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03, 2020
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03, 2020
Choosing the right business model for your personality type
Whether you’re considering a franchise or becoming a franchise consultant, it is critical that you consider all your options before settling on one. In short, a business model is a company’s plan of how it is going to be successful and make money. There are many different business models. Which one do you think will work the best for you?
Manufacturer: A manufacturer is an entity that creates products from raw materials. The company can then either sell these products directly to customers or outsource them to another company to sell. If you have an idea for a new product that doesn’t exist today, this is probably the business model for you.
Distributor: A distributor is one who purchases products directly from a manufacturer (usually in bulk at a lower cost) and then sells them to to the public or to retail outlets at a higher price. A good example of a distributor is a car dealership. The dealership buys a lot of cars directly from the manufacturer, adjusts the prices and sells them.
Broker: A company that acts as a mediator between the customer and business or even two businesses. Companies such as as Amazon, eBay, and Etsy are great examples of broker companies that mediate a business transaction between someone selling an item and someone buying that item.
As you explore the possibilities, there is one other model to keep in mind. If you want to own your own business and be your own boss — but you also want a proven model to follow — then you might want to consider a franchise.
Franchise: The type of franchise you purchase will determine the type of business model you use. Essentially you are paying an already successful company to use their business plan, resources and name. You will then follow that company’s model, whether you are a manufacturer, distributor or something else, to make money and grow your own business.
A benefit of a franchise is that you will have great resources available to you. As you look to start your own company, it is important that you establish your business model and know exactly how your company is going to make money. The models listed above, while not being extensive (there are definitely other business models out there) is a good starting point to help you decided what type of business you want to start.
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03, 2020
Check the boxes
When it comes to the latest news in franchising, we check all the boxes.
#franchisedictionarymagazine #franchisenews
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03, 2020
Global Tutoring Company Prepares for Surge in Online Tutoring
One-to-one Tutoring Program offers E-Learning Capabilities as Families Prepare for Coronavirus
TORONTO — As countries are working to contain the coronavirus and prevent its spread, concerns have quickly been turning to the health and safety of students in classrooms across the nation. Medical experts have begun to coalesce around the importance of “social distancing” but what does this mean for the students across our country? One global provider of online tutoring, Tutor Doctor, has begun to get a glimpse of where the coronavirus may be heading as it relates to education.
“We’ve already begun to see our online tutors and platform being used by students and families due to travel quarantines” said Frank Milner, President of Tutor Doctor. “Fortunately, our online platform is simple for tutors and students of any age to use.”
The company is already seeing a 120 percent increase in demand for online tutoring since news of the outbreak emerged.
“This is just the beginning and we can handle much higher demand spikes than this,” Milner stated. “But we’re not taking anything for granted. We are already in communication with our 94,000 tutors to ensure they’re well-prepared for what’s to come.”
Schools in China, the Middle East and Europe have or are beginning to consider suspending class. The Centers for Disease Control and Prevention (CDC) is urging Americans to prepare for potential school closure due to the threat of outbreak in the United States. While this may be a direction taken to keep children healthy, it also interrupts children’s studies, social interaction, and academic progress which leaves families seeking alternatives.
Families are looking for more than just an online resource, but a true academic experience best fitting their children. Even in the online space, a tutor must know how to connect with their student, tailoring their program while continuously providing guidance and valuable learning skills.
Another valuable feature in online learning is the ability to record every session, so the student can review it later. This helps students retain information and refresh their memory before an important exam or assignment. Tutor Doctor’s education team found this feature especially valuable to students who may have their class schedule fragmented or interrupted for unforeseen circumstances, as it allows them to jump back in where they left off.
For more information about Tutor Doctor’s online tutoring program, visit https://www.tutordoctor.com/our-programs/online-tutoring/.
