A business owner approaches you to invest in his business. He comes up with an idea to “sell” a portion of his equity in the business. You listen to the business owner’s pitch and likes the idea. You decides to invest in exchange for “ownership.” The problem? Nothing is in writing, you have invested the
Greater Des Moines Partnership Annual Dinner: Mia Hamm on Achieving in Sports and Life
*This blog post was originally written for the Greater Des Moines Partnership.
I am fascinated by the mindset of high performers regardless of their profession. Because I am a sports nut, I am particularly drawn to the champion mindset of athletes. How are the very best able to achieve at such high levels? For
I’m Back
In March of 1995, Michael Jordan had one of the shortest press releases announcing his return to basketball. He simply said,
I’m back
Well, I may not be the caliber of Michael Jordan, but after a long hiatus I am announcing I am back to blogging. I have been blogging (for the most part continuously)
Entrepreneur Iowa Podcast Interview on Franchising, Business Law, and Business Success
I was recently interviewed on the Entrepreneur Iowa Podcast by Dan Tooker. Dan is with the Des Moines Radio Group and is also the owner of Franchising Done Right. Dan’s franchise related business helps displaced executives and budding entrepreneurs find franchise opportunities. Dan and I discussed franchising, what it takes to be successful in business,
[Franchise Update 12/18/20 Edition]: 6 Things Franchisors Should Do to Prepare for 2021
I saw a post from Global Franchising that warranted attention from franchisors as we move into 2021. All too often I have seen franchisors this year bury their heads in the sand and not communicate with franchisors. This article discusses six
7 Steps to Franchise Your Business
Are you interested in starting a new franchise? This blog post will discuss 7 initial steps to franchising your business.
Step 1: Decide if franchising is right for you. Franchising is not something to take lightly. It is a significant commitment, not only in terms of time but also the financial investment required to start
[Franchise Update 12/11/2020 Edition]: Steak-N-Shake in West Des Moines and More
[Announcing]: A long awaited Steak-N-Shake is anticipated to open in West Des Moines this coming January 2021. A couple of years ago in a Des Moines Register poll, Steak-N-Shake was one of the most desired businesses for the Des Moines area.
Delayed for more than a year, West Des Moines Steak-N-Shake to Open
5 Traits of Successful Franchisees
Whether your are a prospective franchisee yourself, or a franchisor searching for the right franchisees, it is important to know what makes a franchisee successful. Because in actuality there are always top, average and poor performers in EVERY franchise. Franchisors will see a wide-spectrum of results. This blog post examines 5 traits I have noticed
[Small Business Update 12-5-2020 Edition]: Iowa and National Small Business Economy Struggles
Recently I had a conversation with a very successful small business owner I have known for a long time that really shook me. I learned his sales are now down 80% during the latest surge of the pandemic . He said,
The virus is killing us. People are scared.
Meanwhile, Amazon’s sales increased 40 percent
[Franchise Update 12/4/2020 Edition]: The Complete Introduction to Franchising and More
READ: 5 RECENT posts to check out ON franchising.
The Complete Introduction to Franchising and Franchise Ownership [With Updates] – Joel Libava, The Franchise King
Because if you’re going to invest in a franchise, it’s crucial for you to get a complete understanding of the business of franchising. You need to understand how