Small Business Franchises

© Oxford Business Group’s series of publications are renowned as the leading source of economic information for nearly …

© Oxford Business Group’s series of publications are renowned as the leading source of economic information for nearly …
Despite its relatively small population, Kuwait is firmly placed among the world’s most attractive and popular markets for international retail franchises.

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Attracting the Right Employee Saves Time and Money

Attracting the Right Employee Saves Time and Money
SOUTHBURY, CT–(Marketwire – 08/31/10) – Business ownership is on the rise and the entrepreneur segment is the only one adding new jobs to today’s economy, according to AdviCoach, the premier source for business coaching and advisory services customized for small to mid-size businesses. In this environment, AdviCoach maintains that business owners can benefit greatly from creating an Employee …

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Reportlinker Adds Drug Delivery Technologies: Players, products & prospects to 2018

Reportlinker Adds Drug Delivery Technologies: Players, products & prospects to 2018
Reportlinker.com announces that a new market research report is available in its catalogue:

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Small Business Secret #2 – Build Your Business Knowing How You Will Exit The Business

Creating a small business from nothing is easy to do anyone can do it, by simply filling out a few forms at a government office and then you have your small business. Making it successful is the hard part but also knowing how to get out of your business is as important to your business as owning it. Way to many people startup small businesses but then have no idea how they are going to exit it and in the end the way they build their business in many many cases results in them not getting the windfall they had hoped for.

Let me be really honest with you, if you build your business correctly and make it successful, you can make millions, but you can cost yourself money in not knowing how you will dispose of it and building it in away in which selling is not easy.

Now, I hear it now, but are not all businesses built the same way?

Well in fact no and if you structure your business in the wrong way, it can affect your ability to offload your business.

So what are the ways business owners can exit their business?

Let me list them straight off -

1. Sell to another small business owner
2. Sell off Franchises and Areas to Master Franchisors
3. Sell your business to an Equity Group
4. Sell Shares in your company to other people
5. Publicly List Your Company Shares

The first secret to building a Successful Small Business is to know how your business will look when you are finished. Now based on what your vision of your business is will depend on which of the 5 options you will take.

For example, my team and I are developing a new business that we have decided in three years will be publicly listed. The way in which we are designing this business is very different to how we are growing and building our other businesses. For example, our car cleaning business has been designed specifically to be franchised which has meant we have essentially built each area as its own small business that is profitable for a single operator and will bring them in a good weekly wage and small profit on their investment.

In designing our publicly listed company we have to treat it in a different way so that it is designed to meet the needs of serious investors like institutional buyers. Now by know way am I saying I am an expert in this area but some companies are more suited for public listing than others.

For example if you are building your company for a listing on any of the worlds stock exchanges, investors are looking at three core areas -

1. Good Solid Business Growth (double digit growth)
2. Solid growing profits (double digit profit growth)
3. High Potential for Share Value Growth

If your business does not have those elements then you could be punished in a big way on the stock market with a low share price and in many cases you can loose more money than you make. A few years ago I bought into a small diamond mining company because of this one reason. The share price of the company had been savaged by the bigger players and in those players driving the share price to on 1 cents a share, simply because its potential for high share value growth and profit return per share was simply not there. What happened in the end was that the Publicly Listed Company was bought out by an equity group and was changed to a privately owned company. I actually bought the shares for less than 1 cent a share and the cool part for me was that I made a couple of 100% profit on those shares, but those people who invested when the company was publicly listed lost a large amount of their investment. This really drove home to me that you need to be careful about what you do when you want to get out of the business. In this case, publicly listing the private company cost the owners and shareholders more, than if they had of stayed private.

In the end the company which had an initial listing of 10 million dollars sold for a couple of million dollars. The original shareholders lost an investment of over 8 million dollars. The owners would have been better off keeping the company private and selling it to another mining company or a publicly list company. The reason I know this to be true is because the private equity group did that just 18 months later and I know they doubled their money.

On the other end of the scale, do not just sell your business to anyone. When you build a small business, one of the things that will happen is that you will build a very close relationship with your clients and many of them will become friends. Make sure that when you decide to exit the business, that you talk to your existing customers prior to exiting because getting the wrong person into your business can hurt them as well, both financially and personally.

There is no right or wrong answer to what you should do when it comes to exiting out of your business, but always have a clear strategy on how you are going to exit and build your business towards that exit strategy. If you are partnering with someone else to build your business, make sure that when you create your partnership agreement that you both have a clear understanding of how and when you are going to exit the business.

