Startup
5 Things a Franchisor Looks for in a Franchisee
While in the franchise-buying process, it is imperative that you do your due diligence to ensure that the franchise you choose is a good fit for you, it’s also important to know that franchisors are…
Business Entity Selection and Tax Consequences of Converting
For this post, Brandon Rains, founder of the Rains Laws Firm and an expert on business formation, espouses his observations about business structure changes and I address the income tax reporting requirements of those changes…
When a Company Closes Down: What Next?
Unfortunately, these days we are constantly reading about failed businesses. When a company closes down in the direct sales industry it can have devastating consequences for fearful consultants both within the company and those with other companies….
3 Super-Smart Marketing Tips for Small Business
Small businesses are always in the process of building a loyal customer base, developing unique brand identity and gaining customer recognition. During the nascent stage, most small businesses find it difficult to commit funds towards…
What Gets Us Into Trouble
One of the most often asked questions I receive during podcast interviews is, “What advice would you give your 20-year-old self?” This is actually one of the easiest questions for me to answer. There are…
10 Mindset Checks Before You Start a New Business
Making the decision to start your own business is a major commitment, with huge implications for skills and lifestyle. Yet there is no standardized testing or certification required or available anywhere to help you decide…
Millennials and Franchises: What You Need to Know
Forget Baby Boomers. The demographic that is quickly forging its own path in the franchise world? Millennials. Millennials, aged 18-34, now outrank the number of Boomers on the planet. And their numbers are turning up in…
How Good Branding Runs Deeper Than Graphics and Typography
Have you seen what Amazon is doing for Goodwill? You take an old Amazon box, fill it with items you want to donate to Goodwill, print out a label via the Amazon website, slap it…
What About Business Schools and Creativity?
I’m generally an advocate of education over ignorance, but there is the issue of business schools and creativity. A business professor’s wisdom The best class I took at the Stanford Business School during my MBA…
How to Develop a Marketing Plan for Your Franchise
At the fresh start of a year, it’s only natural that you’d start thinking about your franchise’s marketing for the next 12 months. How will you improve upon what you did last year for even…
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