About Tutor Doctor
With more than 600 territories in 15 countries, Tutor Doctor was named the No. 1 In-Home Tutoring Franchise by Entrepreneur.com in 2016. Founded as an alternative to the “one-to-many” teaching model most extra-curricular learning centers offer, Tutor Doctor provides a personalized one-to-one, in-home tutoring service to students of all ages. Now with offices internationally, the Tutor Doctor vision is becoming a reality, positively impacting students and their families worldwide. With the belief that all students can achieve academic success through two components – academic foundation building and academic discipline – Tutor Doctor will continue to lead the private tutoring industry. For more information on Tutor Doctor, please visit www.tutordoctor.com. To find out about franchise opportunities, please visit, www.tutordoctoropportunity.com.
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03, 2020
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03, 2020
Where do I start?
If you’re interested in starting up your own business, you may be considering a franchise or becoming a franchise consultant. Our publication will help you learn more about the industry while generating fresh ideas for your next venture. #yournextbusiness #success #franchising
11
03, 2020
Express Employment Professionals Survey: 87% of U.S. Workers Agree Education Revolution is Needed to Prepare Students for Workforce
OKLAHOMA CITY — Nearly 9 in 10 employees (87%) say a whole new approach to education, skills training and learning, or an Education Revolution, is needed to better prepare people for the workforce.
This is according to a newly released survey conducted by The Harris Poll and commissioned by Express Employment Professionals. An expanded analysis of the full results, including survey methodology, can be found here.
Regardless of generation, majorities agree that what is taught in school does not always translate to career success. More than half of U.S. employees (54%) say schools are not doing a good job of preparing the next generation of workers for what their needs are after school, and 4 in 5 (80%) say the education system has failed to evolve to the needs of the workforce.
The national survey of 1,206 U.S. employees ages 18 and older was conducted online by The Harris Poll between Dec. 5 and Dec. 30, 2019.
Work Experience Programs Lacking
Eighty-five percent of workers believe degrees should require on-the-job experience, not just coursework, yet close to half, 45%, say they did not participate in any work experience programs (e.g., internships, shadowing, apprenticeships, co-op placements) while in school.
Few Use Education Daily at Work
Sixty-seven percent of American workers say they are employed in the same field/profession in which they received their degrees or certifications, but more than 3 in 4 (77%) agree that they never learned the majority of their day-to-day job duties in school. Consequently, more than 9 in 10 (92%) agree there needs to be more of a balance in education to match actual career options.
Advanced Degrees Helpful, but Not Essential
Although the majority of U.S. workers, 83%, say their education has been useful to their career, only 18% say it has been absolutely essential. Still, 7 in 10 (70%) appear to equate a degree with success as they say getting any degree is better than no degree at all.
Who Should Pay for College?
When considering who should pay for college, there is no clear consensus.
- Government: (Gen Z, 54%; millennials, 32%; Gen X, 23%; boomers/seniors, 14%)
- The student: (Gen Z, 26%; millennials, 33%; Gen X, 43%; boomers/seniors, 52%)
Continual Learning is Essential
Nearly 4 in 5 (79%) agree anyone who doesn’t continue to upskill in their career will be left behind in the workforce, but only 33% of U.S. employees have returned to school after entering the workforce.
Seventy-three percent feel prepared for jobs of the future, but when asked about specific skills, only half or less are knowledgeable in these areas.
“The jobs of tomorrow won’t wait for workers to take their time to learn the necessary skills,” said Bill Stoller, CEO of Express. “The sooner we align what is taught in school and upskilling at companies with the demands of the workforce, the easier it will be to create large talent pools of workers necessary for a stable and successful economy.”
About Express Employment Professionals
At Express Employment Professionals, we’re in the business of people. Headquartered in Oklahoma City, OK, our international network of franchises offer localized staffing solutions to the communities they serve, employing 552,000 people across North America in 2019. For more information, visit www.ExpressPros.com.
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03, 2020
Venture X to Attend 2020 Hunter Hotel Investment Conference
Growing Leader in Coworking Industry to Showcase Franchise Opportunity at Annual Conference.
WEST PALM BEACH, Fla. — For the second year in a row, Venture X – an emerging flexible office space provider renowned for its high-level, boutique hotel-style spaces – will feature its franchise opportunity and serve as a gold sponsor at the 2020 Hunter Hotel Investment Conference inside the Atlanta Marriott Marquis, March 18-20.
