The world of franchising can be a thrilling adventure, but even the most exciting journeys can encounter unexpected storms. Economic downturns, shifting consumer preferences, and fierce competition can test the mettle of any franchisee. However, fear not! Valuable lessons for navigating turbulent markets can be found in surprising places, like the ancient Chinese military treatise,…
Franchising may hold the future of a thriving business and a taste of entrepreneurial freedom. But many aspiring franchisees underestimate the complexities involved. Michael Gerber’s groundbreaking book, E-Myth Revisited, sheds light on these complexities, offering a framework to avoid the pitfalls that plague many small businesses. E-Myth: Beyond the Franchise Hype E-Myth challenges the…
The world of franchising beckons with the promise of financial freedom and being your own boss. But before diving headfirst, a potential franchisee needs a solid foundation of knowledge. Enter James Clear’s Atomic Habits, a transformative guide to building habits that stick. This book reveals how seemingly insignificant actions, repeated consistently, can lead to remarkable…
As a smart potential franchisee, you’re not just investing in a brand or a product – you’re investing in a proven system and a wealth of experience that has been honed over years, sometimes decades. A franchise’s time in business is an important factor that should not be overlooked, as it can offer significant advantages…
Whitney Elkins-Hutten is the Director of Investor Education at PassiveInvesting.com, and her remarkable journey into real estate, marked by triumphs and setbacks since 2002, provides a unique perspective on the industry. From overcoming a near-loss on her second deal to becoming a partner in over $800MM in real estate, Whitney’s story is both inspiring and…