Archive for

Best Franchises to Invest In

Investing in the right franchise opportunity requires the gathering and analyzing of a great deal of information. Choosing a franchise based upon current or short term trends should not be the criteria. The demand for products or services during the next decade is more important. This article provides a look into the future and where the best franchise opportunities will be. Some of these may surprise you.

When looking to purchase a franchise its common practice to follow a simple path:

  • Identify the types of franchises that interest you and that you’re qualified to operate.
  • Establish the amount of capital available to invest in the new franchise.
  • Find the franchise opportunities that meet the above standards.
  • Evaluate and validate the franchises you select.

Each of these steps requires gathering and reviewing the right information. A key step in this process is having an understanding of what the future may hold for a particular franchise. There are a number of franchises that are like a shooting star only to be burned out in a few years.

Let’s look into some projections from 2010 to 2015:

Population Projections from U.S. Census Bureau

  • The number of people in the U.S. over 65 years of age will grow from 40 million to 47 million an increase of 16.5%.
  • The percent of the population of those 65 and older will go from 13% to 14.4%
  • By 2015-1 in 7 people in the U.S. will be 65 or older.
  • The number of Hispanics in the U.S. will grow from 50 million to 58 million an increase of 16%
  • The percent of Hispanics in the population will go from 16% to 17.7%
  • By 2015-1 in 5.6 people in the U.S. will be Hispanic.
  • By 2015 – 1 in 20 people in the U.S. will be Asian

Based upon this data, the franchise categories that should benefit from population trends and resulting demand for products and services are the following:

  • Health and Fitness Franchises that include home healthcare, fitness and recreational sports centers, medical services and other services for the elderly.
  • Personal Care Services including beauty products and services, massage therapy and related services.
  • Facilities support services such as office administrative services, janitorial services, IT services, temporary employment agencies.
  • Home Service Franchises such as lawn care and landscaping, cleaning services, pest control, handyman, home care services focused on the elderly and security services.
  • Accounting, tax preparation, bookkeeping and payroll services
  • Food Franchises such as Mexican and Asian restaurants and healthy cuisine concepts. Food delivery concepts.
  • Children’s Services that provide tutorial, supplemental educational services and programs for learning disabled children. Educational and recreational services reduced or eliminated as a result of funding reductions.

As the United States moves beyond 2010, demographic changes will alter the marketplace and impact the demand for particular goods and services. Franchise concepts will react to and reflect these changes. Individuals looking to purchase a franchise should be mindful of the changes taking place in the marketplace and make their choice accordingly. As always there will be some unique franchises that will be introduced, however, it will be important to determine if the unique franchise reflects a fad or has a sustainable market to sell to.

How You Can Benefit From Coaching If You Are A Small Business Owner

The benefits of coaching are endless: it brings clarity, provides accountability, keeps you on track, helps you discover the right direction, etc. However, different segments of customers benefit from coaching in different ways, and there are naturally some specific benefits for small business owners or even “solopreneurs”.

Firstly, let me say, I can easily relate to your struggles and challenges, having been a small business owner for over 6 years. Therefore, I am going to walk you through the aspects of coaching that can be specifically helpful to you and hopefully by the end of the article you will be convinced that hiring a coach is an investment well worth making.

1.) Whether you are a seasoned, successful business owner or a start up, one thing is for sure – throughout the process of running your business you will constantly be questioning your next steps and the decisions you need to make. Sure, you will probably discuss these with your family, friends, or even colleagues if you have any, but the truth is nobody will be able to give you the right answer better than a coach. Why? Because the coach will not give you any answer. The coach will make you think for yourself, to dig deep for the right answer which you have known all along; you just didn’t trust yourself enough to take YOUR answer, as opposed to the answers you received from others, as the right one. Imagine how much time you waste by asking around, hesitating and deliberating. One laser-sharp coaching session on the subject will leave you clear and convinced about the best next step.

2.) I have already touched upon the issue of trust in the point above. Being able to trust yourself and have confidence in your business when things donĀ“t look rosy is a very rare feature amongst small business owners, especially those who are new to this business group. One of the major objectives of any honest and experienced coach will be to help you operate from a place of self-belief, positivity and motivation. The coach will help you to approach each and every project from the perspective of “happy anticipation”, meaning expecting a positive outcome rather than stressing over self-induced doubt and insecurity.

3.) When talking to various small business owners, I often hear the impact that their responsibility has on them. And it is overwhelming. Being a business owner is not for the faint hearted. The complexity of it all is never ending. There is the need to sell and generate the revenue. To achieve that, there are numerous (and not always successful) marketing and promotional efforts involved. There is the accounting, the networking, the admin, and a lot of interpersonal and team dynamics, if you have a team. Through it all, all you want to do is be as good a leader as you possibly can and put in place the vision that brought you originally to your business. And that is exactly where a coach fits in. He will always, I repeat always, be able to bring you back to your initial dream and enthusiasm.

She will help you to find the way through your numerous responsibilities and assist you in understanding what is important and what can wait or be delegated. Your coaching session will allow you to relax into who you really want to be while remaining accountable for all you want to achieve.

You can look at having a coach as like having a personal spring board where your opinions are heard, challenged but not diminished. You can also view it as a time when your intuition is allowed to flow and when no ideas are too crazy, too ambitious or flat out outrageous. During a coaching session, you are assisted and supported but not allowed to get away with excuses. And remember, a coach is a small business owner too, so he/she understands you really well.

Some Points to Consider Prior to Investing in a Reverse Osmosis Water Dispenser

For a long time now there are many who rave about the quality pure water a Reverse osmosis dispenser provides. In fact numerous consumers on a daily basis invest thousands on complete home units, which are said to provide the best quality water at an economical price. Well sadly, this information is false and leaves many wasting large amounts of money while being mislead.

- The TFC style membranes become compromised by oxidation, therefore needing pre filtration with carbon style filters to effectively eliminate chlorine, which then destroys the TFC membranes. So they tend become self-defeating devices.

- Areas with hard water and low or inconsistent high pressure – do not have the ability to be effective. These devices require a high level of pressure to effectively contend with large levels of metals and salts to deliver healthy/pure results.

- The systems are only designed to block large particles and organic chemicals. Though, these days many harmful chemicals – such as prescription drugs, paint thinners etc. – and bacteria are small and can leak through membranes.

- Household units waste a lot of water. In order to receive 5 gallons of water in the outcome of the process, forty to ninety gallons are wasted. Not only is this wasteful from an environmental perspective, it is very expensive if consumers are paying per unit for water.

- The newer units with a pre filter system to catch more chemicals utilizing less hydraulic energy – needs to pass through 2 stages, to then again be pressurized, which greatly increases the energy necessary to perform. This greatly adds to costs.

- The (AMA) American Medical Association, have conducted laboratory tests many years ago regarding reverse osmosis water dispenser systems and “reverse osmosis was found to be CONCENTRATING the dangerous heavy metals mercury and aluminium”. It is well known that mercury and metals have been clearly linked to an array of neurological disorders. It makes one wonder how so many units are sold on a daily basis.

Understandably, there are savvy businessmen and sale people who give a great pitch. Though, with medical findings such as the above – hopefully more consumers can be informed of what they are actually purchasing. The units are often very pricey. Proper research and education is greatly necessary when searching for pure water devices. Choosing units to raise quality of health is the ultimate goal, yet taking steps to learn and compare items will be time well spent, especially considering risks of health and thousands of dollars essentially wasted.