GlobalBX Entrepreneur Business Articles - December 2009

Is Buying a Franchise Like Buying a Job?

In the times of economic downturn, everyone is looking for means to ensure their financial well-being. Unfortunately, when it comes to the employees, they are often the first to suffer the consequences of bad market conditions. However, as an old Chinese proverb says, any crisis is also an opportunity. Instead of looking for another job, you should consider buying into a franchise – nowadays, more and more jobless yet ambitious individuals are considering such a possibility, aiming to become successful entrepreneurs by buying a franchise business.

Jobless Seek Future in Franchising
For every argument why having a job is a good idea, there is also at least one good counter-argument. Loss of a certain degree of freedom, inflexible working hours, fixed pay, and working hard without gaining appropriate benefits – these are just few examples of what employees might face.

In contrast, starting your own business by buying a franchise is a completely different approach and this is one of the easiest ways to jump start your entrepreneurial career. This idea is becoming very popular. For instance, people who had a career in business management, but were laid off when the recession gathered pace, are now taking their future into their hands and are buying franchise businesses.

A quick look at the statistics can help to understand the main reason for this trend. With 217,182 workers fired in October alone and unemployment rate at around 10.2 percent, there is an enormous pool of experienced individuals who are now looking for a new direction to go in.

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Top 10 Master Franchises & Master Franchise Opportunities

As more and more people are attracted by numerous franchise opportunities, the numbers of those who have more ambitions in this area are also growing. Fortunately, there is a solution for entrepreneurs who are looking for more – they can tap into master franchise opportunities. While a regular franchise opportunity usually takes the form of a small business owner arranging an agreement with a bigger company (the franchisor) to use the latter’s brand name or sell its products, a master franchise opportunity allows entrepreneurs to sub-franchise within a specific territory. As you can easily guess, this results in some really remarkable prospects. We have compiled a list of top 10 master franchises to give you some guidance in this area.

Franchises that offer Master Franchising – Master Franchises
Since a master franchise usually runs two separate businesses, one as a single franchise and another expanding the company, a wide set of skills is necessary – this is why the types of entrepreneurs who successfully operate master franchises vary wildly.

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Top 10 Unemployment Benefits

In current economic conditions, getting a pink slip can be disheartening, but it will rarely come as a tremendous shock. No company is safe from the downsizing or restructuring – and every employee should have a basic understanding about unemployment benefits. Furthermore, it would be wise to learn the rules of unemployment eligibility and the size of such benefits prior to moving to another location, as they can vary rather significantly from state to state. We have compiled a list of the best cities for unemployment benefits to give you a better idea of what to expect.

Unemployment Benefits
When calculating the size of a particular unemployment benefit package, it is necessary to take into account the cost of living in a particular area – if John Doe from a neighboring state receives $100 less per week than you in his unemployment benefits, but your cost of living is much higher, does that mean that you got a better deal? Definitely not! Here is the list of cities that are the best to live in from the aspect of unemployment eligibility, with a previous annual salary of $150,000:

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Wireless Toyz Franchise Information – Wireless Toyz Franchise For Sale

Wireless Toyz is a growing company that is in need of dynamic, motivated, and enterprising individuals to help facilitate expansion. You can invest in a franchise and own your own business under this brand if you live in Arizona, California, Colorado, Washington DC, Florida, Georgia, Indiana, Illinois, Kansas, Louisiana, Maryland, Michigan, Minnesota, Montana, North Carolina, Nevada, Ohio, Oklahoma, Oregon, Texas, Virginia, or Washington. You will receive full training and support as well as third party financing assistance should you need it. So what is in it for you? Read on to find out!

About Wireless Toyz
Wireless Toyz is the premier company in the wireless retail industry today. It offers incredible options to the existing 255 million wireless subscribers and those completely new to it within the United States today. As a multi-carrier retailer, Wireless Toyz is placed firmly in a growing niche of the market that gives customers the opportunity to choose the provider they want on their own without sales pressure but with access to all the advice and information that they absolutely need.

