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GlobalBX Entrepreneur Blog | Business Blog
Helpful Information for Buying, Starting, Running, and Selling a Business
This is a valuable blog resource from expert authors contributing key information on how to buy and sell a business, start and run a business, write business plans, and much more. This is the ultimate resource for business strategies and motivation for all entrepreneurs.
Commercial Loan Refinancing Available Says SBAMany business owners who need to refinance their commercial loans for working capital are unaware that there is an SBA program that provides funds for this purpose. The 504 Loan Refinancing Program—implemented under the Small Business Jobs Act of 2010— also allows small businesses to use excess equity to obtain working capital that can be […] Smashburger Soon to be a Smash Hit in CanadaSmashburger told QSR it is bringing its burgers, chicken sandwiches and fresh salads to Canada. This follows its first international expansion in the Middle East. “Canada is a very attractive market to us and we believe we are bringing a premium dining experience at a competitive price point to local residents” says Dave Prokupek, chairman […] Subway Offers $2 Deal to CustomersFor the month of December, Subway is offering its six-inch meatball and cold-cut subs for $2, USA Today reports. Tony Pace, marketing chief at Subway’s franchisee advertising fund, says “We’re just showing folks a little love when everyone is fretting about the economic future.” With the success of the recent Black Friday, Subway hopes to […] Tips on How to Create a Succession Plan for a Franchise BusinessSome families that own franchise businesses want to pass on their businessses to their children. Children, when on school vacation, usually help in the business and immerse themselves in the business. They may discover that they like what they are doing and may take it upon themselves to succeed their parents in running the business. William Slater Vincent, […] International Franchising Opportunities – Advice To FranchisorsMike Shattuck, president of international brands with Focus Brands, offers some advice to franchisors wanting to expand outside of the U.S. He said one has to adapt to the cultural idiosyncrasies of the target countries yet still maintain “the core essence and being of every (franchise) brand”. A franchisor also should be fully committed. Read […] Former FedEx Executive is Krispy Kreme’s New President and COOFormer FedEx officer and of ES3 LLC, Kenneth A. May, is the new president and chief operating officer of Krispy Kreme. Jim Morgan, the company’s chief executive said in a statement published in the Winston-Salem Journal, “It was critical that we seek out someone with a unique combination of big-brand experience, retail customer engagement, proficiency […] Subway Franchisor Not Liable for Uninsured Franchisee Employee’s ClaimsThe Kentucky Supreme Court overturned an appellate court’s ruling providing disability benefits to an employee of an uninsured franchisee. The court also said the state law doesn’t apply because the franchisee “did not perform a regular or recurrent part of (Doctor’s Associates’) business.” Subway’s franchising agreement required franchisees to maintain coverage for workers compensation claims […] What is the Best Business to Start Now?Are you looking to start a business today? Bob Voss at AllBusiness.com advises that you study the current social trends. What target markets are rapidly and steadily growing? You should also have a competitive edge over other similar businesses. Previous experience and know-how in that industry are also advantages if you don’t want shaky surprises. […] Marriott Lodging Management, Franchising & Timeshare BusinessChairman and chief executive officer of Marriott International, J.W. Marriott, Jr., announced the spin-off of its vacation ownership business, the Marriott Vacations Worldwide, as reported at PRNewswire.com. He is optimistic about the continuous global growth of Marriott International in the hospitality industry. Marriott International had been serving guests in more than 70 countries through its […] President Obama’s Commitment to Hire VeteransFranchise.org reports that the current rate of veteran unemployment is at 12% and will drop with the signing of the Vow to Hire Heroes Act of 2011 by President Obama on November 21 at the White House. The new law encourages businesses to hire veterans by granting tax credits to these employers. The IFA thanked the […] How to Protect your Franchise BrandYour franchise brand can be its most single valuable asset. It takes years to build a reputation and a name that is identified with your business. AllBusiness.com has provided some tips on protecting your franchise brand. What does all this mean for your franchise brand? A strong business brand is particularly important in a franchised network […] Restaurant Chains Offer Incentives for FranchiseesRestaurant chains like Popeye, KFC, Firehouse Subs and Rally’s Burger have stepped up incentive programs to lure franchisees to take the risk and open their own businesses, as reported in the Los Angeles Times. Popeyes offers to waive its $30,000 franchise fee for new owners and lowered royalty fees from 5% of revenue to 2% for the […] Various Groups Ask Congress for More SBA FundingSeveral groups that include the banking sector and business organizations have written to Congress to ask for more funding for the Small Business Administration, reports Portfolio.com. But it seems Congress will retain the current figure of $1.4 billion compared to $2.6 billion during the same period a year earlier. The former are hoping that the lawmakers […] Franchise Businesses Do Well Despite Poor EconomyDuring this period of economic downturn, people who lost their jobs or are uncertain about holding onto their jobs usually cannot find new employment. Alisa Harrison of the International Franchise Association said, “They tap home equity, severance packages and sometimes retirement plans to start a new business that they can own so they can have […] Franchisee and Pizza Hut Legal Battle ContinuesLarry Lundy whose franchise was ranked among the 100 largest minority owned businesses in the United States in the 90s is facing storm after storm in his business. In 1999, he was diagnosed with leukemia and while undergoing treatment, his franchise stores was mismanaged by the staff. As he got better in 2004, things started […] Wingstop Franchises – Wingstop is Expanding into MexicoWingstop franchise owners have announced in FastCasual.com that the company will be adding more than a hundred restaurants across Mexico in the next seven years. WIS Masters has started interviewing interested parties to be franchisees and targets stores in other countries in Middle East, Latin America and Central America in the coming years. Based on […] Veterans are Good Hires for Your BusinessEx-military men and women have been trained to be leaders. In school, they were trained to be analytical thinkers, decision makers, team workers, and responsibility takers – the qualities that business leaders need. CBS Money Watch encourages business owners to honor the service of veterans by hiring them citing all of their outstanding qualities. While basic training […] Small US Franchises Target Other RegionsRegions outside of the United States are now targets for expansion for smaller franchisors. These regions have been unscathed by the economic downturn, and they have appetites for American products and services. In a Wall Street Journal article, Angus Loten writes that small businesses are “turning to markets in the developing world where credit continues […] Mosquito Squad Adds More FranchisesMosquito Squad, cited by INC as one of the fastest growing franchise concepts in 2011, is expanding to more states with the signing of new franchise agreements since September. This was announced by Chris Grandpre, Chairman and CEO of Outdoor Living Brands, the franchisor of Mosquito Squad, in PR Newswire. Mosquito Squad let Americans enjoy […] Facebook … Where Friends, Enemies GatherWhen the Internet was in its infancy, an editor once commented to us that if a person didn’t have an email address, he had no reason to talk with him. Today, if you don’t have a Facebook page, it’s almost as though you don’t exist. That’s true of individuals; and increasingly, it’s true of companies. […] |
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