (and entertaining) content to fuel the curious. You used to have to find a workshop or training you could attend in person to discover all the things you need to learn, but nowadays training is as close as your computer. You can learn how to create a spreadsheet, fix a leaky refrigerator and even get a certification in inbound marketing. The possibilities are limitless.  But if ...

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Should You Use a Franchise/Business Broker?

If you’ve decided it’s time to move on from your business, you will most likely investigate using a broker. Unless you have a ready made pool of prospects to choose from, you will have to find some way to let people know your business is for sale. Not just anybody can sell your business, however, so here are some things to consider:

 

  1. Confidentiality – you may not want your customers to know you’re selling the business. They may assume you’re going ...
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What’s Your Exit Strategy, Small Business?

Any new business owner is understandably excited about building a business and looking forward to the future. There’s dozens of things to do, decisions to be made, and a whirlwind of items to tick off a list to finally open your doors. The feeling of having something of your own creation can be power packed. But what many business owners fail to think of is the distant future where they may have different lifestyle needs and want to bail out. ...

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What Most Entrepreneurs Don’t Want to Know About Starting a Business

The thought of owning their own business is enough to make some people giddy. Dreams of kicking back by the pool with a tropical drink in hand while someone else is running the business and bringing in the cash, flitter through their mind. They know they may have to work, but most have no real feel for just how hard. The majority have no idea of just how long it may take to make a profit so that you can ...

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How to Choose a Location for Your Business

In real estate, the old adage is that location is EVERYTHING! And for the most part, that’s true in the business world too. If you want customers, go where they live. You must check out and research multiple components of the decision of where to locate.

  1.  What are the demographics? Lots of companies provide information on the average income, the cost of homes, how many families are close by, what types of businesses there are and a host of other items. ...
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The Five Best and Five Worst Things About Franchising

If you’ve ever wondered what it would be like to own a franchise, here are some of the reasons franchises can be great and some of the reasons franchises may not be a good fit for you.

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The Best:

  1. A good franchise is a business in a box. Open the box and out pops a ready-made business. You don’t have to do all the work of creating a business from scratch.
  2. The best ...
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Entrepreneurs Just Won’t!

     Before I opened my first franchised restaurant, I visited other franchisees of the same company and watched their operations, talked with the owners and toured their facilities. Although I saw many things I vowed not to let happen in my business, in my discussions with the other owners, everything was always “great” financially. They may have complained about employees and their work ethics, the franchisor and their narrow minded ways or the customers that demanded, rather than asked, for ...

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Can You Be Overly Optimistic?

For an entrepreneur, being optimistic seems to be a fundamental, basic value. If an entrepreneur isn’t positive, then he/she would likely never be an entrepreneur in the first place. That “can do” spirit is a lot of what drives anyone to start their own business and believe they can do it. It’s usually good and makes people try new things, move forward and keep their eye on the rewards.

However, there is a concept called “unrealistic optimism.” This idea says that ...

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The Hardest Lesson I Learned as a Business Owner

It can’t be helped, I’m an optimist. And I have always loved to learn new skills. I used to assume that anyone that had a job wanted certain things from that said job… satisfaction, the opportunity to advance, the ability to learn new things (aka better themselves), being able to add more skills to their resume, an atmosphere of fun as well as hard work, and well, you get the gist. Perhaps I was projecting what I had always wanted ...

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