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 Educating Tomorrow's Franchisees
March, 2015 
 

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Many years ago I listened to an interview of a well known author. As the interview progressed one of the questions had to do with writers block. The interviewer wanted to know what special things the writer did to reinvigorate his creative juices. 'Do you kayak, hike, watch a sunset, .... Where to you find inspiration?"

The author's answer was insightful. "I find inspiration by doing. I sit down at the typewriter and begin writing. Inspiration is not found on the top of a mountain, it is found through good, old fashioned, hard work. On difficult days the product may not be very good but sometimes I stumble onto an idea that becomes pivotal to the story line. Activity drives results in my case."

What the author shared is true in so many parts of our life. We have all seen friends who talk about finding the perfect business, job, home, .... They look and look but they are never 'inspired' enough to actually do anything. These types of individuals need to find the perfect answer prior to taking action. As a result, they never accomplish anything.

 

On the other hand, we have also seen the person that simply begins to work. This type of person does not look left or right. They may not have a college degree and they never expect the heavens to part and show them the golden path. They simply work. Days become months then years. One day they realize that they have built an incredibly successful business. They have no debt, send their children to the best colleges and retire well.   

 

'Dreaming' is good but 'Doing' is the only form of real progress. Remember the old question - 'How to you climb a mountain?' The answer is simply - 'one step at a time'.   Or, as Yogi Berra might have said, "If you are not moving, you are not going anywhere."

 

If you wish to share your thoughts on this subject, click here to visit our blog.

   

Respectfully, 

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Rick Bisio
Founder of The Educated Franchisee
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Employers Add 295,000 Jobs as Economy Keeps Rolling

 

Amid signs of turmoil overseas, the U.S. economy keeps chugging along.  

 

The U.S. economy gained 295,000 jobs in February, the 12th consecutive month employers added more than 200,000 to their payrolls. Meanwhile the unemployment rate dropped to 5.5%.

 

This is yet another sign of an improving - or what economists would call a "tightening" - labor market.

 

The rate at which workers are quitting their jobs has risen near levels not seen since before the 2007-2009 recession, implying that workers are feeling more secure that better opportunities lie ahead.


Go to Money, Click Here
12 Tax Deductions For Your Small Business

S
mall-business tax rule No. 1: Don't mess with the IRS.

But that doesn't mean you should cheat yourself. Take every legal deduction you can. Here are a dozen that even savvy small-business owners and entrepreneurs sometimes forget:


1. Home office:  Concerned that claiming a home-office deduction is tantamount to sending an engraved invitation to an Internal Revenue Service auditor? Don't be, says Jan Zobel, author of "Minding Her Own Business: The Self-Employed Woman's Guide to Taxes and Recordkeeping."

"I don't agree that chances of getting audited are greater with a home-office deduction," says Zobel, a San Francisco Bay-area tax expert, who specializes in serving the self-employed. The key is that you use the term "home office" the same way the IRS does. The tax agency says it must be a space devoted to your business and .... 

 
Go to Bankrate.com, Click Here 
Franchise Business Economic Outlook Report for 2015

 

The International Franchise Association recently released its annual Franchise Business Economic Outlook for 2015 and prospects for the franchising industry are looking good.  According to the report prepared by the IFA's Educational Foundation and HIS economics, franchise businesses are once again projected to grow faster than the rest of the economy in this new year.   The IFA summarized the following takeaways in a recent press release:
  • Franchise businesses will add 247,000 new direct jobs this year, a 2.9 percent increase to 8.8 million direct jobs, over last year.
  • The number of franchise establishments will grow this year by 12,111, or 1.6 percent, to 781,794.
  • Economic output from franchise businesses is estimated to increase by 5.4 percent over last year to $889 billion.  .......
Go to Franchise Law Update, Click Here
10 Great Business Lessons from Mark Cuban       

1)    Learn to sell. In business you're always selling - to your prospects, investors and employees. To be the best salesperson put yourself in the shoes of the person to whom you're selling. Don't sell your product. Solve their problems.

 

2)    Customers want to see that you have other customers. When Mark started MicroSolutions he did the work for his first customer free - only charging them the cost of the software. He called it his, "no money down approach to start a business.'"

 

3)    "Everyone has got the will to win; it's only those with the will to prepare that do win." Mark Cuban paraphrasing Bobby Knight.

 

4)    .....

 

Go to Brad Aronson's Blog, Click Here 

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Author - Rick Bisio
,  rbisio@educatedfranchisee.com