October, 2011


31
Oct 11

What’s Keeping Me Busy

To Do's
I’m working on two big projects right now.  The first is a video version of my monthly seminar, “Straight Talk about Franchising.”  This has been in process for several months, and I’m looking forward to filming on November 4.  I’m planning to have a “behind the scenes” post for you soon.

The second is my seminar in partnership with SBDC, “5 Proven Steps to Choosing a Winning Franchise,”  on November 10.  This is part of a series of ten free seminars geared toward former corporate employees, retiring executives and returning veterans, funded by the Jobs Act of 2010.  These seminars give candidates valuable advice on how to research and select a business that fits their skills, personalities and finances.

I hope your fall is shaping up to be as productive (and busy!) as mine is.   I will resume regular posting once November 10th is behind me.


13
Oct 11

What Types of Entrepreneurs Are Creating Georgia Jobs?

It might not be who you think!

If I say the word ‘entrepreneur,’ what comes to mind?

Hollywood and popular media may have influenced your perception. You might think that most entrepreneurs are brilliant college dropouts in their early 20s, pursuing revolutionary tech ideas and poised to make millions – whiz kids in the Bill Gates-Steve Jobs-Mark Zuckerberg mold.

In reality, most successful entrepreneurs are well-educated, 35 or older and faring better than most at creating jobs.

Companies founded by college graduates have twice the sales and workforce of those founded by those who didn’t go to college, according to research by Duke University’sCenterforEntrepreneurshipandResearchCommercialization.

The research also found that where entrepreneurs go to college, or what they choose to major in,isntasimportantasthedegreeitself, writes CERC research director and Washington Post blogger Vivek Wadhwa. “The greater the education of the founder,” Wadhwa writes, “the higher the business’ profits, sales and employment.”

If you want to put that college degree to better use — if you’re driven, smart and crave the control and fulfillment small business ownership can provide — now is a great time to look into franchise ownership.

Increasingly, successful entrepreneurs are former corporate workers and executives who have left their jobs, either by choice or layoff. Many have years of experience managing others but want greater control over their professional and financial futures. Franchise ownership has advantages corporate life can’t match; as local businesses, they keep profits in their communities, create jobs for local workers and accumulate value for their owners.

The Georgia Small Business Development Center knows that helping corporate workers open new franchise locations is a sure bet to create Georgia jobs, and they are not looking for college dropouts.

They want experienced workers to put their skills and management expertise to work in creating Georgia jobs. So they’ve teamed up with Leslie Kuban, a FranNet franchise consultant in Atlanta, to offer a series of 10 free seminars geared toward former corporate employees, retiring executives and returning veterans. These seminars give candidates valuable advice on how to research and select a business that fits their skills, personalities and finances.

The next seminar is Thursday, Nov. 10, from 10 a.m. to noon at the Kennesaw State University SBDC offices.

If you think you might be the next entrepreneur to help create Georgia jobs, RSVP to 770-423-6450 or visit the link below to register for the seminar:

http://www.georgiasbdc.org/subpage.aspx?page_name=description&product=110653&referrer=view_classes&city=Kennesaw

 


6
Oct 11

Franchising Creates Jobs, Adds to Georgia’s Economic Recovery

Georgia franchising booms — each new business means an average of 10 jobs

 

While virtually every sector of the economy remains stagnant in the recession, the franchised business sector in Georgia is growing with the Small Business Development Center and FranNet’s help — and those new businesses are creating much-needed jobs.

The Georgia Small Business Development Center has joined forces with FranNet’s Leslie Kuban to offer a two-year series of free workshops for anyone thinking of opening a business. The workshops offer valuable advice and technical consulting on what businesses are doing well and how to get started. The series is funded by the Jobs Act of 2010.

The International Franchise Association projects 1,900 new U.S. franchise businesses for 2011, creating 194,000 jobs and adding $33 billion more to the U.S. economy. The average new franchise business creates 10 jobs, according to FRANdata, an independent organization that analyzes the franchising sector.

The overall economic impact of new franchised businesses opening in 2011 is big, but on a local level, the impact is huge. Fifty new franchises in greater Atlanta would create about 500 new jobs, giving our neighbors, friends and former coworkers new hope and a fresh start. In hard-hit areas such as Macon, 10 franchises would mean 100 jobs and a lot to a community struggling with high unemployment.

Each new franchise boosts its local economy. A business service franchise, for example, creates an average of seven jobs; commercial and residential service franchises create an average of six, according to FRANdata.

For downsized corporate workers or those executives who want more control over their work and personal lives, franchising is a realistic option. Franchising works because, with franchisor support and tested systems, it’s “a proven model with the quickest path to creating a successful business and accelerating job growth,” says IFA spokesman Matthew Heller.

After the 2001-05 recession, for example, jobs in franchised businesses grew 40 percent compared to 26 percent in other sectors, Heller said: “Clearly, franchising is the key to job creation.”

Business is brisk at FranNet of Georgia. FranNet is a North American network of franchise consultants that helps corporate workers and executives transition to business ownership.

“We at FranNet expect to help establish at least 20 percent more franchised businesses this year than in 2010, and our Georgia offices are seeing even greater growth,” said Jania Bailey, COO of FranNet.  ”The overall U.S. franchise industry growth rate, according to the IFA, is expected to reach 2.5 percent in 2011.”

The U.S. franchise industry is doing well, but FranNet is doing even better. Already this year, consultants with FranNet of Georgia have helped place people in specialty clothing, painting, residential cleaning, child education and commercial kitchen exhaust cleaning franchises.

These success stories come at a crucial time for Georgia. Statewide unemployment in August 2011, 10.2 percent, reached its highest level in six months. Throughout the recession and a tepid recovery, Georgia has lagged, posting a higher unemployment rate than the national average and creating fewer jobs. In some spots, such as Macon County, unemployment is about 15 percent.

The next seminar is Thursday, November 10, 2011 (10am-12pm) at Kennesaw State University SBDC. RSVP to 770-423-6450 or visit the link below.

For additional information, contact and visit http://www.georgiasbdc.org/subpage.aspx?page_name=description&product=110653&referrer=view_classes&city=Kennesaw

FranNet Contact:
Leslie Kuban
678-428-0909
lkuban@frannet.com

Franchising can help close the gap – one new Georgia business at a time.