Thinking About Passing Down the Family Business? One of the primary advantages that comes with owning a business is the control one has in how it is run.  This includes making decisions such as the hours of operation, who to hire and how much to pay them.  Owners also control what will happen to t...

A few weeks ago a good friend of mine, Erik Van Horn, shared a few thoughts regarding freedom and lifestyle.  I personally found his comments to be both relevant and impactful.   I hope you enjoy them too. ===== People often buy a franchise to escape the corporate world rat race. But it’s E...

Change is Inevitable, Growth is Optional A few years ago a national magazine asked me to comment on changes we see in today’s marketplace.  Specifically, they asked me to define the word ‘Reinvention’ as it applies to career change. Interestingly, ‘Reinvention’ is a wo...

9 Everyday Habits of the Average Millionaire I’ll be honest.  I never dreamed of becoming a millionaire. I didn’t feel like I deserved it. I felt like that was meant for much smarter people than myself. Then I learned the one thing that changed my life.  You don’t have to be smart. ...

12 Lessons From The End Of The Road There comes a point in life where there is no tomorrow, only yesterdays.  A time where we remember the past knowing there is no future.  Sadly, that is where we are with my friend, Bill. I met Bill Shearon around 15 years ago during my work with…...

5 Lessons Learned From the Recession The economic impact of 2020 will be felt for a very long time. Businesses have closed en masse, gutting certain industries and leaving millions of Americans without jobs. More than 40 million people — over a quarter of the work force — have filed unemplo...

Covid-19 And The Next FDD Later this year, many franchisors will begin working on next year’s Franchise Disclosure Document, a comprehensive record of information about the organization that is shared with franchise prospects. The FDD contains several hundreds of pages of franchise information, wh...

Interested in Resales? I am often asked if I am aware of any good resales.  My normal response is that there are always good resales.  Of course, there are an even larger number of questionable resales.  The trick is to find the right business, in the right location, at the right price, with the ...

6 Powerful Keys To Success A few years ago I was introduced to a powerful speech presented by Arnold Schwarzenegger. The speech is focused on Success. What are the secrets to success? The 6 Keys to Success that Mr Schwarzenegger presents are particularly appropriate as we, both as a society and indi...

Fixing The Wealth Gap Interesting article on the relationship between business ownership and wealth. According to the attached article by Claudia Viek, CEO of Cameo, ‘the median net worth of business owners is two and a half times greater than that of non-business owners, and for African Ameri...