Financing For Your Small Business
Apply For Funding Today! | contact@funder.org
|
Posted on Fri, 01/20/2012 - 09:15 PM by
viewed 83 times
Park Ridge, Illinois. Population: 37,480 Location: 15 miles northwest of Chicago.
FFI, (Franchise Friendly Index) 100 __________________________________________________________________________________________
Not all local communities are what I call, “Franchise Friendly.” Sometimes, local officials oppose big franchise chains coming into town. That’s unfortunate. The revenue from a properly run franchise operation can be pretty substantial, especially if it’s a shovel-ready food franchise. Towns need revenue. Especially in times like these. I really can’t imagine a town turning down a franchise business–but it happens. But, not in the city of Park Ridge, Illinois. It seems that some the local officials and local residents there really get it. That’s because the subject of franchise businesses came up during the Park Ridge’s Economic Development Task Force’s 1st meeting held recently. And in Park Ridge, just like in any community across America, the independent businesses vs. corporate chains and franchises tug of war took place. One area resident described Park Ridge as, “A community of many ‘mom-and-pop’ shops.” He also said that he was, “Happy that franchise businesses have opened as well since they bring consumers into the community.” Read more at The Park Ridge Herald-Advocate. Test The Waters
Here’s a tip:
Before you consider buying a franchise that will require a physical location in your area, test the waters a bit. See if you can get a feel for how Franchise Friendly your community is. If they’re not, it’s okay. They may need a little education. It’s easy to find stats that support the economic impact of franchises in local communities.
Work With Me
MORE NEWS FROM THE FRANCHISE KINGMobile Franchises: Do You Like Cars? Hot Franchise Topic: Getting a LoanIt seems like the entire franchise industry is focused on funding, and with good reason; franchise loans are still a bit challenging to secure. Military Veterans And Franchises: A Fit?I’ve had the honor of working with several of our military veterans over the years. I’ve participated in Veteran’s Symposiums. And, I’ve helped veterans find franchise businesses. I love working with veterans. I figure that it’s the least I can do. ItR... The Perfect LocationLast week, on your way to work, you noticed that there was an empty retail space in one of the more popular strip centers in your area. Although you’ve shopped there in the past, for some strange reason, you can’t remember what used to be in that empty space. Whatever. Please Vote For This .biz Franchise Website!The .biz domain name is celebrating it’s 10th Anniversary, and the business website that you’re now on is part of the celebration! Little did I know that when I found out that the “.com” domain was already taken for my book’s official website, that it would actu... RELATED SMALL BUSINESS NEWSTaxes and the DeficitNormally, this column is supposed to cover the tax changes over the prior year and how they impact the hospitality industry. Last year, we commented about how 2010 was an interesting year but little in the tax field had passed. 2010 was all about health care reform, the change in control of the House and the rise of the tea party. It was a very political and partisan year. If anything, 2011 was worse. Never has so little been accomplished by so many. Brinkmanship was the key word for 2011. It will be known more for what did not occur rather than what did. It is not unusual for partisan politics to take center stage in an election year. While 2011 was not, the race for the Presidency and control of the House and Senate began before all the winners from 2010 were known. National Press Writes about Restaurant FranchisingOn May 18th, the national press, both The New York Times and The Wall Street Journal, wrote about restaurant franchising. Some additional notes are warranted. Mediation: Good, Bad or It Depends?Mediation is often touted as the greatest thing since sliced bread for faster, fairer, and cheaper dispute resolution. Is it? Going International? Don’t Forget One Important ThingFranchisors that are considering exporting their franchise concept to other countries are advised to prepare by following a checklist of key items. However, there is one area that is often overlooked or shortchanged in the process. Going Green Costs Franchisees Much GreenBeing forced to buy imaginary products is just one of the nonsensical results of government policy affecting franchisors and franchisees. |
Get funding to grow your small businessLet us help you find the best financing option for your business needs.
Stay up-to-date with our small business newsletterTweet, +1, and Like FunderFollow Us  |
|
Copyright © 2012 RBF Management, LLC | Lighter Capital Network™ Privacy Policy | contact@funder.org |
