A PRESCRIPTION FOR YOU

Have you taken entrepreneurship seriously enough to begin making improvements in you? Check Our Reading List Recommendations

There are a number of areas of critical importance to any business owner or franchisee--many of these are not well taught in most schools. One of the most important to your future success is an Understanding of Accounting-the ability to review a group of numbers and determine the health of a business--is of paramount importance.

Unless you can analyze a Balance Sheet, a Profit & Loss Statement, a Cash Flow Report and the Changes in Shareholder's Equity and clearly understand what stories they tell, you need to improve yourself. Our website suggests several books but today many colleges have courses that will teach you how to understand financial reports.

You do not need to become an accountant, but when your money is at stake, you must be capable of making the right decisions.

If you have Franchising Questions, call The Franchise Doctor at 800 220-8256 Now!

YOU CAN GET THERE FROM HERE!

As you look forward and plan to be in business for yourself in the near future, it may seem almost impossible that all the necessary steps can be completed in 90 days.

If you are ready to accept responsibility for the process, it can happen!!

Here's a short list of the critical steps to take to find, buy and open your new franchise. (For further insight, you may want to review this section on The Franchise Doctor's Home Page entitled "How should you evaluate a franchise opportunity?" )

1. Research the Industry

2. Submit the Franchisor's Qualification Sheet

3. Review the Disclosure Documents

4. Quiz the Franchisor about details

5. Call/Visit Franchisees

6. Meet with the Franchisor

7. Evaluate your town's suitability

8. MAKE A DECISION

9. Sign the Agreement

10. Attend training

11. Grand Opening

Like riding a bicycle--you can learn how by focusing on the basic steps.

If you're looking for an extensive "How to" Manual (120+ pages), please consider The Franchise Doctor's book "Insiders' Secrets to Buying a Franchise."

REASONABLE FRANCHISE EXPECTATIONS

This week my phone rang with a call from a sharp lady from one of Atlanta's upper income suburbs. She is interested in buying a new or existing franchise so that she can reduce the time she spends on the road. Last year she logged 40,000 total miles making sales calls on local companies.

Two suggestions were offered and both met her investment capability, her earning needs and her skill set. Surprisingly, she quickly rejected both because they were too far from her residence. Each of these opportunities is approximately 12 miles from her home. Since both are site-based companies, I noted that 24 miles a day seemed far better than the 160 per day average necessary to reach 40,000 per year.

Her response was that she'd only consider a business "no more than five or six miles distant!"

I'm afraid I failed this prospect by not making her understand that it is not a perfect world. If it were, she might have had the $200,000 needed for a 10-year-old company in her home town. But, with $50 to $60,000, she will probably hunt for a year and then abandon her plans of entrepreneurship.

Are your expectations reasonable?? Have you acknowledged to yourself that we live in an imperfect world? Are you ready to "pay the price" for the success you desire? Few franchisees earn $50,000 in their first year. That may cause some belt-tightening at home as you begin your business. Most businesses cannot be run from your spare bedroom, so commuting will not end the day you begin working for yourself.

Don't set your expectations so high that achievement is impossible. It's time to begin strengthening your family's finances today. Don't make the solution impossible to find by placing self-imposed barriers in the way.

If you'd like to talk to The Franchise Doctor about your plans in Franchising, call today... 800 220-8256 or email jd@franchisedoc.com

Preparing For Your Franchise Future

For years I’ve heard (and believed) the saying, “If you keep on doing what you’ve always done, you’ll have more of what you’ve got.”

Often this was found in a self-help book talking about my career or my selling skills. It makes sense–I bought into it–and adjusted my sails to reach new goals.

But today, near the end of the first decade in this young century, things are moving at a much different pace. Changes happen rapidly–often over night–and “if you keep on doing what you’re doing” someone or something will change and your actions won’t result in the same rewards as was the case just a few months ago.

I’m sure you’ve seen it in your community, in the economy and on your job. What are you doing differently to make sure you don’t get passed by or, worse yet, run over? More reading? More education? Taking a second job? Becoming an apprentice after work?

Have you ever considered the great advantages of owning your own business?

If you don’t see a strong probability of making the kind of money you deserve in the next six months, I’d suggest you consider owning a franchise. As an entrepreneur, you’ll have the franchisor’s proven business plan plus many peers suggesting improvements to the model to make sure it’s changing with the times.

We’ve got a link below to The Franchise Doctor’s website where you can review some great new offerings that can get you started this quarter earning the money you deserve and enjoying your work and a great feeling of satisfaction as you gain control of your own destiny.

In the meantime, if you have any question about how the pace of change will impact you if you “keep on doing what you’ve always done” check out his short independent YouTube video.

At The Franchise Doctor, We Help You Achieve Your Goals Through Franchising.

If you want to control the changes in your future as a franchise owner, review the Franchise Companies that we recommend.

If you’re a business owner wondering if learning how to start selling franchises to your concept could propel your earnings into the future, we have the most economical franchise development program.

If you’d like to make money helping The Franchise Doctor grow, <= Click Here

To start a dialog with The Franchise Doctor in Atlanta, GA, call 800 220-8256 today.