Joel Libava's Blog: The Franchise King Blog, page 71

Quiznos CEO Gone: The Shakeup Continues

Admittedly, it’s been a while since I’ve reported on Quiznos. That’s because things have been eerily quiet, news-wise, for the Denver-based franchise chain. Until last week.

The Denver Post:

“Quiznos’ president and CEO has stepped down after just 16 months on the job, saying that he needs to spend more time with his family.”

So, the CEO is gone. The shakeup continues.

More Family Time For Doug Pendergast?

Let me start off by saying that I’m all for family time. Most of us (me included)...

Excited About Buying A Franchise? You Won’t Be In One Moment

This Is Going To Get Ugly

Are you excited about buying a franchise?

Great!

Have you found a few franchise opportunities that interest you?

Frantastic.

Are you currently doing serious research on a franchise business or two?

Good for you.

Are you in the process of writing your franchise business plan ?

Excellent news.

Did you apply for your loan ?

That’s how to stay ahead of the game.

Are you about to sit down with a franchise attorney ?

Smart move.

Are you getting ready to write a ch...

How The Franchise Community Can Show Military Veterans Their Gratitude

I couldn’t see myself doing it. I’m just not wired that way. I do whatever I can to avoid physical pain. That’s whyI could never serve in the military.

If I would’ve been born in the early 1950’s instead of the late 1950’s, I would’ve been eligible for the military draft. If that had been the case, I would’ve pulled a Muhammad Ali. And, it wouldn’t be for religion reasons, as was the case for Ali.

I would’ve flown the coop because I would’ve been scared of dying, or of getting partially blow...

27 Great Quotes For Future And Current Business Owners

Being in business for yourself is full of ups and downs. There are “what else can go wrong” days. And, there are “I need to get some of this cash over to the bank right now” days…great days. If you’re a franchise business owner or an independent business owner, you’ve experienced both.

Now, if you’re in the process of deciding on a franchise business to buy, you’re experiencing ups and downs, too. One day you’re feeling super-confident about buying a franchise…about becomingyour own boss.Not...

Dog Hotels: What Is Our World Coming To?

Dogs. They’re man’s best friend. They’re friends to many, actually. Lifesavers even.



Wasn’t that a nice story?
(Heck, even if you’re not a dog lover like me, it was still pretty great.)

Stories like the one shown above are wonderful for the pet industry. It’s PR at it’s best. (Not that the pet industry needsit, as you’ll see in a moment.)

Dog Hotels And Other Pet Care Services: Some Statistics

The International Boarding & Pet Services Association (IBPSA) provides pretty solid industry sta...

How To Research A Brand-New Franchise Opportunity

(A bit confused)

You’ve found a new franchise opportunity that really interests you.

This franchise seems to have everything (so far) you want in a franchise business.

It has a low cost of entry There’s plenty of territory available near you You like the product

But…

It’s a brand-new franchise concept. There is no track record to speak of. You’re starting to think that you may be about to make a risky move. But, you really like the concept. You “think” you can make it work in your neck of...

Franchise Business And Small Business News Roundup: May

Here’s what’s happening news-wise, in the world of franchising and small business for May. Feel free to pass these stories around!

The biggest news, and it’s close to my heart because it affects our military veterans. It has to do with Amazon.com.

Amazon CEO Jeff Bezos has just vowed to hire 25,000 veterans and spouses of active-duty military personnel over the next five years. This is huge! It’s great to see a U.S. company step up. Returning military veterans (and their spouses) are having...

Can Choosing The Right Franchise Make You Rich? Part 2

Hell to the yes!

If you choose the right franchise-and do great research on that franchise, there’s a good chance you can create a nice revenue stream as an Owner. You may be able to build real wealth, too.

In Part 1 of “Can Choosing The Right Franchise Make You Rich?” I wrote about all the money franchising (as an industry) takes in every year. I showed you how to start aligning yourself with the right franchise opportunities. I also talked about setting your own personal budget for a fran...

The Difference Between Buying A Franchise And “Thinking About” Buying A Franchise Be Like

Huge.

Ask anyone who’s done it. Buying a franchise and ” Thinking about buying a franchise” are vastly different.

They’re as different as:

Pink Floyd And Barry Manilow

Sunny and Cloudy

A smart carand an Expedition

A superpower and a wanna-be superpower

A franchise consultant and a franchise advisor

Buying A Franchise And “Thinking About Buying A Franchise”

It’s one thing to “look” at a few different franchise opportunities. There’s really no harm in doing that, right? No risk? Only potentia...

Watch National Small Business Week Cybersecurity Panel Discussion Live

The importance of cybersecurity in today’s small business world can’t be overstated. All sorts of small businesses are being targeted. Mom and pop businesses all the way up to multi-unit franchise businessescan sometimes bear the brunt of cyber-attacks. But, why are small businesses targeted?

From Small Business Trends:

“The reason cyber attackers target small businesses is simple: it’s easier. They’re often less secure, with a smaller security budget, and the mindset that they’re too insi...