Fearing Franchise Losses
Fearing Franchise Losses
As risky as it is, buying a franchise is still a more secure business endeavor compared to setting up your own independently run small business. This fact is probably the one that attracts many small time entrepreneurs to franchising. They are partly driven by their fear of potential losses to take the safer route of franchising.
As a beginner in the world of franchising, you’re likely to hear this sort of topic being discussed in various training courses and seminars held by franchising companies. You may not think seriously of the matter, but you’re likely to face a few bumps down the road and this fear may take hold of you. However, the trick is to get this fear to push you forward through your sales and help you achieve better progress. Except in some cases, people who entered franchising mistakenly become paralyzed with this fear which takes over them and eventually drives their businesses into the ground. Don’t be fooled into thinking that you’re not the type of person to fall into this fear because everyone is liable to it and some prepare themselves better than others.
Be honest with yourself and try to determine whether you do indeed have this sort of fear within you and how you’re likely to handle it in the future.
Fearing Franchise Losses - To learn more about this author, visit Sebastien Page's Website.
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You might need a few pointers if you’re working in franchise sales. This is due to the fact that when it comes to franchise selling, it’s a whole different ballgame compared to selling anything else. This is to be expected because it’s a costly business which also represents a complete alteration of your lifestyle and may just be the key to making your business dreams come true. That’s why you need to carefully think before buying a franchise.
As risky as it is, buying a franchise is still a more secure business endeavor compared to setting up your own independently run small business. This fact is probably the one that attracts many small time entrepreneurs to franchising. They are partly driven by their fear of potential losses to take the safer route of franchising.
As a beginner in the world of franchising, you’re likely to hear this sort of topic being discussed in various training courses and seminars held by franchising companies. You may not think seriously of the matter, but you’re likely to face a few bumps down the road and this fear may take hold of you. However, the trick is to get this fear to push you forward through your sales and help you achieve better progress. Except in some cases, people who entered franchising mistakenly become paralyzed with this fear which takes over them and eventually drives their businesses into the ground. Don’t be fooled into thinking that you’re not the type of person to fall into this fear because everyone is liable to it and some prepare themselves better than others.
Be honest with yourself and try to determine whether you do indeed have this sort of fear within you and how you’re likely to handle it in the future.
Fearing Franchise Losses - To learn more about this author, visit Sebastien Page's Website.
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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Jay Kubassek(Jay's Full Bio: EvanCarmichael.com/jaykubassek) In five years, Canadian-born entrepreneur Jay Kubassek went from selling mufflers at a Midas franchise to revolutionizing Internet marketing with the 2004 launch of CarbonCopyPRO, a online marketing education company, now worth over $20 million with customers in over 160 countries.
As an independent film producer, his upstart film fund Aliquot Films is currently producing a films with Spike Lee and Abel Fererra (starring Ethan Hawke and Dennis Hopper.)
Jay's entrepreneurial spirit is irrepressible. He’s the owner of five companies, a professional speaker and trainer, international real estate developer/investor, extreme sport enthusiast and emerging philanthropist. Jay resides in NYC with his wife Jamie, son Milo and dog Cooper. Visit Jay's official website: www.JayKubassek.com - Visit Jay Kubassek's Website |
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