There sure is a lot of advice out there as to which franchised outlet you should buy. Often franchise buyers go to a store, and they see people waiting in line buying a product or service. If the line is really long, it looks as if the franchisee is making lots of money, and all of a suddenly a light bulb goes off in their head, and they think that might be a good franchise to buy. Of course, there’s a problem in all of that, especially if the franchised outlet is selling some sort of product which is part of a fad.
We all know that Fads and trendy products come and go, however, we also know that the franchise relationship is a little more permanent, and often the franchise term in the agreement is 10-years. What if you bought a franchise and the fad faded, and you were stuck with a franchised outlet that wasn’t making any money because people were no longer waiting in line to buy your products and services? It happens and it happens all the time, and many franchisees have gone bankrupt due to such situations. You see, they thought they were getting in on the ground floor, and they got in at the height of the fad, and it was all downhill from there.
Still, what I’d like to talk to you about is not the franchisees-side of this equation. I’d like to talk about another topic. Yes, there are lots of articles, and lots of advice out there telling franchisees to stay away from trendy and fad type businesses. But there are not a lot of articles and advice telling franchisors which categories and industries make sense for franchising, or don’t. Many entrepreneurs believe that they can adapt quickly and change, and if the fad ends they will merely jump on the bandwagon of the next newest thing.
Indeed, a small business person can do this in their original outlet, but once a franchise organization gets big, it often cannot turn on a dime that quickly. Meanwhile the franchisees start having problems, start missing their royalty payments, and this hurts the franchisor’s cash flow. Meanwhile the franchisor cannot sell new franchises rapidly enough to keep the game going, and a cash flow crunch ensues. If your franchise system sells a trendy product, you better make sure that it is agile and can adapt very quickly as that fad fades into the future. Indeed I hope you will please consider all this and think on it
Jun 01 2011
If Your Franchise System Sells a Trendy Product, Can It Adapt Fast When the Fad Fades in the Future?
May 09 2011
Advice For Rough Times – How to Change Your Karma
The EST guru, Werner Erhard, used to say jokingly, “Your karma is what happens to you and what happens to you is your karma.” When things are going well for us, that type of circular reasoning might be funny but when nothing works and it appears that the sky is about to fall on our head, nothing is funny. Least of all, jokes about karma.
It has happened to the best of us. Dark periods when nothing works and worst of all, when we don’t even know where to turn in order to change our luck, our karma or whatever you want to call it. That’s usually the time when fear shows its ugly head and cold chills start running in the back of our neck. Something needs to be done but we just don’t know what.
When that happens, it’s time to change our pattern of thinking. As Albert Einstein so aptly said, “Problems cannot be solved by the same level of thinking that created them.” When loom and doom gloom it’s time for a shift of paradigm.
The focus must leave the outward circumstances and turn toward ourselves because we are the source and the generator of those unwanted circumstances.
We must accept responsibility for whatever is happening to us. Not an easy thing to do. There are thousands of excuses that we could use to explain our dilemma but those are useless and there is no way that they could help us turn the situation around. It is only be accepting responsibility for a situation that we can change that condition.
Accepting responsibility is not an easy thing to do. The reason for that is that responsibility seems to imply culpability also. This should not be the case. If we take a bad decision and things go sour, we are responsible for that decision but there is absolutely no culpability involved.
We did the best that we could with the available information. Our judgment may have been faulty but that is not a reason to feel guilty about it.
We are the source and we are the generator of whatever happens in our life. Bad things do happen and when they do, we are left with two choices. We can blame outside circumstance, have the satisfaction of having been victimized by circumstances and go on with our sorry life. Or we can take responsibility, learn from what has happened, look inside of us to see what it is that we could do to help the situation and grow in the process.
Taking the responsibility stance is the strong and mature thing to do. It puts us in the driver’s seat and gives us the feeling of being in control of our life. No time is wasted and lost on futile recrimination. We are the Captain of our ship and the Master of our soul. Not some poor helpless victim who has been unfairly treated by life or the Universe.
Great men and women always took personal responsibility for whatever happened under their watch. It would have been easy for them to shift the blame for failure to someone else. The reason that they did not is not the fact that noblesse oblige. It is because they understood that when you’re a leader, you take responsibility when things go wrong and you credit others for the successes.
Not only is that the hallmark of greatness but it’s also the most effective way of leading a nation, an army or a personal life. We are the source; we are the generator of whatever happens in our life. That’s a metaphysical axiom and a time tested effective way of conducting our life.
I am the source; I am the generator of the unfolding of my life. Courageous and effective words. They hold nobility and effectiveness. We should never settle for less.
Dec 15 2010
How To Find The Best Webinar Company?