Wireless Toyz innovative business that has been singled out as one of the best and fastest growing franchises in the United States by numerous franchising experts and indeed it is. With comprehensive and high quality service as well as a wide range of products and subscriptions to choose from, Wireless Toyz is leading the marketplace.

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Austin Grill Franchise Information

Austin Grill is currently looking for business minded, ambitious, and driven individuals to join its hugely successful franchise. With training and support offered to successful applicants, this is an amazing opportunity for budding entrepreneurs to get a foothold in the restaurant industry with the backing of a fantastic brand. Applications are accepted from all states but those from California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin are subject to registration and disclosure requirements as regulated by state law.

About Austin Grill
Austin Grill was established in Washington DC over 20 years ago and is a firm favorite within the city and the millions that visit from elsewhere in the United States and indeed the world every single year. With a memorable tagline (“AustinThentic”), wonderful service, and fabulous food, it has built up a stellar reputation based on just a few restaurants. Imagine how big the franchise will be when the brand spreads to locations throughout the US in the coming years. Expansion into the surrounding states, namely Virginia, Maryland, North Carolina, and Pennsylvania, is well underway with completion expected in the next year or so.

The menu at Austin Grill is tempting and delicious to say the least, with all dishes made from fresh ingredients. All food is made from scratch so you can enjoy the rewards that fresh meals will bring. If that is not enough then you also have the warm and welcoming décor.

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Weed Man Franchise Business Opportunity Review

Weed Man is a company that has an extensive market niche and is seeking to expand, which means there are excellent franchise opportunities available. With full training and support available, in addition to third party financing assistance, this opportunity deserves serious consideration. Read the following outline for a general overview and then you may request additional information if desired.

About Weed Man
Weed Man has been established for over 40 years and has dominated the lawn care market for the vast majority of that period. It has developed into the largest lawn care service available within the United States during its years and still continues to grow today. Homeowners often do not have the time or the necessary tools to take care of their lawns and thus hire someone to take care of it for them. Weed Man is the trusted source they turn to for these services.

There are currently over 200 Weed Man locations that are spread between the UK, Canada, and the United States and all provide a variety of services that homeowners need. This includes weed control, disease control, aeration, liming applications, and various other lawn care services. The Weed Man company makes your lawn look beautiful and flawless in no time, which is attractive to customers because they get the lawn they want without having to bother with it.

Weed Man Franchise Benefits
Weed Man is a part of a massive $67 billion modern green industry and there is extreme profitability to be had by associating with this major brand name. Weed Man is a well-known brand in various countries and so is and enjoys a strong reputation for quality and reliability. Franchisees can benefit in numerous ways, including:

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Exclusive Commercial Leasing Business Opportunity

Exclusive Commercial Leasing is currently offering interested individuals with motivation and drive a fantastic opportunity to take advantage of franchise financing in order to run their own businesses. This is not a franchise opportunity in itself, but the company does give you full financing assistance to give you the impetus and means to invest in a franchise. This is available to all United States residents and there are plenty of different options to choose from so be sure to read the introduction below and then request further information to find out what they can do for you!

About Exclusive Commercial Leasing

Exclusive Commercial Leasing provides franchisees with loans that suit their purposes and needs. Given that many franchisees want to start and run their own business but do not want to set up on their own without the backing of a major brand or big company, their services have become more and more popular in recent years. The availability of financing through Exclusive Commercial Leasing means that no franchisee has to struggle financially or back out of an agreement because they cannot secure enough capital. Instead, they help to elevate the futures of bright entrepreneurs whenever they need it.

The Exclusive Commercial Leasing Services
There are several loan services offered by Exclusive Commercial Leasing because no two individual franchisee’s needs are ever the same.

