Posts Tagged small business
Franchising – Making The Choice
More and more individuals are taking charge of their health as they learn about the benefits of a regular fitness program. This change is not limited to one demographic group. As we know, aging baby boomers are concerned with staying healthy, physically fit, and living independently. People 55-years and older constitute 25% of the 6.1 million Americans who reported using services of a personal trainer in 2004.
There is also a significant increase in children’s utilization of personal training and fitness regimens as a growing number of parents become aware of the health risks of childhood obesity. In addition, children of all ages and fitness levels seek out the services of a personal trainer to get that extra edge in their particular sport, due to the competitiveness of youth athletics.
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A Day in the Life of a Rainbow Station Franchisee
Established in 1989, Rainbow Station is the brainchild of pediatric registered nurse, Gail Johnson. 5 months after opening, the facility had 100 CHILDREN enrolled; at the end of the following year, her FACULTY & STAFF had grown from 12 to 32 out of sheer necessity; in 1997, Gail was named Virginia’s “Small Business Person of the Year;” and by 1999, demand had become so great that she EXPANDED to 5 more LICENSED FACILITIES.
Though it doesn’t even begin to sum up all of what the business does, Rainbow Station is a FACILITY with 3 primary parts to the business: an accredited preschool, an accredited afterschool program, and an infirmary designed both for sick children of working parents and children who are chronically ill. It is those essential features that are the primary reasons that the business does so well. The accreditation of both the preschool and the SCHOOLAGE program set the entire company apart, because sadly, only 6% of all preschools in the United States are accredited by the National Academy of Early Childhood Programs. As well, virtually no one else has an on-site medical facility with specialized, pediatric nursing care. In every way, Rainbow Station is a children’s franchise in a class entirely of its own.
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Identifying the Right Franchise For Sale
If you are tired of your thankless, boring job, want to get out of the rut and dream of leading a swanky lifestyle, then running a franchise under a profitable and reputed franchisor could be the right, and the easiest, option for you. And many business entrepreneurs are doing it too, since surveys show that more than 40% of business around the world is franchise run. However, while some franchises can become huge successes, others bomb big time. So, how do you make out which franchise for sale , is the right one for you?
Niche: As you know, businesses all over the world are competing fiercely with each other for a bigger piece of customer pie. That being the case, you need to choose a business that can stand up to the competition offered by rivals. A product that runs on its own steam can save advertisement costs and bring in customers automatically.
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Small Business Bonding
Contractors and other types of small businesses that require entry into a home or business to complete work may want to consider getting bonded. Bonds are sometimes referred to as surety bonds. A bond guarantees that a customer will be paid if the business does not fulfill its contract. Many small business owners who purchase bonds do so for protection in the event that one of their employees steals from the home or business of a customer. In the event that this does occur the owner of a bonded business will only be covered if the employee who has been charged with theft is convicted.
There are five types of bonds available to small businesses. They are:
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I Want to Franchise My Small Business – What Do I Do Next?
Many small business entrepreneurs build a local business and do such a wonderful job that they have people lining up at their doors, literally. Many of the customers are quite happy to give them that unit of trade we call a dollar for their goods and services. Then one day someone who knows something about business, or maybe not too much, states;
“Boy, you have a great little business here, you should Franchise This!”
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