Archive for the «Franchisees» Category
I attended a webinar a few weeks ago called “Best Practices in Buying and Selling a Business with a Focus on Financing.” It explored the availability of transactional financing to buy or sell a small business. BoeFly.com, an online matchmaking site that pairs borrowers with lenders presented the webinar. Mike Rozman, BoeFly’s co-president moderated the panel with expertise in buying and selling small businesses, financing, appraising and brokering existing franchises.
To start the event, Rozman introduced Beth Solomon, vice president of the International Franchise Association. “The IFA and BoeFly have a strategic alliance in which we’re working together to offer tools and solutions, good advice, counsel, information that our members can use to advance in franchising, especially on the financing side,” she said.
Tasti D-Lite CEO Jim Amos: It’s Time for Small Businesses to Stand Up and Demand Attention from Government
Regulation and new laws are choking businesses, which must speak out.
Businesses have had a tough time since the economic meltdown of 2008. We have been hit from so many different directions simultaneously and rapidly that we have focused on simple survival.
Washington needs to take steps to help small businesses grow the economy.
In the meantime, in response to the economic crisis, the federal government has imposed a raft of new regulations and laws on business owners that, however well-meaning, have served to further strangle small business investment and add red tape to the process of running a business.
Steve Calderia, President of the International Franchise Association, says: “Now is the time to beat the crowd back into the market by buying a business, especially in the franchise industry, which has weathered the recession better than most industries and shows greater promise moving forward than many other categories.”
Entrepreneur Rob Israel believes he has found a winning recipe.
The founder of Doc Popcorn, which sells fresh-popped snacks in flavors such as “sinfully cinnamon” and “hoppin’ jalapeno,” has supervised the opening of 54 franchise outlets in five years and says he is working with another 200 in development.
Mr. Israel would like to credit his product’s popularity for the steady growth. But he also attributes his success to a flexible franchise system that allows local entrepreneurs to buy into the brand at a level that fits their budget.
NEW YORK (MainStreet) — Even with predictions the economy in 2012 is expected to be as fickle as 2011′s, many companies are still setting their sights on growth, so why shouldn’t you?
Last year, Alan Green, a former TV news photographer turned ad pitchman, decided to buy a business that could also serve as his nest egg, according to an article in The Wall Street Journal. But when the 59-year old couldn’t get financing to purchase an ailing Molly Maid franchise in his hometown of Salt Lake City, he applied for a government-guaranteed loan through the Small Business Administration. “I was going to finance it with credit cards, but in just three weeks I had a check in my hands,” Green says.
The International Franchise Association and the National Association of Government Guaranteed Lenders (NAGGL) will offer an introductory training webinar, “Becoming Bank Ready,” for franchisees, franchisors and business leaders Oct. 12 and Nov. 15 at 1:00 pm ET. Led by former SBA senior executive and NAGGL executive Jane Butler, the course will cover how to prepare necessary documents, collateral, assets and personal guarantees, and the latest trends in small business lending.
I graduated from the University of California at Irvine with an engineering degree. I was recruited by IT firms and got hired by a big company. My family was thrilled. But within a few weeks I knew the job and sitting in a cubicle just weren’t right for me. It didn’t hold my interest. I missed the pace and excitement of the restaurant industry, which was where I worked through high school and college. I had worked in a Burger King. The pace excited me.