The conference, which serves as a hotbed of the nation’s leading hoteliers and industry professionals, presents an incredible opportunity for Venture X. As the concept continues to resonate with and appeal to likeminded investors and influencers in the space, the South Florida-based franchise eyes the conference as a springboard to continued growth success in 2020 and beyond.
“There are prominent parallels between owning a hotel and owning a coworking space, which makes investing in Venture X so attractive,” said hotelier and Venture X Franchisee Raj Chudasama. “Not only are the processes similar when talking about aspects like site selection, filling out the space, concierge-level services and what have you, but Venture X is also a premier provider in the industry with a unique value proposition – both from an design standpoint and the clientele we target.”
Venture X locations, purposely crafted by leaders in workspace design and complimented with contemporary furnishings from Herman Miller, exhibit a dynamic and upscale flexible office space that resemble a boutique hotel while exuding hospitality and professionalism.
Because of its space and the focus on creating a world-class work environment tailored to the modern professional, Venture X’s franchise opportunity provides interested investors – especially those in the hotel industry – an understandable and identifiable path toward profitability.
As a result, hotel-industry professionals like Chudasama in Grapevine, Texas, Mani Patel in Plano, Texas, and Kamal Rama in Charlotte have bought into Venture X and its mission.
For those planning to attend the Hunter Hotel Investment Conference, Venture X will set up shop at booth No. 203 with brand representatives available on March 18 (5 – 7 p.m.), March 19 (7:30 a.m. – 8 p.m.) and March 20 (8 a.m. – 1:30 p.m.).
Attendees interested in speaking with Venture X can schedule a meeting beforehand with either President Jason Anderson (janderson [AT] ufgcorp [DOT] com) or Director of Sales Mark Patek (mpatek [AT] ufgcorp [DOT] com).
Many Venture X franchisees have backgrounds in real estate, finance, hotels or have experience as landlords. Currently, the franchisor is seeking single-unit and multi-unit operators. The brand’s initial franchise fee is $79,500 with a total investment cost ranging from $1.1M–$3.4M.
Backed by the powerhouse United Franchise Group – a group of affiliated, award winning family of companies – Venture X has the support needed to grow exponentially, both stateside and abroad, in the coming months and years.
ABOUT UNITED FRANCHISE GROUP
Led by Founder and CEO Ray Titus, United Franchise Group is home to an affiliated family of brands, including Signarama, Fully Promoted, Experimax, Jon Smith Subs, SuperGreen Solutions, Transworld Business Advisors, Accurate Franchising, Venture X, The Great Greek Mediterranean Grill and Network Lead Exchange. With over three decades in the franchising industry and more than 1,600 franchisees throughout the world, United Franchise Group offers unprecedented leadership and solid business opportunities for entrepreneurs.
This advertisement is not an offer to sell a franchise. Any offer to sell this franchise will be made by a Franchise Disclosure Document and only the following registration by Venture X Franchising, LLC in any state requiring registration prior to sale.
In New York: This advertisement is not an offering. An offering can only be made by prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law.
In California: These franchises have been registered under franchise investment law of the State of California. Such registration does not constitute approval, recommendation or endorsement by the Commissioner of Business Oversight nor a finding by the Commissioner that the information provided herein is true, complete and not misleading.
ABOUT VENTURE X
Venture X is a membership-based, shared workspace and community that is a blend of boutique hotel and modern office styles with a high level of design that feels professional and welcoming. We are designing beautiful spaces and developing an environment and community that people love coming to work to every day. Venture X is a member of United Franchise Group, a group of affiliated companies and brands, and has been recognized by Inc. as one of the best coworking spaces in the United States.
For more information about the spaces, please visit www.VentureX.com. For information about franchise opportunities, please visit www.venturexfranchise.com.
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03, 2020
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03, 2020
Already bored with retirement?
If you’ve enjoyed retirement, but have been itching to get back into something more active, consider becoming a franchise consultant. #retirement #franchiseconsultant #anewyou