I have seen so many small businesses destroyed by partnerships that are fine for the first couple of years but then the partners fall out and because one partner wants to exit now, it puts such a clear strain on the business that the business collapses.

One of the clear things I have learned about business is that you must have a vision of what you want for your business and work back from that vision and develop your timeline for success.

Buying a business? Don’t be left screaming

Buying a business? Don’t be left screaming
Beware of signing on the dotted line without researching your potential purchase.

Read more on Brisbane Times

Omega’s 3-D system to be unveiled in November

Omega’s 3-D system to be unveiled in November
Saturday August 21, 2010 BRATTLEBORO — By the end of the year, people may be seeing an Omega Optical product through a set of new glasses.

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Senior Care Company AmeriCare Approved, Added to SBA Franchise Registry

Senior Care Company AmeriCare Approved, Added to SBA Franchise Registry
ATLANTA, Aug. 17 /PRNewswire/ — Leading home-based caregiving franchisor, AmeriCare (www.americareinfo.com), announced their approval of, and addition to, the U.S. Small Business Administration (SBA) Franchise Registry (www.thefranchiseregistry.com). The Franchise Registry is a compilation of franchise systems whose franchise agreements have …

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Microsoft Windows Phone 7 Developer Tutorials Are Now Available

Microsoft Windows Phone 7 Developer Tutorials Are Now Available
Microsoft has posted online tutorials for developing games and apps for its upcoming Windows Phone 7. In addition, the company also announced its intentions to making Windows Phone 7 a robust gaming platform, placing it in more direct competition with the likes of the Apple iPhone, Sony and Nintendo.

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JTM, menu keep growing

JTM, menu keep growing
Chefs in the research and development lab at JTM Food Group are busy cooking up a new turkey chili recipe for a school in Colorado, a burrito filling for a national convenience-store operator and soup for a well-known chain of restaurants.

Read more on The Cincinnati Enquirer

Resources for Small Business

Starting a small business can be the most exciting time in someone’s life…but it can also be the most frightening.  With so many forms to fill out and preparations to make, starting a small business can be a huge undertaking.  But once you get the ball rolling and you start to see the first signs of success, it can be a very rewarding achievement.

Business forms sometimes rely on someone s skills and potentials to create customers network and other people who wanted to build their own business. Other business models follow the so called business networking marketing. While other individuals before have tried this type of endeavor and some become successful. The most important thing as business resources is the ability and willingness of the individual to dedicate his/her self to do jobs for the market. Network Marketing is an exclusive business that has built in capability to do something that all other big individuals neither franchise can not do. That is the power of Network Marketing to copy individual efforts by creating more organizations of common entrepreneurs. Each Small Business owner acts likely as CEO of his/her own business and if someone create it is own network everyone can get benefits. As a new business owner you will also need business resources online that will guide you towards your success. It is not only by staring a business it is just a start. The big challenge here is on how you market your business and on how to maintain it.

There are many resources available for those wishing to start a small business.  There are thousands of professional companies that assist with this type of thing and there are also countless online tutorials that can help you on your way.

There are several things that need to be considered before starting your business and if you know where to look and are patient, you can alleviate some of the stress right away.  For instance, to start your small business the right way, you will need to know how to market and finance your business.  These are two of the scariest parts of the scenario for those just starting out but can be handled effectively without spending tons of money on professional help.

Other things to think about are whether or not you will franchise your business.  Will you have affiliates?  Will you need to hire additional employees? What are some of the local laws regarding small businesses and taxes?

See…there are a ton of things to think about.

But don’t overwhelm yourself right away.  You’ll find several resources from the Business experts that can help you make absolutely certain that you are building your small business so that it not only succeeds, but that it does so quickly.

Some of this business guide is well available in the online market like: YOU R FUN BUSINESS-find out how YOU can be making as much as $1,300 DAILY.  Best of all, you work only PART TIME…from home. SEM BUSNISNESS BLUEPRINT-set your eyes on a previously confidential blueprint that helped a small online business pull in six figures in just 10 sales. YOU R BILL KILLER – get your small business off the ground running with this proven product.  And also be inspired by the RICH GABAGE MAN- the amazing story of how a garbage man followed a few simple steps to become a millionaire in NO TIME!  You can do it too.

So congratulations on your new small business.  I certainly hope the information you find on this article helps you achieve monumental success.