Franchise Money Maker

Welcome to Franchise Money Maker, the place to learn about business.

Franchise Money Maker is a Free Information Website written by industry veterans and experts in various disciplines of business and dedicated to Entrepreneurs.

You will find information on everything from choosing the business that fits you best, to financing, to human resources, to marketing and accounting.

In addition Franchise Money Maker offers Podcasts featuring in depth interviews with Business Leaders, successful Entrepreneurs and both Franchisors and Franchisees.

A must visit for anyone in business or thinking about starting their own business. Franchise Money Maker is also an excellent resource for business students or anyone researching small business topics.

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All 2008 registrations are automatically eligible to win a free iPod Nano. You can also subscribe to our Podcast series by Clicking here;Thank you for visiting Franchise Money Maker

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October 10th, 2008
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Do You Have A Passion For Business?
by Eleanor Lynar

How awful you feel, after receiving the news that your job is on shaky ground, due to the slow economy, after 10 years. You decide right on the spot, to look for a business to own. Being the boss and making your own schedule has great appeal. You’re sick and tired of getting nowhere.
It’s time that you do something about being on the unemployment line, while your boss takes a three week yearly vacation, with plenty of money in his pockets; yours remain empty. Although this job pays for most bills, not wanting to make any detrimental moves that would leave my dependable income, would not be a wise.

If you were to challenge your business passion today, you would see all the possible business areas to own, to improve your financial status to provide personal satisfaction. Even though your job is in jeopardy now, owning a business can be a frightening leap. On the pro side, you are in charge, calling all the shots. On the con side, there is a possibility of failure. In fact, it’s already proven through analysis that what you want from your own business in personal terms is to become financially stable, first. How do you start?

When you are in the driver’s seat, you first want to start with a passion for your business, which brings you pleasure. Enjoying what you do, will greatly increase your success, better than in a field that is lukewarm by choice.
Just think. How would you feel when your job closed its doors? Could it have been attached to a yawning line of work? You don’t want to leap before counting the cost, for any new business adventure.

Suppose you’ve a passion for cycling, what’s preventing you from opening and promoting a cycle shop? Chances are you would probably do very well online. Try it.

Your goal objective, for financial success is in the front seat, but it must be balanced with interest. Before making any decisions or plans, choose activities and subjects that fire your passion in business, to satisfy your heart and meet your financial goals. It doesn’t matter who you are or what your interest is, there are plenty of businesses out there to own, that are profitable. If you have the love and a passion for your business, look out, success tends to follow, right at your heels.
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passion,challenge,love,business
http://www.ARTICLESEXPRESSHIGHWAY.COM

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Small Business Incorporation Could Help You Grow Your Business
by Richard Taylor

So you’re the owner of a small business that is doing well and you’re looking to grow the business. You need additional finance to fund the growth, but you’re not sure that you want to risk your own personal assets in pursuit of the expansion. Therefore you’re considering whether or not to incorporate your business? In this article I’ll explain some of the pros and cons of small business incorporation.

When you incorporate your business, you’re in effect, legally separating it from your own personal finances and giving the company a separate legal identity.

Prior to incorporation, you as the owner of the company, personally own the assets of the business. But, more importantly, you are also personally liable for its debts and liabilities. In simple terms, this means that should your business fail, your own personal assets are at risk!

Therefore, as we said in the opening paragraph, if you’re looking to expand your small business, incorporation may be appropriate for you as it protect your personal property and assets, should your attempts to grow your business fail.

Its common for business owners to try and grow their businesses to quickly, and when they do, cash flow becomes an issue. When cash flow becomes tight, it’s important that your personal assets are protected.

Here’s how you become protected.

When you become incorporated, you will only be personally liable for amounts owed by the business up to the amount you have invested in the business. Beyond your investment, creditors must rely on being paid from the value of the company’s assets. If there is a shortfall, the creditors lose out and you keep your personal assets!

Beyond your invested capital, you will have no further personal liability for the settlement of debts owed to your business’s creditors, unless of course, you have signed separate personal guarantees for any specific loans or debts.

