How Online Training can Help Franchises Grow

Online Training
Franchises have made it easier for people to manage their own business. In many cases, it takes less working capital to start a franchise than many other types of businesses. They help provide owners with a good chance of success because of known business names and proven business models.

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Why Buying a Franchise Is Your Key to Future Business Success

Why Buying a Franchise May Be Your Key to Future Success
So you want to be in business for yourself, but not by yourself. In today’s uncertain economy, it is a good idea to have someone who has your back. This is especially true if you are getting in the business for the first time. With a franchise model, that is exactly what you get – a business partner that helps out with marketing and sales, supply costs, and operations. Franchises usually have hones their business model over years and can help potential business owners get off the ground quickly. However, not all franchises are created equal. You need to do extensive research to find the one that is right for you. Here are the tips you can use to narrow your search.

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5-Step Process to Buy a Franchise Business

5-step process to buy a franchise business
Buying franchises in Canada, or anywhere else in the world, entails a long and difficult path to pursue for the untrained investor. However, equipped with the right information and resources, franchise buying can become less painful and a lot safer. We have broken down the process of buying a franchise into five easy-to-establish steps that serve as guidelines on the road to becoming a successful franchisee. Here are some details about these five stages of the franchise buying process:
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How to Revitalise Your Salon Business for Next-to-Nothing

How to revitalize your salon business
Get your salon equipment right, and the rest will follow. Of course, all stylists are looking to strike a balance between low cost salon equipment and high end products, but there doesn’t necessarily need to be a trade-off between the two.
You can save money and retain your favourite supplies – it’s possible! But it’s also possible to get creative with your boutique’s budget. Read on for more information on how to revitalise your salon for next-to-nothing.
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How to Manage Franchise Relationship to your Benefit

Franchisee and franchisor have long held love-hate relationship. They know that they both need each other to be successful, but at the same time, they are constantly disagreeing and fighting over number of issues. While healthy debate and disagreements are beneficial, constant fighting over trivial issues can sap energy out of both franchisee and the franchisor.
For this reason many franchisees feel they should just venture on their own rather than dealing with the tyranny of franchisor. This could be a mistake, however. There are number of benefits of owning a franchise as opposed to running an independent business. As a franchisee, you need to develop a symbiotic relationship with the franchisor and focus on what you want to get out of it. The key is to understand and follow the rules of the game and develop a playbook that will make you a winner. Follow these guidelines when developing the playbook.
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7 Best Practices to Follow When Buying Small Business

Very few decisions have as much impact on your life, as well as of those around you, as the decision to buy a business. This is one of the biggest decisions you will make, other than the decision to get married or have kids. Yet many people jump into this without carefully examining what it takes to run a small business. They get blindsided by the myths about owning a small business and end up paying a huge price, both in terms of money and stress, for a long time. With that in mind, we have compiled 7 best practices to follow and understand before buying a business.
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Are you Working FOR or ON your Business?

On the surface this sounds like a trivial question to ask. After all, when you own your business you are expected to take care of everything. Whether you do it by working FOR or ON your business should not be relevant. However, when you read the question carefully you realize that there is a subtle difference between the two. How you approach it can have long-term implications for you and your business.
So what is the difference between working FOR and working ON your business?
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10 Things (Bad) Franchisor will not Tell you (Franchisee)

When buying a franchise business you should make sure the franchise you are looking to get into is good and will make you successful as well. After all, selecting the wrong franchise can hurt you and may even wipe out your hard earned savings. Below we have listed traps many novice business buyers fall into when choosing a franchise.
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Are you too old to start small business?

When hearing the term entrepreneur most people think of a 20-something, smart looking kid who has just completed high-school or college and is eager to change the world. The images of Mark Zuckerberg or Google founders come to mind. While it is true that many of the famous companies were started by folks when they were in their prime, there is certainly an argument to be made for starting small business by people who are in their 40’s and 50’s.
Popular belief is that many of the people in that age group like to settle down and enjoy their steady lives. But there are number of “old” people who want to try their hands at entrepreneurship and small business ownership. We like to call them “experienced” as opposed to “old”.
So why do we think it is perfectly alright to start small business in 40’s and 50’s? There are number of reasons and they all have to do with what you have collected along the way.
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5 Additional Personality Traits Small Business Owners Need

In the previous post we discussed 5 personality traits small business owners must have to succeed in small business. To recap, they are – risk taker, decision maker, organized, delegator and responsible. Those who do not have these qualities should think long and hard about getting into small business or at least find a way to mitigate them.
We think there are 5 additional qualities small business owners need to become successful. In the following we describe what those qualities are and why they are important.
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