by Larry Reed | Aug 13, 2014 | Franchising, News
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…)
by Larry Reed | Jul 24, 2014 | Franchising, News
I wrote this post because I thought you would like to know about my evolution as a business professional and entrepreneur. The rest of this message explains my current business, describes the services that I believe can help people become business owners themselves and a says bit about how I came to be a full-blown entrepreneur. I hope you find it interesting, or at least indulge me in this post, and perhaps respond with your own reaction to my entrepreneurial endeavor.
Franchise Strategy Partners
The name of my business is Franchise Strategy Partners (FSP). FSP exists to help people learn more about franchising as a way to be an entrepreneur, provide oneself a living, invest in a winning business model or otherwise participate in franchising for a number of other sensible reasons.
I personally walk my clients through a process that allows them to learn about the franchise business model, review the many franchised businesses available, assess their own skills, experience and aptitude for operating a business, build a financial model and ultimately select a franchise. I also help existing franchise owners find ways to improve their business operations, as well as buy or sell franchise units.
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by Larry Reed | Feb 4, 2014 | News
According to a recent New York Times article, a growing number of parent-child partners are buying into a franchise together. The trend of parents buying franchises is thought to be in response to the poor job prospects encountered by young people, including college graduates. Referred to as multi-generational franchises by the franchise industry, “they are becoming increasingly common for job-seeking parents and children who have an entrepreneurial urge but not the experience or confidence to start a business alone.” The article’s author, Ian Mount, says that laid off parents and their unemployed children are often attracted to franchising because they offers easy-to-follow systems.
by Larry Reed | Feb 2, 2014 | News
About 20 percent of all new businesses were started by entrepreneurs aged 50 to 59 years, and 15 percent were age 60 and over. That’s according to a study by the Kauffman Foundation and Legal Zoom. Over the last decade, the highest rate of entrepreneurial activity belongs to those in the 55-to-64 age group.
