Recently we’ve started exploring an often over-looked sector of American small business – franchises. Franchising is a major part of our economy, accounting for 4-5% of the country’s GDP, according to the IFA. It’s also a great way for people to be their own boss and open a business, without having to start from scratch. A misconception amongst would-be franchisors, however, is that they’ll get everything they need from the main-office. While that’s partly true, there are a lot of ways MyCorp can help franchisors.
We act as another level of support
When you buy into a franchise, you usually get three things from the head office – a right to use its name, access to its system of success, and some assistance when you first start out. Continue reading
Intelligent business owners recognize that their most important asset is their team. Your team is the face of your company to the customer and the ambassadors of your brand.
Here are four important things to consider when hiring your staff:
- Hire, train and fire based on your values. Once you establish the values of your organization, it’s important that those hired actually live and demonstrate those values. If they can’t, won’t or don’t—move ‘em on out. They could be an amazing fit for another business and won’t undermine the type of culture you want. Continue reading
Most entrepreneurs use one or many forms of small business financing to start a business.
Here are a few helpful ideas for what you can do to set yourself up for success:
- Decide What Type of Business You’ll Open