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What Business Are You In?

The answer might surprise you. What business are you in?” This famous question is one that has been made popular by case studies at the Harvard Business School. It is a deceptively simple question, filled with nuance and significance if taken seriously. This question goes to the heart of how leaders and owners see themselves and their businesses. “As we see ourselves, so shall we behave,” the saying goes. So…

Competing With the Big Guys

Give your customers what your large competitors can’t—or won’t. I’m too small. They’re too big. They’re too smart. I don’t have the resources, or the staff, or the time, or … News flash! There’s room in the marketplace for both big guys and small guys who provide quality products and services at a reasonable price coupled with outstanding customer service. Small businesses make up a formidable force in the marketplace…

By The Numbers | Franchise Businesses

Franchise businesses are some of the most visible and productive parts of the U.S. economy. Here’s a quick look at the size of this sector’s impact, by the numbers. 828,183 franchise locations in the United States 9.13 million jobs in U.S. franchise businesses 6.2 percent of the United States’ non-farm workforce is employed by a franchise business $802.2 billion value of goods and services produced by U.S. franchise businesses 147,211…

The Pros and Cons of Buying a Franchise

Just like starting any business, buying a franchise is a major decision—one that demands proper research first. Franchising offers many benefits to entrepreneurs, but it also has special requirements that might not be right for everyone. PROS Support system // Buying into a franchise takes a lot of the guesswork out of starting a business. The franchisor has already figured out what works and what doesn’t, from the best type of…
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