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Educating Tomorrow's Franchisees
July, 2012
Author Image Greetings!

Well, I have one foot out the door and am ready for a vacation. How about you?


Latest news is that The Educated Franchisee was featured on Page 11 and 12 of the July edition of Bottom Line Personal. Bottom Line Personal is a 32 year old investment magazine specializing in 'Inside Information From The World's Best Experts' (their catch line, not mine).


This subscription based newsletter is produced on a monthly basis and provides advice on a number of topics. If you wish to take a look at the article, click here.


Thought for the day.


As you go through your day today, ask yourself 'Am I living an empowered life? As well as claiming the victories, do I also accept full responsibility for the losses? Do I tend to blaming others when something does not go my way?'


If you are blaming others, then create a plan to retake control. Remember, 'if you don't know where you are going, any road will get you there'. Figure out where you are going, accept the fact that you are fully responsible for your life, and then do it. I know it sounds obvious, but only you can make it happen.


Hope you enjoy this month's newsletter. Have a great summer.





Rick Bisio
Apple Image Best and Worst States for  Small Business Owners

How business-friendly is your state? A new study offers some answers.


In partnership with the Kauffman Foundation, conducted a survey of over 6,000 owners of small businesses (most with 5 or fewer employees) throughout the U.S..The survey focused on how small business owners viewed the economic climate and overall environment facing them in their specific regions.  


Business owners were asked to rate their cities and states across a number of different categories that affect the success of small businesses. Their responses were then converted into numerical scores and ultimately each region was assigned a grade--A+ through F--for each category in the survey.


 Go to Inc, Click Here
Apple Image A Category with Economic Growth?  Entrepreneurs


The United States unemployment rate may be stuck for another month at 8.2%, but historical stats from Ernst & Young point to economic strength among entrepreneurs.


Ernst & Young reports that among the 636 companies competing for its nationwide Entrepreneur of the Year award, hiring was up 31% in 2011 to nearly 700,000 people, compared to two years earlier, and revenue grew 48% to $165 billion.  


"A lot of these companies are led by entrepreneurs who are visionaries and passionate to bring new ideas to market. They see opportunities others probably have missed," says Bryan Pearce, director of the Entrepreneur of the Year program in the Americas. "You cannot grow at this rate if you're just trying to steal share from someone else."


Go to Inc., Click Here
Apple Image Business Ownership On The Side: Keep Your Job

Prasad Raju has a good job as an IT architect, but he's lately been feeling like he could use a larger financial cushion.  So he's opening a Great Clips for Hair salon within the next few months.

But Raju doesn't plan to ditch his 9-to-5, nor does he plan to master the art of Zooey Deschanel bangs. Instead, he's going to hire a manager to run the operation while he continues working.

Raju is one of a relatively small percentage of franchise owners who manage their franchises remotely and keep unrelated, full-time jobs on the side. Franchise experts say there's been a recent uptick in interest in this type of arrangement among owners who hope to both generate a second income stream and to hedge their bets in case of layoffs in their industry.
Apple Image Parents Choose Business Ownership Over Corporate 
Some families where either the mom or dad decided to stay at home with their kids during the early years have decided against going back to the corporate craziness and instead are choosing entrepreneurship.

"My husband and I wanted to do something together for our family. Returning to my previous employer was not an option due to traveling and the required time spent from home," says Schomburg, who formerly worked for a new home builder overseeing owner walk through and inspections.


Go to Forbes, Click Here 

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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.

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Author - Rick Bisio