Strong leadership skills, understanding of teams, following procedures with precision, and comprehensive training expertise. This is how Franchise Business Review reported why veterans are successful in franchising. According to a progress report that was prepared for the International Franchise Association (IFA), 97% of franchisors indicate that veterans are a good fit as franchisees within their…
You’ve heard it said there are only two things you can count on in life and that is death & taxes. I would contend there is a third component you can bank on, “Things deteriorate over time”! There is an actual chart that accountants use to apply to the life expectancy of products that are…
There are dozens of leadership styles. Here are some questions I often see new franchise owners ask as they explore what kind of leader they will become when they own a new business. Is a franchisor supposed to be the leader of its franchisees? Are franchisees supposed to govern themselves? How does leadership play a…
Most Americans will agree that a big part of the “American dream” is business ownership. Many believe that the percentages are as high as 70%! If this is true, why don’t most Americans actually become business owners? As with many new frontiers, fear can be the biggest obstacle to overcome and prevent many people from…
At 63, I’ve had my share of hard knocks. I thought my career was nicely mapped out as a real estate executive. Little did I know my company would relocate its entire portfolio overseas. With their move went my job. Being let go so suddenly taught me not to tie my self-worth to my job.…