Every business owner knows the importance of regular meetings and seminars. Earlier the concept was of seminars, which have now moved to a more user friendly and more techno version known as webinars. Webinars have various benefits like cost effectiveness, time saving device, provides greater overall viewership, and gives a better understanding of the message to the viewers in a quicker way. All these benefits have made this technique very popular amongst the business owners, especially the smaller ones. If you want to get benefits from this service then you must take advice of webinar provider who are highly efficient in this field and can guide you in a better way.
If you taking help of a professional then you would have a better understanding of what you are doing and managing webinars would be easy. Initially you might face some technical issues which can be resolved with the help of these webinar experts. These webinars are high tech stuff so some troubleshooting issues do arise at times but under expert guidance it all gets easily solved. While choosing a webinar company make sure they understand your business needs thoroughly and give you the best programs to fulfil those needs effectively. There are webinar providers who believe in the concept of one size fit all, which is probably not the best attitude. Such companies lack the confidence or expertise in this area and are just the misguiding forces which can even harm your business with their wrong concepts. It is advisable to be little careful at the time of selecting your webinar company.
Choose the webinar providers that have experience in facilitating webinars. Their experience help you in strategizing in a better and detailed way like analyzing the target market, getting the right audience, maximizing invitation acceptances, presenting the concept in a professional way and so on and so forth. Also check for the methods utilized for the webinars. These webinars are run on real time using live video feeds. You have the freedom to see the webinar sitting in your office and interact with the audience who are participating from their locale.
Make use of this facility and grow your business presence fast and effectively.
Sep 03 2010
Debt Settlement USA – Is This Your Best Option For Debt Settlement?
Everyone has heard of Debt Settlement USA, they are well known for being able to help you eliminate your debt. There are many people these days that want to get rid of their debt, but are unsure if this is the right choice to make or if another company would be better. To help you make a more informed decision, there are some important things that you need to know about them.
The first thing to know is that they are based in Scottsdale, Arizona and are one of the largest companies around that is still providing help for many people to get away from the viscous debt cycle.
It is always a smart idea to do your own research on this company to check them out for yourself. This will help you learn a lot of useful information about them to make a more informed decision. Also, check with the BBB about this company or any other company for that matter, before hiring them for help with your debt
settlement.
An important thing to know before hiring this company is that in order to be able to hire them, your debt needs to be at least $12, 000 in unsecured debt. The debt can include things such as medical bills, hospital bills, overdue rent, credit card debt, personal loans, past due water bill, past due gas bill and even a past due electric bill.
One interesting thing to know about this popular company is that they have an electronic enrollment system that allows anyone to sign up fast and easily so you can get started on the road to being debt free that much quicker. Check this out more for yourself before deciding if it is right for you or not.
Now, before hiring this company or any other company, you need to make sure they can offer you certain things. Some of the most important things they should be able to offer you include:
1. They need to be able to lower your monthly payments.
2. Can help you save as much as 70% on what you owe.
3. Help to be debt free in 12 to 60 months.
4. Advice that is fast, friendly and right for your debt settlement.
Always take the time to research Debt Settlement USA or any other company before deciding to hire them. Be sure that they are your best option for debt settlement because this is too important to make a rush decision on. The best company needs to be hired for help in order for you to eliminate as much debt as possible.
May 16 2010
Credit Card Debt Management – Way to Fix Card Debts
Did you ever think why do you use the credit cards? Yes, to meet your needs and this is the most basic reason. But, probably you had never thought that someday this may lead you towards debts. Well, today when there is one or other type of cards every where luring you just cant help but using them. Ultimately many of us in this way get debts because of multiple cards and their unpaid bills clubbed with a number of interest rates. However, there are solutions too like a proper credit card debt management program.
When you get clogged with debts related to cards, this is simply because of multiple uses. So, your first task in this matter would be to reduce your use of the cards and if you can do this, you are half done with your unpaid debts.
Anyway, there are more important steps. In the second and the final step you need to take the aid of debt consolidation loans where you mush up all your existing debts into a single loan through which you pay back all your debts. This loan is again payable at single interest rate. Single loan with single interest is however, far better than multiple unpaid debts and you won’t disagree at this point. Well, these loans you can get again in both the regular loan formats, secured where loans get cheaper because of collateral and the unsecured where loans are advanced without collateral.
Besides, there are counselors also giving valuable suggestions regarding management of card related debts. However, all these benefits you can grab online where from loans to counseling and advice, everything you can get at your tips without any hassle.
Credit card debt management is not a fixed plan to tackle debts, it is in fact a process that involves your action also very much with a beautiful loan package to help you out. You can easily get yourself off the hook once you adopt the right way with a torch of management plan in hand.
« Previous Page — Next Page »