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And The Systems Will Set You Free ©
Your freedom from repetitive frustrations, damaging profit leaks, and crushing damage to your business reputation is rooted in the least glamorous and most overlooked place. It's buried deep within every single business that still has its doors open...
Fast Track Your Journey to Online Success
No one has ever logged onto the Internet for the first time and started pocketing dollars in a really short period of time. As with all things in life, there is a learning curve.
SOME PERSONAL HISTORY
Just a few short years ago, I was a...
Hire a Virtual Assistant
So, the decision has been made to hire a virtual assistant... Knowing your business needs and clearly defining them will be the first step in the process. A good virtual assistant (or VA) will be asking you these questions and having the answers...
How to be a Great Speaker
Did you know that great speakers are often nervous with butterflies in their stomach before giving a presentation? And there are many actors/actresses who can not speak to live audiences without cue cards. My 13 years as a professional...
How To Profit From Initial Consultations
"I'd love to work with you, but…"
How many times have you heard these words? As a professional service provider looking to grow your business, isn't it sometimes frustrating to hold an initial session with someone who you'd love to work with...
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Franchise Models For Less
I read an article from the Seattle Times this week about a Quiznos franchise that struggled for several weeks just to stay afloat after the owners disappeared. The manager and three employees stayed on with no pay in an attempt to salvage this sinking ship. Things got really bad when food vendors would no longer deliver on credit so the loyal employees were forced to pick up supplies, such as deli meat, from the local grocery store. See Article Here
Stories like this are not typical of franchise models, but, of course, nothing is completely flawless. Franchises are the hottest business model today because they provide a proven system and product that tend to produce very high rates of success. The downside typically comes from the high start-up fees. A typical brick and mortar franchise can run between $430,000 and $750,000 with the majority going to pay for the building, equipment, and supplies. Forty percent of this cost has to come from your own (non-borrowed) funds.
Not all franchises today are
brick and mortar businesses, however. In fact, there are many service franchises that can be run from your home. Entrepreneur Magazine has released it’s spring title of “Be Your Own Boss: 231 Low-Cost Businesses You Can Start Today!” It’s packed with several franchises options that range from $2,200 to $50,000 in startup costs and require small ongoing royalty fees that average under 10%. A great web site for additional information on franchise options is www.franchise.com
If these start-up costs are still a little high, consider starting your own service business. There are several great ideas Dan gives in his audio Turning Your Passions into Profits. Also, stay tuned for “Business Ideas You Can Bootstrap For Under $500!” an e-book that will be available to all of our subscribers for FREE in a couple of weeks.
About the Author
Jonathan R Taylor is the author of The Coach's Career Tips and Resources. He helps his clients Love Their Work! You can subscribe at www.careercalling.com/subscribe.htm.
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