Tampa, Fl - Rick Bisio, franchise consultant, spoke to aspiring entrepreneurs at a meeting held in Tampa, Florida. He discussed franchising as he focused on researching and purchasing existing franchises. The first tip Rick gave the group was, "Be discreet; most sellers will not broadcast that the business is for sale. This is positive for you and for the seller. Selling a business takes time and it is in everyone's best interest if the employees … (0 comments)
1. Be discreet. Most sellers will not broadcast that the business is for sale. This is positive for you, and for the seller. Selling a business requires time, and it is in everyone's best interest that employees and customers don't spend time concerned about "what ifs."
2. Study the franchisor. Do this precisely as you would if you were interested in buying a new franchise. Do this first - before spending time looking into the … (0 comments)
Ft. Lauderdale, FL -- Young entrepreneurs who are looking to enter the world of franchising have learned a lot of valuable information by working with Rick Bisio, a highly respected franchise consultant and mentor for franchisees in training. Rick teaches his students all about researching franchises and choosing one that is right for them.
Rick has discovered that many students are intimidated at the thought of reading and understanding the franchise contract. In one of … (0 comments)
Ugh. It looks and feels heavy and legal. No fun. Scary even. Rest assured that fear at this point is normal and healthy. What you don't know is that the franchise disclosure document you hold in your hands is a lot friendlier than … (0 comments)
Are franchises "bought", "sold" or "awarded"? Is the franchisor's representative in the "franchise development" department or "franchise sales" department? This may seem like semantics but it is at the core of what a thriving franchise relationship is all about.
If you "buy" a franchise it would imply that you have control over the process, much the same as if you were buying broccoli at the grocery store. You simply evaluate the diverse franchises that are available then walk up to the cash register … (0 comments)
Buying a Franchise is Safer than Starting a Business from Scratch. Almost every potential franchisee I talk with has heard this. And it is factual. The whole point of a franchise is that you limit your risk by buying a … (1 comments)
St. Petersburg, Fl - Rick Bisio, a franchise consultant and noted author, recently spoke at a workshop for people considering owning their own business. Rick discussed how to choose a franchise opportunity based on its rate of franchise development. Rick said, "The rate of growth is an important issue. A franchise that grows too fast may seem like a good thing at first, but … (2 comments)
How can you learn if a franchise system is sound? In the franchise book, The Educated Franchisee we believe in sharing knowledge. A little franchise education can be helpful in this area.
One important measure is the system's pace of franchise growth.
Too Fast: Rapid franchise growth may seem like a good thing at … (0 comments)
When you think about owning your own business do you think about the freedom of not having a boss? Do you think a franchise business will ensure your success? Do you see entrepreneurship as a route to a flexible schedule, with no one looking over your shoulder, while you bask in the pride of ownership, and enjoy all that money...
If these are the thoughts you have about owning a small business franchise, do … (0 comments)
Why buy a franchise? Proven franchise opportunities offer formulas for success. When you join a proven franchise opportunity you are handed: •· a tested, proven business model •· up-front training •· tools for success, from computer programs to equipment recommendations to sales … (2 comments)
Wow, what an interesting, and sometimes alarming, month it has been. So far we've seen Countrywide, Lehman Brothers, Bear Stearns and AIG struggle, just to mention a few. So what have we learned?
First we have learned about the risk of being overly bullish in an up economy. Many people thought they could not lose. Everything was going up at a feverish pace and every bet seemed to work out well. Life was easy - too easy - and we should have known better. But these are the obvious lessons, … (0 comments)
"Buying an existing franchise will give you a solid franchise education," said Rick Bisio as he shared tips and information about studying an existing franchise;)
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