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Beef O Brady’s Family Sports Pub Franchise Review

Beef O Brady’s Family Sports Pub is one of the most reputable and family friendly sports pubs around and is currently looking for ambitious business-minded individuals to join their franchise. They offer financing assistance, training, and support to franchisees and could also provide your first step on the ladder to major success. You can request further information, which is definitely recommended reading, but read on to find out exactly how much you can benefit first!

About Beef O Brady’s Family Sports Pub
Jim Mellody, a restaurateur that had previously owned an Italian restaurant in Tampa, Florida, founded Beef O Brady’s Family Sports Pub in 1985. It also started out as a sandwich shop with a menu that was formed on the basis of his customers’ opinions. Needless to say this was a huge hit among the local community. This was combined with the friendly service, a laid back attitude, and a comfortable dining experience that would eventually become the signature feature of Beef O Brady’s Family Sports Pub. Word soon spread and the demand for such a dining experience grew, especially when the sports theme was added into the mix!

Today, Beef O Brady’s Family Sports Pub is so much more than just a restaurant franchise. All of their restaurants are involved in their respective communities in some way, either in sports, the local schools, or community clubs and groups. The whole philosophy is to create a better community for all to enjoy, which is why this franchise opportunity is so different from any other.

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Camp Bow Wow Franchise Business Opportunity Review

Camp Bow Wow is currently looking for individuals with high aspirations to take advantage of the exciting business opportunities that the company has just made available. You can join the franchise and run your own business under a major brand, as well as take advantage of the training and support they have to offer. In addition, third party financing assistance is available. Applicants are required to be residents of the United States but there are opportunities everywhere within the country so read on to find out what the company offers and how you can benefit.

About Camp Bow Wow
Camp Bow Wow was founded in 2000 and has since spread to over 200 locations as a result of its immense popularity among dog owners. They offer the best dog day care center available within the United States and also provide a boarding service for owners to ensure their dogs are cared for when they are away on vacation or business. The facilities for the dogs in day care and boarding are impressive. They offer intense socialization and ensure that all of the dogs’ needs are met. It is unlike any other boarding facility as a result of this dedication and commitment to providing a high quality service, which is why the demand is so high.

In recent years, Camp Bow Wow has added home sitting to its range of services so every owner can get the care and attention required for his or her dog in the comfort of the home they are used to. The Home Buddies service extends to all pets and encompasses simple services like dog walking and grooming as well. With such services available, it is no wonder that the demand for this service is outstripping supply. This is why expansion has been extensively planned and you can benefit from it.

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Do Your Own Business Valuation – Part 6: Market-Based Valuation Methods

There are 3 approaches to valuing a business – market, income and asset. This article covers the market approach.

Preferred Approach
A market-based valuation is preferred by most appraisers and users because it relates directly to the actual sale of a similar property. There is no better evidence of value than an actual transaction, but it must be comparable. That is a major weakness for applying the market approach to a small company. It is difficult, if not impossible, to find comparable transactions.

Public Companies
Every day millions of shares of stock in large companies are freely traded on major exchanges like the New York Stock Exchange (NYSE). It should be the ideal source of market data for the sale of a company, but is buying shares of a public company comparable to buying a small business? The answer is no for a number of reasons. For professionals that believe comparable public companies exist, there is the guideline public company method. A single company or group of companies is identified as comparable and adjusted to increase comparability. The most appropriate pricing multiples are selected and applied to the company being valued.

Private Companies
Due to the differences between public and private companies, data from the actual sales of private companies would seem like a better alternative. The primary problem is that these sales are private transactions that are not reported publicly. There are several commercial databases that collect this information from various sources. The available data is from a small portion of the total transactions and a limited amount of information for each transaction is available. Under these conditions finding one reasonably comparable transaction is virtually impossible.

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Pricing a Business – How to Determine a Business’s Selling Price

Both selling and purchasing a business can be a very rewarding decision, when done properly. There are many different approaches to such tasks – however, their common issue is the difficulty with determining the right business selling price. Pricing a business is both a science and an art – and it takes skill and experience to do it correctly.

