The Educated Franchisee Insider

Educating Tomorrow's Franchisees

February 2012

Greetings!

I was recently introduced to a motivational speech presented by Arnold Schwarzenegger. The speech is focused on Success. What are the secrets to success? The 6 Keys to Success that Mr Schwarzenegger presents presents are a powerful way to start the New Year.

Listen to the speech and then put the 6 Keys To Success on your wall - I have.

1st Key To Success: TRUST YOURSELF:

Everyone is constantly getting advice from so many places but at the end of the day, the only thing that matter is what you want. Who do you want to be? This is the starting point from which everything else flows.

2nd Key To Success: BREAK THE RULES:

When you trust yourself, you can think outside the box. Arnold's point is, don't break the law but be sure to break the rules. The only way that you are able to move the ball forward is by breaking a rule.

3rd Key To Success: DO NOT BE AFRAID OF FAILURE:

You cannot always win but never be afraid to make decisions. Don't be paralyzed by fear. Keep pushing yourself and you will achieve success.

4th Key To Success: IGNORE THE NAYSAYERS:

Everyone is always saying that you cannot or should not do something. Pay no attention to these people. They will never do anything important.

5th Key To Success: WORK YOUR BUTT OFF!!!

There is simply no way around it. Work until it is painful, then go the extra mile. When you are relaxing, someone else is working. If you want to win, you must work hard. That's life.

6th Key To Success: GIVE BACK.

Nothing is more rewarding then giving back. Tear down the mirror that always makes you look at yourself and look beyond. Reaching out will give you more satisfaction than anything you have ever done.

To listen to the speech, click HERE Hope your 2012 is off to a great start.

Respectfully,

Rick Bisio

Real Estate Market is Beginning to Normalize

NEW YORK (CNNMoney) -- Mortgage delinquency rates among U.S. homeowners have fallen to their lowest levels in a few years, according to a report Thursday from the nation's mortgage bankers.

The quarterly National Delinquency Survey from the Mortgage Bankers Association (MBA) reported that the rate of mortgage borrowers at least one payment past due or whose homes have been repossessed by their banks declined 0.22 point to 13.56% at the end of December, their lowest level since late 2008.

That, according to Michael Fratantoni, vice president of research and economics for the MBA, was very welcome news.

"I think we've turned the corner as concerned with loans 30 days late," he said. "It indicates that the economy has improved." ....

Go to CNN.com, Click Here

Wealthy Individuals Trust Business Ownership

It's not unusual for America's wealthiest individuals to invest through angel groups or sit on boards at venture capital firms. But these days the superrich also want to own and operate small companies.

"Small business owners looking to sell are going to find a lot more people interested in buying them," predicts Rosenthal. "Most people who are ultra-affluent can, at the end of the day, trace their money back to a business. There's a sensibility associated with running a company-creating a product or intellectual property, employing people, creating jobs-that makes you feel more like you're controlling your own destiny," she says, adding that even corner bakeries with as little as $1 million in annual revenue might be attractive to her membership.

Go to Busness Week, Click Here

'Failure Wall' Inspires Success

Jeff Stibel was trying to motivate his employees to feel more comfortable with the idea of taking risks.

So late one night the CEO of Dun & Bradstreet Credibility let himself into his Malibu office, painted a wall in the company's recreation area white, and with the help of his wife, stenciled quotes from famous people that he hoped would motivate his team.

Quotes like this, from Thomas Edison: "I have not failed, I've just found ten thousand ways that won't work."

And this, from Michael Jordan: "I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times I've been trusted to take the game winning shot and missed. I've failed over and over again in my life and that is why I succeed."....

Go To CNBC.com, Click Here

Job Market Is Expanding Once Again.

After nearly three years of unemployment, David Mote will be back at work next week, overseeing construction of a medical school building in Dothan, Ala.

After losing 2.2 million jobs in the economic downturn, the construction industry is projected to add 113,000 this year, more than doubling last year's pace and placing it among the fastest-growing sectors, according to a 2012 job market forecast by Moody's Analytics. Even a moderate rejuvenation of the troubled sector - thanks largely to a multifamily building boom - helps the economy because of its ripple effects across industries such as furniture, steel and concrete.

The job outlook has brightened the past two months as higher consumer spending, improved business confidence and a stock market rally have somewhat eased concerns about further shocks from Europe's financial turmoil.

Go to USA Today, Click Here

Our Books

The Educated Franchisee

The Franchisee Workbook

Franchise Glossary

Kindle Edition

There is a reality in life. Greater knowledge drives better decisions and better decisions reduce business risk. Franchising is all about risk reduction but not all franchises are low risk. Our books are designed to empower you. By following the advice and guidance presented in our books you will recognize high quality franchises and confidently pass over those that are not.

Quick Links

Franchise Consulting

Financing Information

Recomended Reading

Franchising Magazines

Thank You

Thanks for your interest in business ownership. If there is anything we can do to improve this newsletter or any articles that you think would be valuable to our membership, please let us know. Some of our best ideas come from our members.

Contact Information

Author - Rick Bisio, rbisio@educatedfranchisee.com