Tag: business opportunity

5 Tips for Recognizing a Meaningful Business Opportunity When You See One | Entrepreneur

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According to the Small Business Association, roughly 50 percent of businesses survive to reach their fifth year. What is interesting, however, is that the SBA’s analysis found that these survival rates generally remain consistent regardless of the overall state of the economy. In other words, lasting success is largely dependent on choosing the right business opportunity.

While understanding the basics of running a business is certainly important, your ability to recognize meaningful opportunities will play a major role in whether you author a lasting success story.

Idenitfying these opportunities isn’t an exact science, but there are still telltale signs to look out for, beginning with the following five.

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To Franchise or Not to Franchise | Lydia Mehit

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So, you want to start a business and you’ve decided a franchise is for you.  There are a number of advantages to selecting a franchise.  Here are several of them.

  • It is a proven business model.
  • You have a pre-defined target market.
  • You have brand recognition because the product or service is already known.
  • The business methods and systems are already in place, all you have to do is follow them.
  • Training is provided for you and your management team.
  • Operations manual that details all of the job descriptions, processes, procedures, rules and requirements for operating the business is provided.
  • You receive on-the-job training at a working franchise.
  • The franchise team helps you open the business and gets you started on the right foot.

Continue reading “To Franchise or Not to Franchise | Lydia Mehit” →