From the monthly archives:

February 2009

Franchise Entrepreneurs Know Nothing Is Impossible

February 28, 2009
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The first lesson I learned from John Kinch was that franchise entrepreneurs expect the impossible. Since I would eventually work with more than 100 such entrepreneurs, mostly the founders and CEOs of franchise companies, it was the best first lesson to learn.
But I gotta admit, at first I thought Kinch was just impossible. And some [...]

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Your Next Phone Call Could Be Worth Millions. Please Answer It!

February 27, 2009
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One phone call from a stranger 30 years ago has resulted in a journey that I could not have imagined or created in any other way. The stranger was a franchisor, a term that I didn’t recognize at the time. He had a writing project and said he needed my help. Today I cringe at the thought of what might had happened had I not answered my own phone back then. What if I had had Caller ID . . . or an administrative assistant? Fortunately I had neither. Fortunately that call created a new world for me. The next time your phone rings, there might be a new world in store for you, too!

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Are You Being Bombarded?

February 25, 2009
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All of us are suffering today because we’re being bombarded by too much information. Most of our incoming information distracts more than it helps. Do yourself and your business a favor: Stop the noise!

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Perfect Practice Makes Perfect

February 20, 2009
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Perfect practice makes perfect . . . but only if you know what to practice! Franchisors and franchisees who devote most of their times to customers that do not produce the best results are not practicing perfectly. In fact, they’re doing more of what isn’t working when they need to do the opposite to succeed in their business.

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His Lifestyle Was So Important That He Made Sure His Business Succeeded

February 18, 2009

Everyone thought that serial franchisee Mike Ciaramitaro had “secrets” that could help them achieve greater success. Little did they know that Mike spent much of his time at home during the day watching reruns of his favorite TV shows. How’d he manage to build a business that supported his enviable lifestyle? It was all in the numbers!

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Is Your Ladder Leaning On The Right Wall?

February 17, 2009
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The senior pastor of North Coast Church in Vista, CA told franchisors, franchisees and suppliers how they can grow a business and still have a life when he spoke at the International Franchise Association’s annual convention earlier this week.

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Franchisor, Franchisee: Will Your Business Grow In This Recession?

February 16, 2009
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40-year franchise operator, Jim Bugg of Decorating Den, explains that his business experienced its greatest growth in a previous recession. He sees no reason why franchisors and franchisees shouldn’t expect to expand their businesses in this recession. There are several things you can do to make sure your business maintains market dominance and expands in spite of the economy.

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President Clinton Tells Franchise Community: Recovery Is 15 To 24 Months Away

February 15, 2009
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Former President Bill Clinton encourages the franchise community to be optimistic and says the future will be more dependent on small businesses. He outlined plans for the future economic recovery when he spoke to more than 2,000 participants at the International Franchise Association’s 49th annual convention.

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“What Will I Do If My Franchisor Fails?”

February 14, 2009
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A recent article distributed by the Associated Press quotes Scott Shane, professor of entrepreneurial studies at Case Western Reserve University, stating that three-quarters of all new franchising companies go under within the first 10 years.
True or False?
I don’t know. I’m not familiar with Prof. Shane and the article doesn’t say how he arrived at his [...]

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Now It’s More Important Than Ever To Seek Good Counsel

February 13, 2009
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The recession has got a lot of franchisors and franchisees in a state of worry, and understandably so. What’s going to happen to my business? The news media are no help as they continue to report more doom and gloom. And more doom and gloom. It’s enough to create a panic, and it has among [...]

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Welcome . . . For Some, It’s Been A While!

February 12, 2009
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Welcome to Franchise Mastermind and thanks for viewing my blog. For some, welcome back! As you may know, I experienced an unplanned interruption of my blogging and work in general. But I’m back now and ready to rock ‘n roll. 
Along with using this site to blog, I’m going to provide valuable information to franchisors and [...]

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