Small businesses are hugely important to our current economy. Small business contributes to our GDP, increases the number of available jobs, and enrich our local communities. It’s hard to find someone who is not a big supporter of small business, and increasingly we are finding more and more people who are interested in being entrepreneurs. Business ownership is very appealing, it makes you the decision maker. You are the last to get laid off and the first to know when problems are on the horizon. You can approve your own vacation time, raises, perks and schedule. You also get the advantage of choosing your coworkers, if you even want coworkers.
Once you get excited about the idea of owning your own business, there is the understandable question of can my business survive in my area? Do I have the audience and the clientele to support the business I want to open? Franchise Brokers can help with that. Franchise businesses are great at helping their franchisees choose the best businesses and locations for them and their region.
You know the old adage “more is less?“ Well, when it comes to information more is, well, more...and better. In addition to the assistance and support of the franchisor to choose the best location for your business, members of the FBA can also provide you with access to demographics reports and studies that can help you determine the viability of your business in your location. What’s the makeup of your community, age groups, gender, income levels, population density, etc.? Would a sports bar and grill thrive in your area? How about a clothing boutique, sandwich shop, marketing firm, or B2B business? Demographic reports can give you great insight into the future success of your company.
It’s important to have the help of a professional when reviewing this information, as well. Having the information is the first step, deciphering it and understanding how it impacts your business in the next. Brokers and consultants are the professionals that can help you glean the information you need from these materials.
There are a few difficult things in this world that we all experience, regardless of country and culture. These are wars, pandemics, and economic hardships. And though these make for tough times - throughout history, we have overcome them each time. As the economy starts to slow - both here in the US and globally, […]
Registration info on our Conference website: https://franchisebce.com Ever heard of a conference that feels like vacation? If that sounds too good to be true, let us draw you a sunny picture that might just change your mind. At the close of the year, while the rest of the country is gearing up for a chilly […]
What: FBA’s Quarterly “Spark the Light” Event When: Thursday, May 2nd, at 1-2:30 PM EST Where: Zoom (Invite to attend has been sent to your calendar) How/Why: See Communications from FBA & Your Assigned Rising Star Broker If you've been tuning into our weekly mentoring sessions, you know we can't get enough of discussing the ins […]
