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Educating Tomorrow's Franchisees
Nov, 2014
 

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Have you ever heard anyone say, "You are what you eat"? If you eat too much unhealthy food, eventually you end up with an unhealthy body. The same relationship occurs with fuel for your car. Fill up with bad fuel and the car will not run well. We all know this is true.

 

Well guess what, same is true with your brain. What you read, watch and listen to, has a dramatic impact on how you think. Our brain is truly amazing. It takes the fuel we give it, information, and uses that fuel to think through situations and eventually make decisions. The decisions we make have a direct impact on our life style, family, wealth and happiness.

 

So, the question is, what type of fuel are you providing your brain? Is it constricted to one subject area or is it expansive covering many topics. Do you prefer to feed your brain fiction or non-fiction? Do you gather information on the side of an argument you prefer or do you try to maintain balance by learning about each different point of view?

 

As you move toward the New Year, I would suggest that become aware of what you are feeding your brain. You don't stop learning once school ends. Learning is a life-long process. You can learn through books, the internet or TV but that is only part of the story. We learn by doing, by trying and by experimenting. If things don't go as planned, your first question should be, 'What can I learn from this experience?' and 'How do I leverage this experience into greater success in the future?'.

 

Remember you are what you chose to become. It all starts between the ears.

 

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Respectfully, 

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Rick Bisio
Founder of The Educated Franchisee
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NextGEN - Competition !! 
Young Entrepreneurs in Franchising.

The average age of the world population is under 30, and with one billion young people entering the workforce, the International Franchise Association Educational Foundation (IFAEF) is launching a bold new initiative to introduce them to the world of franchising.  Through a comprehensive marketing and educational campaign millions will be exposed to the franchise business model as they've never seen it before.

The "Young Entrepreneurs in Franchising Contest" is currently encouraging students and young entrepreneurs around the world to submit concepts for new franchise businesses or marketing ideas for existing franchise brands for the chance to win cash prizes, scholarships, and sponsored trips to the IFA Annual Convention next February in Las Vegas, Nevada.  The contest is being ....

Article about NextGen - Click Here
Interview on NextGEN competition - PodCast

Visit the NextGEN - Website 

4 Trends That Are Good News for Entrepreneurs  

 

Several years ago, entrepreneurship became the career path of choice for many victims of corporate layoffs and downsizing. But although the uncertain economy and unstable job market have improved considerably in recent years, business ownership remains a popular means of employment.

Within the broader category of entrepreneurship, franchising - becoming an independent owner and operator of an existing business model - has become a smart option for individuals who want the freedom of owning a business without the pressure of creating a concept from the ground up.

 

"Franchising as a whole is going to continue to be a very relevant part of our economy," said Aziz Hashim, president and CEO of NRD Holdings, Inc., an organization spearheading a franchising equity fund. "[With] continual changes in the marketplace for jobs, people will have to rely more and more on self-employment as a means of financial security. Studies show that the risks associated with franchises are significantly lower than [with] starting your own business, ......

Go to Business News Daily, Click Here
6 Essential Traits of Successful Entrepreneurs

 

As a franchise coach, I speak with people on a daily basis who are interested in becoming entrepreneurs. What surprises many people is that I never start by discussing available franchise opportunities.

 

Instead of leading with "Which franchise are you interested in exploring," I ask questions like "Why do you want to become a business owner?" and "Why do you think business ownership is the best path for you at this time in your life?"

 

This is important for any franchise consultant, franchise-development executive or prospective franchisee because a lot of valuable time and money can be wasted if a prospect does not consider his ....
 
Go to Entrepreneur.com Click Here
Pro Athletes Find 2nd Career in Franchising.  

T
hey've won trophies and championship rings. They've been feted by the press and the public. They've got millions in the bank.

And now they're prime candidates for franchise ownership.

 

Over the past few years, pro athletes have become a rising presence in the franchise world. Many chains have made recruiting former players a part of their game plan for expansion, hosting seminars and networking events and offering support to get the stars up to speed on running a business. 

 

More athletes, meanwhile, have gotten intrigued by the prospect of running a franchise after seeing prominent names strike it big as owners. Junior Bridgeman, formerly of the Milwaukee Bucks, has built up a portfolio of companies that oversee hundreds of franchises, including Wendy's , Chili's and Fannie May Fine Chocolates. Another former National Basketball Association star, Jamal Mashburn, has an ownership interest in more than 70 franchise restaurants .......... 

 

Go to Wall Street Journal, Click Here 

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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.
 
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Author - Rick Bisio
,  rbisio@educatedfranchisee.com