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Thinking Outside the Box: Tripling Revenue on a 30-Year-Old Mattress Company

Thinking Outside the Box: Tripling Revenue on a 30-Year-Old Mattress Company

When a popular trend is dominating your category, it might seem like your only choice is to follow suit. But you can also double down on what makes you different and serve a smaller segment of your market better than the competition. You’ll read a transcript from a recent Q&A from Mike Schaefer and Louis Hess who bought a mattress company that was founded i...

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May 06, 2019

You Can’t Buy a Starbucks Franchise: Here’s Why and What You Can Do Instead

You Can’t Buy a Starbucks Franchise: Here’s Why and What You Can Do Instead

Entrepreneur readers often reach out about how to franchise a Starbucks or learn more about owning one of the coffee shops. Unfortunately, if you live in the U.S. or Canada, owning a Starbucks franchise probably just isn’t in the cards for you. Like Chick-fil-A, the Seattle-based coffee chain prefers to own each of its own locations.Starbucks CEO Howard Schultz ...

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April 22, 2019

9 Signs You Need to Buy an Existing Business

9 Signs You Need to Buy an Existing Business

The saying goes, “If you want your dream job create it.” At BizON, we say if you want your dream job buy it! There are significant upsides to buying an existing, established, profitable business or franchise – but here are some signs you might notice that are subtly nudging you to pursue the world of entrepreneurship through acquisition (“ETA”), a fascinatin...

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April 08, 2019

10 Signs You Need to Sell Your Business

10 Signs You Need to Sell Your Business

Selling a business or franchise can be extremely scary and intimidating. For most, the ownership of a business or franchise can be their first or second biggest asset, so selling that asset shouldn’t be taken lightly. As we focus on developing a safe, positive, captive environment where business and franchise sellers in the micro market (selling prices from $1k-...

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March 25, 2019

10 Questions You Must Ask Before Buying a Business

10 Questions You Must Ask Before Buying a Business

Andrew Cagnetta bought his first business — a pasta shop in Wethersfield, Conn. — at age 25 and quickly realized he hadn’t done his homework thoroughly enough. Although he stuck to the shop’s original recipes and products, customers began complaining that the recipes had changed. Sales declined, and in less than two years, Cagnetta and his cousin, the ...

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March 11, 2019

5 Tips When Hiring Millennials

5 Tips When Hiring Millennials

When recruiting in today’s workforce, it is important to keep in mind the different trends amongst millennials. If you are in the business of recruiting, chances are you are hiring a millennial. We’ve all heard the stereotypes, however, the fact is millennials are changing the workforce culture, and employers need to recognize this and adapt. In fact, mill...

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January 28, 2019

3 Reasons Buying a Franchise Might Be Better Than Starting Your Own Business

3 Reasons Buying a Franchise Might Be Better Than Starting Your Own Business

Franchises are systems that have been tested and refined and tested again. And gaining access to that system gives you, as a franchisee, the ability to start faster, reduce your initial investment, and avoid mistakes. Before you open your doors for business, most franchisors will provide initial training on every aspect of the business—from finding a site to build-...

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January 14, 2019

Transition planning considerations for franchise owners

Transition planning considerations for franchise owners

(3 min read) Contribution brought to you by: Just like other successful business owners, franchise owners need to plan for the eventual transition of their franchise business. As with business owners, advance planning for this helps to maximize the transition value of the business, minimize future taxes, and secure preparation for both expected options and unexpe...

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December 17, 2018

The Key Ingredients for Succession Success

The Key Ingredients for Succession Success

( 2min read) “Vision without execution is hallucination.” Thomas A. Edison 85% of family businesses that fail in transition do so because of poor communication and insufficient preparation. That’s why, every day, we work with family business owners to ensure they’re having the key conversations needed to plan for the future. As much as we emphasiz...

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December 03, 2018