Reader Quotes

“It has been my observation that most people get ahead during the time others waste.”

- Henry Ford

“There is no achievement without goals.”

- Robert J. McKaine

“The best way to have a good idea is to have lots of ideas.”

- Linus Pauling, American scientist

Investment Partners: A Suitable Structure

It is often said that when it comes to having friends as business partners, it is the easiest way to start a business – and the easiest way to end a friendship. As always, it’s half of the story: For every resulting drama, there is another example of friends whose professional partnering results in profit [...]

Read more »

Minority Business Ownership Increasing at More Than Twice National Rate

As published by the International Franchise Association®, IFA Insider, July 19, 2010
The number of minority-owned businesses in the United States increased by 45.6 percent to 5.8 million between 2002 and 2007, more than twice the national rate of all U.S. businesses, according to preliminary data released last week by the U.S. Census Bureau. Total U.S. [...]

Read more »

Bursting the Negotiation Myth

Everybody knows that franchise contracts are set in stone – after all, if individual owners were allowed to negotiate different terms, it wouldn’t be a unified system that works, the business model argument goes.
But Anna Carno, a partner with Carno & Carlton, [...]

Read more »

The Loan Paperwork Dance

If you plan to borrow the money to purchase your franchise, prepare to do the paperwork dance. The steps will vary somewhat with the lenders and with the requested amounts. But dancing shoes are required, and missteps can turn you into a wallflower, particularly in these times.
Basically, you’ll need the application itself, into which you [...]

Read more »

A Wealth of Experience: Disabled American Veterans’ National Service Program

Military Appreciation Month may have ended on Memorial Day, but we still are thankful for our veterans and their service to our nation. Here’s another article about available assistance for you.
For veterans, military retirees, and active-duty service members separating from service, applying for and receiving benefits can be an ordeal. In fact, it’s often difficult [...]

Read more »

Preparing Your Case for the PDBR: Tips From the Experts

If you served in the military between Sept. 11, 2001, and Dec. 31, 2009, and were separated from service with a disability rating below 30 percent, it may be possible to receive a higher rating – one that will earn a retirement pension and TRICARE for life for you and your family – by submitting [...]

Read more »

More Benefits for Vets with PTSD – Possibly

In January 2010, 4,300 veterans of Operation Iraqi Freedom and Operation Enduring Freedom received legal notices in the mail, notifying them that they might have been shortchanged during the evaluation hearings prior to their discharge from the military and may be eligible to join the lawsuit known as Sabo, et al v. the United States.
The [...]

Read more »

Better Benefits Can Be Yours

The DoD’s Physical Disabilities Board of Review is ready to hear why your disability rating should be higher – but be sure to prepare your case carefully.
It’s been more than a year now, and a new board, created by the Department of Defense (DoD) to review the disputed disability claims of thousands of service [...]

Read more »

Minimum Wage Wrangling Spells Trouble for Franchisees

The latest federal wage level of $7.25 is not making it easier for small business owners to survive the recession. But it doesn’t have to be a lost cause, either.
Minimum wage hikes are not a popular move among franchise owners – especially the latest jump to $7.25 an hour, which took effect in July 2009.
According [...]

Read more »

Small Business Outlook: More Loans, Credits, and Support on the Way

When the National Small Business Association surveyed small businesses across the country in July 2009, 94 percent said that the U.S. economy is worse off than five years ago – a rate that grew from 91 percent six months prior. Seventy-five percent cited economic uncertainty as one of the top three challenges to the business [...]

Read more »

Latest Digital Edition

Operation Franchise Vol. 2, No. 3

Your Story

Former Logistics Officer Becomes National Franchise Leader

No one would ever accuse Mary Kennedy Thompson of being confused about what she wants out of life. Within the first few minutes of conversation, Thompson...

Entrepreneurs Stay the Course

For Mike Stoll, buying a franchise from 1-800-Got-Junk?®, which bills itself as the world’s largest debris-hauling company, gave him a chance to be an...

The VFW’s Troop Support Programs

Appreciating, Supporting, and Assisting Military Personnel – Every Day

Since Congress made it so in 1999, May is National Military Appreciation Month,...