Meet Robinn Scholfield, Advocate for Women and the Franchising Business Model
Periodically, I highlight successful entrepreneurs and share their story with my followers. It could be someone we’ve helped acquire a franchise, someone we met while networking or someone we admire from afar. This post puts the spotlight on Robinn Scholfield, a Kansas City-area entrepreneur who has owned, operated and sold multiple businesses.
If you haven’t met Robinn Scholfield, then you probably don’t know that her mission is to empower women by helping them maximize their personal image. She accomplishes her mission through Image Evolution, her latest entrepreneurial adventure. Judging by the growth of this new business venture thus far, and her track record, she’s well on her way to building another successful company. (more…)
Achieving a better work-life balance is often cited as one of the main drivers behind a person’s decision to invest in the franchise business ownership model. Just what is meant by work-life balance though? Is it working seventy percent of the time while having thirty percent to do as you wish with family, leisure, travel, physical fitness, etc.? Or is it the flip of that formula, or a different balance altogether? (more…)
Why veterans can make great franchise business owners
I believe that veterans have numerous characteristics that can make them successful business owners and franchise operators. Operating a franchise requires a variety of skills – and the military tends to cultivate these skills. Following are the top skills that veterans often gain from their service to our country that benefit them when they operate their own business. (more…)
Today, many people with business development skills and experience are looking for affordable business ownership opportunities. In addition to traditional franchise business models, a number of low-cost business opportunities (also known as “biz opps”) exist for them to consider. The investment range for biz opps is relatively modest, usually ranging from $20,000 to $75,000, and they are well-suited to people with a history working in a business development role.
Biz opps’ low initial investment provides an opportunity for a quick return on investment (ROI). The low monthly operating costs provide the potential for attractive profit margins, as well as great flexibility with work hours. The owner can work as few or as many hours as desired – without any pressure from the boss. (more…)
Okay, love is a bit strong of a word, but I do believe the franchise business model has many characteristics to appreciate. Here are my top five reasons prospective entrepreneurs should consider the franchise business model.
Choose from a wide range of franchise options
Franchising offers opportunities in a wide range of industries. Franchises range from child education to business coaching and consultancy to direct marketing to staffing and recruitment to automotive to quick serve food to senior care to financial services to home repairs to storage systems to hairstyling to fitness centers to – well, you get the idea. There are plenty of franchising concepts to consider. (more…)