Personal guarantees may be necessary where your business has little trading history, or where your balance sheet is not robust enough to provide sufficient guarantees to lenders. Personal liability protection is by far the biggest benefit to you as an owner when considering small business incorporation.

Another aspect to liability protection following the incorporation of your business is that your business is also protected from your own personal debts and cannot be damaged by your own credit problems. This is therefore another point for strong consideration.

You should also consider that in times of trouble, shareholders are always the last in line for repayment.
All other creditors must be paid before you can receive your investment back.

Incorporated businesses often find it easier to raise new capital to fund their growth. So if you’re looking to grow your business, incorporation could be the next step for you and your company.

Incorporation sends a message to the financial world that your business will be around for the long term, it gives confidence to the lending institutions and therefore makes it easier to find additional finance.

The attraction of additional funds in the form of equity also becomes easier, because when you incorporate, your company has the ability to issue shares in return for cash.
This share structure also simplifies the transfer ownership should you decide to sell your share of the business.

The separation of the business’s assets and liabilities from your own personal assets makes it much easier to value your business. Incorporating your small business is an important decision, a decision that should not be taken without seeking professional advice first.

Whilst there are significant benefits to incorporation such as those mentioned above, there are also important taxation implications to be considered and additional costs associated with a formal legal status.

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To learn more about small business incorporation, in particular the taxation implications and some of the downsides not mentioned above, visit:
http://www.incorporate-my-business.com
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Birth Of A Marketing Introvert
by Dhyan Atkinson

Have you ever noticed that there are a number of really important things in life for which people rarely take classes in advance? Somehow there is an unspoken, understanding that if there is a decision to start, success will follow! Often starting your own business falls into this catagory.

People put their time and energy into graduating from training programs or they spend hours designing a marvelous product. This is the fun part of getting ready to open a business. People work very hard at these things very willingly, often spending considerable time, effort and money in the process.

The next thing that people willingly do is actually set up their business: finding and decorating an office, choosing a domain name, purchasing equipment, creating that first business card! These are things people do willingly because they are fun and get you closer to opening your business doors.

A startling number of people, however, never think to do a competitive or demographic analysis before they open their business. I didn’t! I started my first business as a psychotherapist without giving any consideration at all to the fact that my city (Boulder, Colorado) had more helping and healing professionals PER SQUARE INCH than any other city in Colorado! Like many others, I believed my product or service was needed and wanted, that I was good at what I did, and that (without thinking about how) my services were going to sell without much effort.

It is in that moment of shock when small business owners understand for the first time that they are going to have to “sell” their product or service that Marketing Introverts become born. Marketing Introverts are generally intelligent, friendly, competent people, but to-a-person they have great feelings of resistance to doing marketing and sales.

Marketing Introverts look backward at all the time, effort and money that they have already invested, then look forward and realize that they still “have to” master essential marketing and sales skills, and can become very dismayed!

If, on top of everything else, they also have some negative beliefs about salespeople, the dread, resistance, dauntedness, and fear can start mushrooming out of control.
There are some who buckle under this challenge and fold up their new business. But even if you are a dyed-in-the-wool Marketing Introvert, losing your dream business doesn’t have to happen.

Those who meet the challenge are able to buck up after that first shock. They say to themselves, “Okay, I want to do this kind of work so I will learn what I need to learn, and do what I need to do, in order to have the business of my dreams.” This kind of marketing introvert has a good chance of turning his or her situation around. Success comes from a willingness to learn those essential business skills, start using them out in the real world to find your clients, and an ability to work with yourself to go from “marketing introvert” to “marketing professional.”

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Dhyan Atkinson is a business skills trainer, consultant, and coach. She specializes in working with small business owners who love their work but have a hard time finding clients, including Marketing Introverts! Her programs teach essential business skills and provide coaching support as business owners go out to find clients. Visit her website at: http://www.SatisfactionByDesign.com and her blog at: http://Marketing4Introverts.wordpress.com