Pricing a Business
Whether you are a buyer or a seller of a business establishment, pricing a business is one of the initial tasks that await you after you make a decision to buy or sell a business. It is also one of the most difficult tasks. There is not a single best method to price a business – in any case, the final selling price still depends on how badly the seller wants to sell and how anxiously the buyer wants to buy the business. However, there are commonly used methods to estimate the value of a business.

The first method is called market-based valuation. It is probably the simplest, in comparison to other approaches. Essentially, the business selling price should be similar to the price of similar businesses that have previously sold in the area and industry. While this approach clearly does not take into account unique characteristics of a particular company, it offers a “quick and dirty” method of pricing a business for sale.

Another method is asset-based valuation. This one bases its calculations on the book and liquidation values of a particular company. When determining a business for sale price, such values are usually considered to be the bare minimum, as other important features, for instance, brand name and customer base, are ignored.

The third and probably the most comprehensive business pricing method is earnings-based valuation.

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Top 10 Highest Paying Jobs

Have you ever wondered what the highest paying jobs are and how to get them? Finding this out is not very difficult, but we would like to save you some time. Further down in this article, you will find a list of 10 highest paying jobs, along with the most important information and advice on the characteristics and requirements for such jobs.

What are the Ten Highest Paying Jobs in 2009?
According to the U.S. Bureau of Labor Statistics, top highest paying jobs in the U.S. in 2009 are:

  1. Surgeons – $206,770
  2. Anesthesiologists – $197,570
  3. Orthodontists – $194,930
  4. Obstetrician and gynecologists – $192,780
  5. Oral and maxillofacial surgeons – $190,420
  6. General Internists – $176,740
  7. Prosthodontists – $168,810
  8. Other Physicians and Surgeons – $165,000
  9. Family and General Practitioners – $161,490
  10. Chief Executives – $160,440

  
As you can see, all professions except one lie within the medical field. It is not surprising as the health care sector is both highly lucrative and largely immune to economic downturns, such as the one we are experiencing now. However, getting such jobs is not easy – to begin your medical career, you would first have to spend eight to twelve years in a medical school, which is one of the most demanding places to study in. School loans are also going to be extensive. In addition, almost any position in the medical industry, especially if it is among the highest paying jobs, can be extremely challenging and risky, as human lives can literally be in your hands.

For these and many other reasons such high pay jobs, though attractive at first sight, are not the best match for many individuals. The rewards that these jobs offer may not be worth the challenges they entail.

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Payroll Software Review: Top 10 Business Payroll Software

In the digital era, managing your payroll manually is unnecessary and inefficient. Various payroll software solutions are widely available to help business owners with this task. These tools are usually highly specialized, do not include unnecessary features, and often come at a relatively low price. To assist you with your payroll, we have selected the 10 best payroll services.

Best Business Payroll Services
Small business payroll software solutions offer a variety of options, ranging from expensive and comprehensive in-house business payroll software to cheap and popular, yet trustworthy, specialized online services. The Top 10 list is as follows:

  1. QuickBooks – an accounting package and payroll software solution which prides itself in its simplicity, efficiency, and multiple payroll options. With the price ranging from $100 to $300 per year, depending on your needs, this is certainly a good choice for a small business owner looking for a comprehensive payroll service. In addition, the company also runs Online Payroll service, which is priced at $29.95 per month.
  2. SurePayroll – an online payroll service, which is priced at $45 per month. It integrates very well with other popular desktop accounting solutions and can file your returns for you.

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Children’s Lighthouse Learning Centers Franchise Business Opportunity

Children’s Lighthouse Learning Centers is a dynamic business currently seeking suitable individuals to take advantage of this amazing opportunity that has just opened up. The company wants people to invest in franchise centers that will significantly expand their overall operation. As such, they are offering a complete training and support package as well as third-party financial assistance, if you need it. Please take a look at the information below before requesting additional information at the bottom of the page.

