Nigel Mayne
CFE
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The Small Business Franchise in 2011
We’re now well into February 2011 and those New Year resolutions likely are forgotten dreams. Except for that one significant promise, to become master of your own destiny and invest in your own business.
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The Way To Buy Your Franchise
It’s never a bad time to launch your own business. While a start-up venture in a booming economy seems destined for success, the smart selection of the right franchise opportunity can lead to success whether times are good or bad.
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Taking On a Small Business Franchise
Taking on a small business franchise as the recession eases may be less of a risk than you think. It is certainly easier in a recession to find the better performers and the strong brands, as well as a product or service with a demand that is still growing and will outlast your long term exit strategy.
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Nigel Mayne`s Start Up Plan for the Successful Small Business Franchisee
In the last 30 years, the franchise has grown into one of the most recognized and reputable business models on a worldwide basis. According to the International Franchise Association, there are over 767,000 franchises in the U.S. alone, providing nearly 10 million jobs and contributing $624.6 billion in business annually. In the UK, the franchise industry is growing at twice the rate of the entire economy according to a NatWest/British Franchise Association study released in 2009.
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A Franchise Or Network Marketing? Nigel Mayne Discusses
For any number of reasons, small business entrepreneurs look for an investment opportunity to make it in their own business venture as opposed to having one or more income streams from salaried positions in the workforce. Most likely have to borrow to finance not only start up and initial fees costs, but also to cover working capital requirements for some time. Those new to self employment know they need a proven business model. Friends may have suggested network marketing options, and yet the very public front of a successful franchise system is more attractive.
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