|
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.
Content … Big, Beautiful, Ready to Sail“I figure life’s a gift and I don’t intend on wasting it. You don’t know what hand you’re gonna get dealt next. You learn to take life as it comes at you… to make each day count.” – Jack, Titanic, 20th Century-Fox (1997) Last year, more than four billion devices connected to the Internet shoved […] New SBA Financing Programs … More Money for Small BusinessBrett Palmer, president of the Small Business Investor Alliance, credits SBA’s Sean Greene for shortening wait times for SBIC licenses to less than 6 months and as a consequence, the annual rate of new licensees has more than doubled over recent years. The SBA grants licenses so private entities can provide money to small businesses. […] Continuous Research Makes TCBY RelevantTim Casey, TCBY’s CEO, discussed with QSRWeb.com how his frozen yogurt business keeps apace with customer expectations. He counts its healthy product and their continuous research for new products and flavors, consumer feedback through social media, rebranding and self-service among the changes that clicked with consumers. In 2012, the company will open more stores to […] UPS Store Waives Franchise Fees For 10 VeteransUPS Store, in a move to support IFA’s “Operation Enduring Opportunity”, announced in BizJournals.com, that it will waive franchise fees for ten first-time veteran franchisees. This amounts to $300,000 in financial incentives. Prospective franchisees should sign a Letter of Intent between January and June 2012, said Tim Davis, a former U.S. Marine and now UPS […] FRANdex Surpasses S&P and Russell IndexesFRANdata, an independent research firm that tracks and analyzes franchises, launched FRANdex. In its report that appeared in PR News Wire, the FRANdex market capitalization index performed better than the S&P500 and the Russell 2000 indexes. Darrell Johnson, President and CEO of FRANdata, believes that the small businesses and franchises are often reliable indicators of […] Legal Battle Not Stalling Pizza Hut’s ExpansionPizza Hut filed a lawsuit against Lundy Enterprises, a corporation of Larry Lundy who owned 44 Pizza Hut restaurants, for royalty payment default. Lundy counterclaimed that “Pizza Hut imposed unfair credit terms, refused his restaurants the chance to offer new products available in other markets and, over time, opened independent stores that became his competition”, according […] Domino’s Pizza to Open More Stores AbroadJ. Patrick Doyle, the CEO of Domino’s Pizza, has successfully turned the company around from the social media crisis it experienced when he took the helm 18 months ago. He accomplished this by putting out his own video addressing the issue and offering transparency to the public by receiving feedback via Twitter and Facebook. Domino’s […] Cut Taxes and Create Jobs says McDonald’s CEOJim Skinner, CEO of McDonald’s says the government must cut taxes and decrease public spending in order for the company to turn around. His assessment of the current economy will likely be played up by the opponents of President Obama over the deteriorating economy and high unemployment. McDonald’s is one of the companies still hiring […] Collateral is a Big Factor in Getting a Business LoanMost small business lenders now require borrowers to put up hard assets to be granted loans, and the most common collateral used is real estate or one’s home. Take the case of Craig Holman who put up his share of the family farm as collateral to get an $85,000 loan to buy into an AdvantaClean […] IFA Gives Veterans Chance to Own FranchisesA new campaign of the IFA, “Operation Enduring Opportunity”, is the franchise industry’s response for President Obama’s call to the private sector to offer returning soldiers business opportunities. This initiative will be implemented through the IFA’s VetFran program which has helped thousands of veterans become franchisees. For its part, Anago Cleaning Systems of Pompano Beach, […] Questions to Ask if You’re Fit to be an EntrepreneurNot everyone is fit to be an entrepreneur. It takes a certain mix of character to be a success in business. You must have some know-how and skills in the business you are getting into. You must be willing and comfortable in taking educated risks. You should have people skills. Entrepreneur.com came up with a […] Subway Sandwich Chain Now in 100 CountriesSubway’s chief development officer Don Fertman recounted to Daniel Smith of QSR Magazine his stint in Subway from 1981 when the store had only 166 branches. He credits franchisees’ non-traditional location choices for the global expansion of the sandwich chain. Subway president and cofounder Fred DeLuca, during their annual convention in San Francisco, traced the […] Small Business Lending: Government Urged to Extend SBA Federal InitiativeSteven Grossman, Treasurer and Receiver General of the Commonwealth of Massachusetts, and Robert Baker, President of the Smaller Business Association of New England (SBANE), in a Huffington Post article, urge the government to extend the highly successful federal initiative to December 31, 2012. They claim that the effect of the previous funding was dramatic. SBA […] Molly Maid Franchisee SuccessHarry Young blames his corporate background for getting into franchising. He told Entrepreneur.com that his skill is in “growing organizations and hiring the right people” and setting up systems. It is these strategies that Young and his wife, Emelie, credit for the success of the Molly Maid franchise. Molly Maid is reaching $4 million in […] SBA Loan Failures … Atlanta Bread Company is ReboundingAtlanta Bread Co., once one of the fastest-growing franchises in America, has some of its stores closed, AJC.com reports. It is bogged down by problems ranging from location of its stores to legal issues. Jerry Couvaras, Atlanta Bread’s President, agreed that “Atlanta Bread made mistakes”. The company may have grown too fast, causing it to […] Starbucks Create Jobs for USA ProgramHoward Schultz, CEO of Starbucks, will launch a “Create Jobs for USA” program that asks the American public to donate $5 at any of its stores for small businesses. A Pepperdine poll showed that less than 50% of small businesses obtained loans from lending institutions . This lack of credit results in less jobs being created […] Krispy Kreme Credits Social Media for its Sales IncreaseKrispy Kreme Chief Marketing Officer Dwayne Chambers, in a Q & A article that appeared in SmartBlogs.com, says that through social media, Krispy Kreme fans do a lot of the marketing for its products. He says, “From an ROI standpoint, we’re able to use these vehicles that exist now to determine if it fits within […] Arby’s Names New BoardThe President of Arby’s Restaurant Group, Inc., Hala Moddelmog, introduced the new Board of Directors of the ARG Holding Corporation in its Atlanta conference as reported in QSR Magazine. The new Board is led by Jon Luther, formerly of Dunkin Brands, and Sidney Feltenstein, former CEO of Yorkshire Global Restaurants. Moddelmog said that because of […] Small Business Optimism Up Since JuneThe National Federation of Independent Business reports that the October level of small-business optimism index is the highest since June. “Owner optimism improved a smidge, mostly because the outlook for business conditions and real sales growth became less negative,” said the NFIB report. However, the new-jobs subindex weakened in the same month as there was […] Lack of Qualified Workers for Small BusinessesThe Wall Street Journal reports that small businesses are complaining about the lack of qualified workers. In spite of the very high number of unemployed workers, many companies find the former lacking in skills or with obsolete talent for available jobs. Blame is placed on the U.S. educational system for its failure to provide the […] |
|
