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  1. “HORN IN" On Franchise / Business Ownership a monthly post with blurbs, links, and other words-of-wisdom regarding self-employment; career transition; and franchise / business ownership; as well as information for business owners who may be interested in franchising their business. September 2017 Franchise Opportunity Knocks Self-employment Beckons Start answering the call right here. News you can use to help you find The right franchise / business opportunity for you. Top 10 Traits of Successful Franchisees Ever wonder whether you have what it takes to be a business owner? Start-ups are typically the work of ‘Type A” personalities who live for disrupting their industry. If that doesn’t sound like you, it doesn’t mean you won’t make it as a business owner. In fact, those Type A’s aren’t necessarily the best fit for certain business models, such as a franchise. While they do share some common traits, there are a few personality traits that are ideal for franchisees. Entrepreneurs and Franchisees both tend to be: Decisive From sales and marketing to financials and operations, business owners face decisions every day. If you don’t feel comfortable making decisions – especially on the fly and without doubt – business ownership, whether start-up or franchise, might not be for you. On the other hand, if you thrive in fast-paced environments where you are called on to make quick, smart decisions, keep reading! Ambitious Business owners in every industry must be driven and continually look for new ways to succeed. Successful entrepreneurs and franchisees thrive on setting and obtaining measurable goals. They are able to stay focused and enjoy all the challenges that business ownership entails. Problem Solvers Whether dealing with customer complaints, product malfunctions, employee issues, or a myriad of other problems that may crop up, business owners need to be willing to compromise, able to think on their feet, and open to finding unique solutions to problems. Willing to learn There’s not much room for ego in business ownership. To be successful, you must be willing to constantly learn and grow in your field. The ability to accept critical feedback, training, and guidance is an important quality in a business owner. Every situation should be seen as a learning experience that can help you become more profitable and successful. Flexible Businesses are rarely static and never boring! Both entrepreneurs and franchisees must be willing to adapt to changing circumstances and bounce back from failures as they establish a new business. Set-backs should only serve to push these leaders harder. Fiscally responsible Another trait that successful entrepreneurs and franchisees share is a responsible attitude about finances. You should have a healthy relationship with money in both your personal and professional life. The ability to understand the fiscal side of operations is critical, too. Business leaders who have a firm understanding of how to figure out profit and loss, labor and materials costs, and handle accounting for a business, will set themselves up for success. In addition to these six traits, start-up entrepreneurs tend to be independent risk takers. If that doesn’t sound like you, you’re in luck. Franchisees also tend to be: Structured While entrepreneurs typically don’t worry about (or even enjoy) structure, franchisees typically not only appreciate structure, but depend on it. A franchise provides owners with a structured model for success that includes a plan for getting up and running as well as branding and marketing support. Collaborative Franchisees like to play by the rules, and appreciate team work; common requirements for owning a franchised business. Rather than having to make all the decisions on your own, you can take advantage of a network of owners in the same situation who are working towards the same goals. They can offer advice, share successes and failures, and remind you that you’re not alone. Risk-averse Entrepreneurs who enjoy taking risks are great for start-ups, but franchisees are more risk averse than their start-up counterparts. While there is also some risk when you’re fully invested in something, a strong franchise with a proven track record of success minimizes that risk and provides a stable model to build from. People-centric Successful franchisees love being around people. They are natural communicators, and understand the importance of strong relationships with customers, vendors and colleagues. ********************************************************************************* Emerging “Green” Concept Interested in exploring an emerging franchise option that is “green”, environmentally friendly and saves money and a critical resource? Recently, I learned of an opportunity I find interesting, unique and believe will provide a valuable and needed service….Water Conservation. I live in San Antonio, TX. Our water supply is from an underground aquifer and is being greatly affected by drought and the increasing population growth in this area of the country. Several years ago, we were placed on water restrictions for a year or so. Then we had a couple years of abundant rainfall and the water restrictions were lifted. So far, 2017 has been dry and a couple months ago most of the municipalities in central Texas again implemented water restrictions. Throughout history, this area of the country has experienced periods of abundant rain and then drought. This will continue and our supply of needed water will be progressively impacted by population growth. Water will be an increasingly valuable commodity. Additionally, most people associate water shortages with the arid southwest and California. But, as the blurb below illustrates, water issues are problematic and escalating throughout the U.S. Even here in Minnesota, the Land of 10,000 Lakes, we have water shortages. One of our main water sources, the Prairie Du Chien Aquifer, has been over-tapped and stressed, which has found many municipalities and the MN DNR front and center to a large host of law suits. What illustrates best in our Twin Cities area the impact of irrigation systems is how an eastern suburb, Woodbury, uses two wells throughout the winter months to support its 70,000 residents…. And during the summer months that same city utilizes 14 wells to support the demand from the same 70,000 residents. The delta? Mainly irrigation systems. · Approximately 70% of the Earth's surface is covered in water. · Of that water, 97% is undrinkable salt water. · And 2% is fresh water frozen in glaciers. · That leaves 1% of usable water. Think you know what accounts for the majority of your water bill? Think again. According to the American Water Works Association Research Foundation, the residential water use for a single family residence in the U.S. breaks out into fairly small and somewhat equal parts…until it comes to your outdoor sprinkler system. In fact, nationally, irrigation waste accounts for up to a staggering 1.5 billion gallons of water a day. So where's the water going? Sprinklers…..………..59% Toilet……………....…..11% Washing Machine….9% Shower…………....…...7% Faucet……….....………6% Leaks………….....……..6% Bath………….....………1% Dishwasher……..