About Children’s Lighthouse Learning Centers
Children’s Lighthouse Learning Centers fill an essential niche in the educational industry, and they have done so since the firm was established in 1997. They operate educational centers for children who want to learn and have fun at the same time. These facilities are of the highest quality, and the environment effectively finds the proper balance between educational opportunities and a relaxed atmosphere, where children can develop and learn while feeling the most comfortable. Research has shown that this is the best method of instilling early learning opportunities before children enter school full-time.

Children’s Lighthouse Learning Centers offer an essential service for parents, providing peace of mind that their children are in a safe environment all day long. These preschoolers have the benefit of receiving a valuable education while still essentially in their daycare years. Every center is incredibly comfortable and highly secure, with the added benefit that each of them is operated by a motivated franchisee – of which you could be one.

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Allstate Insurance Company – New York: Allstate Insurance Franchise Review

Allstate Insurance Company is currently offering a fantastic opportunity to suitable applicants who are looking to join its insurance business. This business opportunity is essentially becoming an Allstate Exclusive Agent for the company and comes complete with ongoing support and training. Applications are accepted from the New York state area.

About Allstate Insurance Company
Founded in 1931, Allstate Insurance Company has always been at the forefront of the insurance market as a result of the high quality, low cost products offered. With affordable insurance and financial products that contain exactly what people are looking for in protection, their innovative formula has been to give people what they want and need in the same package. This is why the financials of the company have been very healthy and beat out all competition to stay on top of the crowded financial industry.

Allstate Insurance Company has customers who have been with them for years and will never go anywhere else. The brand name in itself has an excellent reputation and attracts customers from far and wide on its own. The opportunity presents a challenge since the success of the venture is in your hands. However, the backing of a Fortune 100 company goes a long way because your association with Allstate Insurance Company gives you a lot of credibility in the insurance marketplace.

Success, Service and Allstate Insurance Rewards
As an Allstate Exclusive Agent, you get far more than you would ever have dreamed possible in terms of the success you can achieve working for yourself under a well known brand name. Choosing to work with Allstate Insurance Company may be one of the best business decisions you could ever make if you are looking to kick start your entrepreneurial goals. For example, you can expect:

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Who’s Who Magazine Franchise Business Opportunity Review

Who’s Who Magazine is a growing publication that needs driven and determined entrepreneurs to help expand the business and establish a market presence in all cities and towns countrywide. This franchise opportunity include financing assistance, training, and support so you can capitalize on it entirely with all the tools you need at your disposal.

About Who’s Who Magazine
Who’s Who Magazine is a vital tool in keeping each and every community up to date with recent events and making consumers fully aware of the businesses and non-profit organizations in the local area. It is a unique bi-annual publication that features high quality pictures, writing, and graphics. All of those features are geared to helping local businesses to prosper and local people to find out about products and services that are readily available to them.

Although Who’s Who Magazine is already popular in cities and large towns in the United States, it still lacks complete coverage and that is why expansion is imminent. They need franchisees like you to be able to take the business forward. Who’s Who Magazine is a solid opportunity for entrepreneurs to get involved in the publishing industry and run their own business at the same time!

Get To Know Who’s Who Magazine Franchise
Who’s Who Magazine is a great business for you to run under a well-known brand. Owning your own business as a franchisee is a unique and incredibly rewarding experience in more ways than one. The team behind you offers full training and support in addition to the following benefits:

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CreditCRM Credit Business Opportunity Review

CreditCRM is currently looking to expand in order to take their business across America. As a result, they need individuals willing to invest in the company and run their own business. Through this amazing business opportunity, you can also take advantage of complete and ongoing training and support. You can truly prosper and build a busy, profitable business with CreditCRM.

