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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.
Successful Small Business IdeasBusiness ideas spring from filling a need. Successful start-up businesses start with a unique and sometimes quirky idea that addresses a need. We could just smile and say, “I wish I had thought of that”. Below are two such examples of startup business ideas, as reported in All Business, that visionaries had turned into million […] CEO Bares Plans for Wendy’s CEO Business PlansEmil Brolick, formerly of Taco Bell, is taking over Wendy’s after the death of latter’s founder. In an interview with USA Today, Brolick discussed his plans to lead the company to regain lost ground from the competition. He said that his leadership will give hope, vision and clarity to Wendy’s. Aside from their tastier and fresher […] Canadian Tire Stores Get a FaceliftThe Globe and Mail reports that Canadian Tire recently opened three test auto stores aimed at capturing a big percentage of the market for tires and supplies. The modern design of the stores features roomy aisles and a wide variety of products. These also have drive-in services for a quick diagnosis of car problems and […] 4 Stress Training Tips Guaranteed to Bust StressWhen’s the last time you felt stressed out? No matter how hard we try, detecting stress is something that doesn’t happen in a snap. The same goes for halting it the moment you detect it. Stress training and development however, can make things a little easier, as it puts your relationship with stress on a […] 5 Tips to Supplement Customer Service Training for your PeopleIf you’re a new business owner, here’s a little tip for you: your customers are people, not just your source of profit. Once you begin to fully embrace that little idea, you’ll realize that your business revolves around people, and not just your products or services. Many business owners make the mistake of concentrating all […] 4 Tips to Carry out Effective Communication Training the DIY WayThe phrase, ‘No man is an island,’ could not be any truer than it is today. In a world where globalization is occurring at an unprecedented pace, the need to communicate with those around you effectively has become a crucial factor that makes or breaks your chances of achieving success, whether it be for school, […] McDonald’s Brilliantly Markets McRibInc. calls McDonald’s marketing of McRib brilliant. The company’s use of exclusivity, scarcity and seasonality makes McDonald’s customers baffled, excited and hooked. McDonald’s has turned the barbecued pork sandwich into a favorite. This early, people are speculating if the McRib will make a comeback next year. Companies can learn much about marketing their products from […] KFC is not amused with Obama Fried ChickenThere is a saying, “Imitation is the best form of flattery”. But this is not always the case. In an article posted in All Business, some Chinese university students parodied KFC with their Obama Fried Chicken restaurant. Their logo, featuring President Obama and Colonel Sander’s bow-tie and apron, created furor among Americans and KFC. KFC […] What Happens After You Buy a Business?There should be no surprises after you buy a business if you thoroughly studied and investigated the business. What you should do now is to smoothly go through the transition phase as the new owner, and with the right decisions and actions, the business will thrive. After You Buy a Business … 1. Maintain the […] Where to Get Loans for a FranchiseShelly Sun of BrightStar shares her experience regarding financing franchises. She says that the most common cause “for failure for franchisors is under-capitalization”. In her article in Enterpreneur.com, she gives advice on where and how to get a franchise loan. Banks, government programs, friends and family can give you the financing you need. The No. 1 […] The Franchise Industry Is GrowingCustomers at these times of economic difficulty have second thoughts about spending their money on untried businesses. They would rather spend on tested brands. It is in this context that the IFX Enterprise has scheduled a three-day conference in Las Vegas. The Las Vegas Business Press says this summit will guide potential suppliers on franchising […] McDonald’s Franchisees Put up Car Chargers for CustomersA few businesses have started installing charging stations for electric cars in their stores. This is in anticipation of the future where electric cars will be more common as our dependence on oil decreases. FoxNews.com reports that the McDonald’s franchisee in Huntington, West Virginia, has two such chargers installed last year. Walgreens, too, has some […] Franchise Leaders Want Government Out of the WayFranchise leaders led by International Franchise Association’s President & CEO Steve Caldeira are asking members of Congress to repeal or amend the health care law. IFA says these leaders are worried that many franchise businesses will close shop, and millions of employees will lose their jobs. This is according to a report prepared by the […] ‘Honesty, Accountability and Quality’ Ads Up Domino’s SalesDomino’s Pizza took a turn-around by resorting to non-traditional ads. To bravely receive feedback from its consumers through its website and to own up to its failures were initially thought to be risky moves. But eventually, the company was rewarded for its honesty, accountability and improved recipe. Bloomberg Businessweek says that this has earned Domino’s […] Commercials Reflect Tough TimesCompanies and advertising execs are in a dilemma during these rough economic times. They try to connect or empathize with their consumers through their commercials. Tim Calkins of the Northwestern’s Kellogg School of Management told Marketplace.org, “Making sure advertising resonates is so important. And if your consumers are struggling economically, then the message has to change […] Just Remember… “Guys” Buy Stuff Too“I’m surprised you aren’t mad at me… I thought you might hold it against me for killing 3 of your guys.” – John Smith., Last Man Standing, New Line Cinema (1996) There’s been a number of girl books published recently that put down the “pre-adulthood” male (they call them guys). With trepidation, we enter into […] Former Employees Learn to be EntrepreneursFormer employees have difficulty looking for new jobs. To keep afloat, they start new businesses or buy franchises. Although one has to undergo a completely different work environment from being an employee to an entrepreneur, some consider being a franchisee less risky. There is already an existing name and reputation. In an article that appeared […] Facebook To Help Franchise GrowthFacebook, the leading social media network, joined the International Franchise Association (IFA) as a member, the IFA announced. It has also teamed up with the association to boost growth of the over 800,000 US-based franchises. In 2012, it will offer free advertisements to local businesses. It told The Street that it will email companies with […] Franchise Advantages – Want To Be a Franchise Owner?Franchises these days are into all kinds of businesses – food, retail, clothing, repairs, salons, spas, services, are more. The United Franchise Group has over a thousand franchises with a high percentage of success. The Palm Beach Post cites an IFA (International Franchise Association) Educational Foundation report that more than 90% of franchisee contracts are renewed. […] McDonald’s Offers The McRib Until November 14McRib, the famous but elusive offering of McDonald’s, is available this fall in all US stores according to Huffington Post. Local franchises usually determine when and if this McDonald’s product is available but because it was such a hit last November, McDonald’s Corporation is bringing it back this year and nationwide until mid-November. The McRib […] |
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