…...1% This company was specifically founded to alleviate this unnecessary and senseless waste of water by introducing environmentally responsible irrigation. The only irrigation company founded solely on the principle of conservation. Combining the latest in conservation technology and design, their irrigation solutions are the result of considerable study in water dynamics, environmental concerns, and best horticultural practices. They have also worked hard to make water conservation economically feasible. In fact, most customers who upgrade with this franchise enjoy 100% payback in less than three years, and typical upgrades reduce water use by 40 to 60%. B2C B2B Save Water Save Money Home-based The Company’s Irrigation sprinkler systems greatly reduce or eliminate the runoff that contributes to sewage overflows, protecting drinking water sources while conserving the community’s water supply. Just as you upgrade your cell phone and other electronic devices, it’s important to upgrade inefficient controllers that can drain your wallet by wasting water. This franchise company leads the industry in replacing inefficient and outdated simple timers with new, efficient smart controllers and sensors. These smart devices can be effectively retrofitted and deliver water savings of 40-60%, while maintaining wonderful, healthy green landscapes. Use less water. Save money. Promote a healthy, green landscape. A proven business model within the $7.1 billion dollar industry. Founded solely on the principles of water conservation, the company utilizes the latest in conservation technology and design to help customers reduce their landscape irrigation water use by up to 60% – all the while promoting a healthy, green and lush landscape. Folks love saving money, and they like knowing they’re reducing wasteful runoff and protecting the community’s water supply. That’s why our business has soared from zero to tens of thousands of clients since we started in 2010. Investment: $43,000 - $100,000. Large territories are available throughout the U.S. If you would like additional information, or to discuss in further detail, please call or send me an email with phone number and a good day(s) / time(s) for me to call you. ********************************************************************************* A franchise may not be right for everyone and they are certainly not all created equal, but a good business model can lower the risk factor and accelerate one’s potential for long term success. The key is finding the right match between the franchise model and the owner-operator. Oliver Wendell Holmes once said, “The great thing in this world is not so much where you stand, as in what direction you are moving”. Are you allowing your professional life to wander aimlessly, or stand still? Perhaps you are in career transition and have always dreamed about being self-employed? Would this scenario be of interest and value to you… a process where you receive assistance to help you better identify your goals, financial requirements, lifestyle needs and what you would like for your work-life to look like; then provided information on self-employment options and guidance on exploring these opportunities within the confines of a safe and no-obligation environment. Remember, a window of opportunity won’t open itself! If you are ready, let’s discuss a methodical approach (not a one-time event) and an informative journey through the exploration / discovery process. ENTREPRENEURSHIP Is Living A Few Years Of Your Life Like Most People Won’t, So That You Can Spend The Rest Of Your Life Like Most People Can’t. -Unknown- ********************************************************************************* Are you in career transition, or contemplating making a change? Would you like a "sounding-board"? As a former Human Resources executive and now a Franchise Coach / Consultant, I have over three (3) decades of assisting folks with career transition. Plus, I have personally walked down that path a couple times myself. If you would like to visit about career transition in general, entering self-employment via a franchise or business opportunity and / or UT sports, please call me at your convenience… 210-479-2491, or if outside San Antonio, 888-479-2491. Or shoot me an email with your phone number and a good day(s) / time(s) to call you. I will gladly provide complimentary advice and counsel. And, remember, I'm a coach, not a sales person. Have a job you don’t like? Seek other employment: I call that “Changing Your Curtains”. Perhaps, you prefer a bolder approach which may provide a new and invigorating work-life: I refer to that as “Changing Your View”. In 2001, I decided to “Change My View”. If you are ready… Let’s Talk. I can help you “Change Your View” too… Don't Just Change Your Curtains... Change Your View. I Did. My Story ********************************************************************************* Looking for Texas Hill Country Property House, storage building, workshop, ponds, water well, and septic on 166 acres. 30 miles northwest of San Antonio / 9 miles southeast of Bandera. Call Larry Powell 210-479-2491. Outside San Antonio 888-479-2491 ********************************************************************************* If you are seeking top-quality financial / investment advice, I highly recommend Teamwork Financial Group and Doug Moe...Texas Ex. Doug is the CEO of Teamwork Financial Group in San Antonio. He is an attorney and CPA. He has provided valuable insight to me and my wife regarding investment / financial advice, including guidance on having a Will vs. Revocable Living Trust, re-balancing our investment portfolio, as well as assisting us move a portion of our IRA investments into Fixed Asset Annuities. Over the past several months, I have had a number of very enjoyable meetings with Doug, since we have a tendency to spend time talking sports, as well as financial / investment stuff. Doug played basketball at UT in the 80s and is the son of Doug Moe, the former coach of the San Antonio Spurs. And, a great guy. ********************************************************************************* Do You Need Furniture Repaired... If so and in the San Antonio area, CALL Pat Bonney...Texas Ex... Owner of a Guardsman Furniture Pro. franchise...The Most Trusted Name in Furniture Repair. Pat was on the UT baseball team in the early 70s. I have used Pat's service multiple times for a variety of furniture repairs in my business and home. Great guy and fantastic service. 210-849-9663 Email: gfpsa@sbcglobal.net 2017 newsletters; as well as copies of 2016 and 2015 newsletters can be viewed by going to the Franchise Quest Website. Click on the Website link below, or go to: www.franchise-quest.com Resource Center > Newsletter Small / medium size business owners: Would you like to grow your business by franchising. $1,000 Referral Bonus $1,000 Additional Information Is Available at Franchise Quest If you would like to visit, please don’t be shy about reaching out: I’m a coach, not a sales person. Hook 'em. Larry S. Powell Franchise Quest 210-479-2491 Outside San Antonio: 888-479-2491 franchisequest@sbcglobal.net Skype: franchisequest
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