There are a few significant differences in financing a multi-unit franchise versus a single unit, though many of the same financing solutions will work for both. Aside from the usual cash, credit cards or even asking for financial support from family and friends, the most common methods used to…
If change is the only constant in life, then the business services industry is proof. That’s because this industry that was originally founded on paper copies, faxes, and delivery of snail mail and oversized cardboard boxes is now adapting to the changing times of our technological world by…
For decades, small business owners and corporate America workers have relied on business service centers like The UPS Store for all of their copying, printing and shipping needs. While the business services industry at large has had to adapt to the new ecommerce frontier, business services are still…
Jeff Toren had spent his entire corporate career in engineer software sales and had worked his way up the corporate ladder to a VP of Sales position. Realizing he was at a crossroads where he could stay in his corporate career or start his own business, he chose to invest in himself and bought two…
The days of depositing hand-written letters at the post office and printing lengthy documents are fading as fast as new apps and text emojis are being created. From corner shops to multimillion-dollar corporations, everyone has gone – or is going – digital, diminishing the need for traditional…
If you’re still having trouble deciding which type of business is right for you after reviewing the above steps, it’s time to take an in-depth look at the differences between owning an independent business versus a franchise. Both options have benefits and challenges, and both will make your…
You don’t have to look like a body builder to be a fitness buff – everyone from your sister to your neighbor is strengthening and lengthening in a gym or fitness center. Fortunately for business owners, all of those new and existing memberships are adding up: 2015 revenue for the industry was…
Terry Powell, Founder of The Entrepreneur’s Source, and David Nilssen, CEO of Guidant Financial, discuss misconceptions and common mistakes franchisees make.
Picking the right business structure is one of the biggest decisions that entrepreneurs make when starting a new small business. To protect personal assets from…
No longer just a low-fat ice cream imitation, frozen yogurt has exploded in popularity over the last seven years, thanks to the emergence of tart…
An increasing number of entrepreneurs are capitalizing their small business or franchise with their own IRA or 401(k) funds, without taking a taxable distribution or…
If you’re starting a small business, one of the first lessons you’ll learn is that it takes money to make money. A business is an…