Startup
8 Tips for Quantifying Traction in Your New Venture
What is the definition of traction for a business startup today? According to most investors I know, traction is some clear evidence that the “dogs are eating the dog food”—usually meaning that you have at…
Do You Want to Control Your Business Destiny?
There is nothing quite as thrilling in business as igniting a startup and watching it blossom. Especially when starting a company with personal savings or money from relatives and friends, early signs of success are…
Franchising: Your Escape from Corporate America
Corporate America provides you (and your family) with stability. It gives you a steady paycheck, health benefits and more. All you have to do is work…which can sometimes seem like a life sentence. You slave…
5 Tips for Small Businesses to Thrive in Big Business-Dominated Industries
It is easy for small businesses to get intimidated in a competitive market place dominated by big brands. Even though many startups enter the market with much enthusiasm and motivation, they sometimes succumb to the…
7 Tips to Test Your Idea as a Part-Time Entrepreneur
Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough…
Money is Not the Only Measure of Success
I am sure you heard of Maslow’s Hierarchy of Needs that motivate our behavior, in which Abraham Maslow laid out a human’s needs—from the physiological, to safety, then love and belonging, on to esteem and finally…
Tips on Hiring Exceptional Staff
While it may appear that the title of this week’s FranNet blog makes a lot of assumptions about your future, we say it never hurts to be prepared. When you take the entrepreneurial plunge, you…
5 Keys to Minimizing the Burn Rate for Your Startup
Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you…
6 Ways to Promote Transparency in a Startup (and Why You Should)
Transparency in the workplace is both a mantra and a model. While it’s true that transparency has become a bit of a buzzword, when actually put into practice it can have a real impact on…
Franchise Funding: Preparing to Finance Your Franchise
So, you’ve identified the golden franchise opportunity that suits your skill set and needs. What’s next? Funding. Two significant expenses to consider are the initial franchise fee and ongoing royalties. The franchise fee is the nonrefundable, one-time price…
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