Your Franchise Coach News

Happy Memorial Day

Greetings from your franchise coach,

In honor of the men and women who are and have served our country, thank you. My quote of the month is about Courage.


You will never do anything in this world without courage. It is the greatest quality of the mind next to honor.................Aristotle

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Franchise Growth Remains on Track in 2014 but Hurdles Remain

IFA April 2014

WASHINGTON, April 7 – Despite slower than expected growth in 2014 so far, the outlook for franchise growth remains strong with employment and output forecasts revised up slightly from January estimates, according to research released today by the International Franchise Association (IFA) Educational Foundation. Developed by IHS, The Franchise Business Economic Outlook: 2014 second quarter update shows that the franchise industry will create more jobs and grow at a faster rate in 2014 than the national economy and contribute more to the U.S. GDP than the industry did in 2013.

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On Third Anniversary of White House Joining Forces Program, IFA Highlights Achievements of Veterans in Franchising

On the third anniversary of the White House Joining Forces Program, launched April 2011, the International Franchise Association remains committed to providing veterans with the professional skills and entrepreneurial knowledge they need prior to working in or starting a franchise through its veteran transition program, VetFran.


“Franchise businesses realize that creating employment and small business ownership opportunities for veterans, military spouses and wounded warriors is not only the right thing to do, but it makes good business sense,” said IFA President & CEO Steve Caldeira. “Veterans thrive in the franchise industry because they are used to following systems and structure, work as part of a team and truly understand what leadership is all about. This is exactly how the time-tested model of franchising works, by following that same proven and successful template. Together, with the education provided by the IFA and the opportunities and incentives offered by an all-time high of 630 VetFran-participating franchise companies, our industry is opening doors for many veteran entrepreneurs to start and grow a franchise suitable to their interests.”


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6 Tips for Productive Time Management BY Kevin Daum


There never seems to be enough time. Here are six tips for making the most of what little you have.

1. Keep a time log. Intention is the key to being more productive. I have to focus my time on the highest manner of productivity. That means not leaving things to chance. In order to remove inefficiencies, I first have to know where they are. I'm keeping a log of time spent on my calendar in order to identify inefficient tasks I can delegate or improve. This past year, I logged my writing time with my column and improved my writing efficiency from 3.5 hours per column to less than 2 hours.

2. Add music to solo tasks. One of the ways I reduced my column-writing time was with a specific music playlist. I grouped songs into 30-minute increments. Now when I write, I set my pace to that specific play list.

The music acts as a metronome keeping me in a rhythm. It also lets me know by which song is playing how far ahead or behind I am on the pace without having to clock watch. Lastly, the earphones keep me tethered to the computer, so I'm less inclined to get up for distractions. I'm now adding this to other reading, writing, and thinking tasks.


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Menchie's, ShelfGenie and Bricks 4 Kids named among top new franchises

Entrepreneur online April 2014

Menchie's, Orange Leaf Frozen Yogurt, ShelfGenie Franchise Systems and Bricks 4 Kidz ranked in the top five of a recently released list of top new franchises to watch, which is comprised of companies that started franchising in the past five years. The list includes 15 fitness franchises, marking a growing trend in the industry, as well as senior care businesses, disaster-restoration companies, personal-electronics repair franchises and paint-and-sip studios.

Why Athletes and Veterans Make Incredible Franchisees

Entrepreneur by Joe Prusha

It's a common – and accurate -- notion that athletes and former military personnel make good entrepreneurs. All three must operate simultaneously as creative individuals working for their own benefit and teammates striving for the good of the unit.

The athlete-entrepreneur parallels are many, but perhaps the biggest similarity is that both groups tend to be risk takers who thrive on the novel, but still have to put in the hard work and training to reach their goals.

The same holds true for ex-military, like Lindsey Gentry. Lindsey opened Erbert & Gerbert’s Sandwich Shop’s first location in San Marcos, Texas, last fall.

Lindsey was a lawyer before she joined the Army in 2006. She spent 15 months in Iraq, where she commanded two companies. She was an officer for almost six years before leaving the service. Her last post was as company commander, Headquarters Support Company, Warrior Transition Brigade – a recuperation program at Fort Hood, Texas, that helps soldiers transition back to civilian life.

Her Army career (along with being a frequent customer of ours when she was a student) gave her a solid foundation to be the kind of entrepreneur we want.


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Happy Memorial Day

THIS MEMORIAL DAY


WE SALUTE THE MEN AND WOMEN

WHO HAVE MADE THE ULTIMATE SACRIFICE

WHILE SERVING OUR GREAT COUNTRY

So, if you are ready to start exploring business ownership again? Send me an email phyllis@yourfranchisecoach.com or give me a call at 425-922-4126 and we can reconnect. Below is a Get Started button - click on that and download our Confidential Questionnaire. It would be my pleasure to help you.

Happy May.

Your franchise coach,

Phyllis

About Us

I use my passion for people and my 30+ years in the franchise industry to guide fledgling entrepreneurs through the franchise selection process. In my franchise career, I have done it all, including working for franchisors, consulting with franchisees, and owning franchises myself. This depth of experience makes me ideal for helping place new business owners in the right concept for them. I have trained a myriad of others, in the U.S., Canada, and the U.K. to use my tried and proven approach to franchise business selection.