About CreditCRM
CreditCRM is a modern business that is part of a niche market within the financial industry. This business is increasing in demand due to its relevance to modern life. It is essentially a legal company that helps individuals who have bad credit repair their credit scores via legitimate and fully legal means. As part of the Jamison Law Group, CreditCRM has quickly become popular and earned a great reputation as a trusted source of assistance. You can take full advantage whether or not you possess prior legal training, and you will find the business highly profitable.

The Credit Repair Path To Entrepreneurship
CreditCRM is a fantastic opportunity for individuals looking to start a credit repair business, or for those seeking a relevant niche in which to make their fortune. As a result of individual financial difficulties, this service is in high demand today and will remain so indefinitely. This is not the sole benefit, however, and those outlined below should definitely be on your want list for any business:

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U.S. Lawns Franchise Information – U.S. Lawns Franchise Business Opportunity

U.S. Lawns is currently offering a major franchise opportunity for individuals seeking to start their own business but with the backing and support of a major brand. There are now franchise openings within the company, which will offer you financing assistance, if needed, as well as training and ongoing support.

About U.S. Lawns
U.S. Lawns is a major force in the landscape maintenance industry and has been for some time. The franchise began in 1986 and has thrived ever since as a result of one simple fact – the landscape is ever changing and someone is always required to maintain it. Commercial companies have turned to U.S. Lawns to provide a variety of services on their property because they are reputable, trustworthy, and well established in the marketplace. As the market leader, the company is certainly benefiting from this and you could too!

With over 190 locations in 32 states, U.S. Lawns has flourished in recent years. It is highly focused on business-to-business services and pulls in annual contracts, which happen to be a great source of revenue. They provide services to office centers, homeowner associations, banks, municipalities, apartment complexes, and various other institutions and businesses so you can see the potential that this opportunity offers.

The U.S. Lawns Franchisee Benefits
If you choose to run your own business under the U.S. Lawns franchise, there are a wide variety of benefits you can take advantage of. Consider the following:

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It’s Time for Content, Communication Course Correction

It’s Time for Content, Communication Course Correction.  The financial industry got caught with its pants down.   The automotive industry got caught with its arrogance up.  The PC, CE, communications industry simply got caught between the two.  We feel the angst but the business is still fundamentally sound.  With the right course adjustments the industry will be in a better position to deliver solutions and satisfaction to global business and local consumers.  We aren’t polyannic about the state of the economy…or the industry.  We don’t quite believe as President Reagan did in the mid ‘80’s that things are good and they’re getting better.  But fundamentally, the content industry did not have the sudden stop the financial and auto industries did starting six months ago.

Train Wreck – The financial and auto industries were highly leveraged and really didn’t understand that consumers drive the economy.  The PC/CE/communications/content industries feel the fiscal pressure but they are in a better recovery position.  IT technology, products, infrastructure, solutions are a key part of every business, home and person’s activities.  Demand – at the right price – is there.

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The Internet World

“The natives over there are cannibals.  They eat liars with the same enthusiasm as they eat honest men.” Captain Nemo (James Mason) – 20000 Leagues Under the Sea (1954)

The Internet wasn’t developed to be a dangerous place.  The Internet lost its innocence early on.  Today you get attacks from every side.  We expect so much from the fiber optic pipe connection – business, information, entertainment.  We have to constantly be on guard for the cannibals.

It wasn’t developed for spammers/scammers which Australia-based Marshal’s Threat Research and Content Engineering Team estimates will represent up to 90% of the email by the end of the year.  It wasn’t developed for you to use to buy/sell stuff on eBay, Amazon and the tens of thousands of web-based storefronts.  It wasn’t developed for folks to put dumb/dumber and viral ads on for you to download from YouTube.  It wasn’t developed so you could buy/sell/steal music, videos, movies from iTunes, Real, Napster, radio stations, TV networks, Hollywood and the myriad of indie sites.  But like its original design concept…it has adapted to new business models, new user demands.  Or as Prof. Pierre Aronnax said in 2000 Leagues…“There is great genius behind all this.”

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