You survived the Great Recession, your business is growing again and you see an opportunity to expand. But economic growth is painfully slow and your banker, the ultimate naysayer to rapid growth, refuses to stake your aggressive vision. One solution is franchising your business. “We had been in business for nearly a decade when we decided to franchise, converting our … Read More
Many different demographics have struggled to pull through the recessionary period more than others, and veterans are among the most affected.
Many reports in recent months have shown that the franchise sector has seemed impervious to the widespread hardships of the recession.
Franchising has been an increasingly popular choice for entrepreneurs in the post-recessionary years, as this option yields significant benefits and lacks some of the common risks associated with starting a small business from scratch.
Restaurants are among the riskiest start-up businesses, even for experienced businesspersons. I financed several when I was in the commercial mortgage banking business and had abysmal results. All of the non-franchised restaurants failed within the first two years. One restaurant failed after four months because the owner ran out of working capital. Another didn’t make it because of inadequate … Read More
In an increasingly competitive economy, small business owners have had to find effective methods to obtain adequate financing for their budding company.
As more military veterans return home to a somewhat stifled economy, several organizations have created initiatives to help the demographic succeed in business.
Novel, unique ideas for a business, coupled with strong business planning skills, often combine to create a successful venture.
Many major franchises have stepped up to help small business owners succeed, especially those with franchise finance needs.
While many have struggled to make ends meet during the most recent economic downturn, others have treated it as an opportunity to try out new methods of obtaining higher annual revenues.