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.…
Today, you don’t even need an idea to start a business. All you need is proven expertise. If I wanted to start another branch of my business, I would always look to hire someone tried-and-tested at running a large operation, over a newer professional. This is what a franchise helps you achieve, and unlike the…
One of the first key reasons I consider business ownership is the wealth potential. Though wealth alone can not define a good life, it is a tool that will allow us to build a nest egg for ourselves and the ones we care for. Twenty percent of the affluent all over the world are retirees.…