Entrepreneurial Grit University of Pennsylvania psychologist Angela Duckworth defined grit as a “perseverance and passion for long-term goals”. There are several definitions of grit. For me, it is a growth mindset, a resilience that makes a person determined to bounce back from failures and setbacks. I talked about the growth mindset in my TEDx talk. ...
read moreFranchisee planning is critical for Franchises At the close of 2018, Bloomberg reported in the article, “American Chain Restaurants Had a Tough Year and 2019 Looks Worse,” that chain restaurants in the US could face a tough year ahead. This is a continuation of a weaker 2018 with franchise restaurants seeing slower customer traffic, giants ...
read moreThe Buying Decision Process New Year, New Career? It’s January, the start of a brand new year, and historically January is a month when franchisors are flooded with inquiries from potential recruits whose New Year resolutions include looking for a new career or challenge, seeking a change in direction or simply trying to escape a ...
read moreSubway Plans Franchisee Overhaul As we hurtle towards the end of 2018, it’s time to look back and reflect on some of the big franchise stories of the year. Earlier this year, franchise giant Subway made headlines when they implemented an aggressive restructuring program, closing or consolidating hundreds of stores across the US. Subway is ...
read moreWhat is a Contractor? Understanding the role of general contractors and subcontractors in making these projects happen can help you better optimize the results of your own construction management franchise business. Especially for us here at TransBlue, who uses work from general contractors.First, let’s look at what it means to be a general contractor or ...
read moreBut, there are key legal issues of private equity buying franchisees and franchise systems Attracted by the credible promise of a stable revenue stream in franchisee-paid royalties and limited capital investment, private equity investors’ interest in acquiring franchise chains has been increasing. As equity firms keep buying franchisees and franchise systems, certain legal issues might ...
read moreTop Mistakes when Owning Franchise If you’re looking to become a business owner, buying a franchise might be your ticket to self-employment. Rather than coming up with a unique business idea and mapping it out, by buying a franchise, you’re simply piggybacking on the success of an already established brand. It’s a great way to ...
read moreWhat is the number of on-site visits for year one? One of the most advantageous elements of owning a franchise is that the franchise owners are never in it alone. Established franchisors have diverse teams of trainers, marketing professionals, and sales coaches to help guide owners to be profitable. When buying into a Transblue franchise, ...
read moreNational Coalition of 7-Eleven Franchisees is Making a Statement NCASEF’s board of directors voted of No Confidence in the management of 7-Eleven Inc. 11/19/2018- The National Coalition of Associations of 7-Eleven Franchisees (NCASEF) plans to skip its parent company’s annual conference for the second consecutive year. An overwhelming majority of NCASEF’s board of directors voted ...
read moreHow to successfully utilize your investment to expand and grow Trying to expand and grow your investment is something that all franchise and business owners try to do. Keep reading for tips on how to accomplish this feat! 1. Utilizing Capital will help grow your Investment The most common barrier to expansion faced by today’s ...
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