Newfoundlanders are known as a warm and welcoming people. Of course, warm and welcoming doesn’t necessarily mean they will embrace change.
Trey Metcalfe and his wife, Jennifer, knew that opening a new Bin There Dump That franchise would likely present some challenges when they became franchise operators in 2011.
“The first year was a bit touch and go,” Metcalfe says. “Our culture is a little bit different anywhere else in Canada. We’re about 4-5 years behind the rest of Canada.” Continue reading “Franchise Operator Spotlight: Persistence and Perseverance In Newfoundland”
Sometimes, too much of a good thing just isn’t enough.
You’ve been running your franchise for some time now. The experience has been as good, perhaps even better than expected. Response from the market has been positive, and there’s plenty of business… The franchise is growing.
Maybe when you got started, you wanted to see how things worked out — or perhaps your funding was limited — but now you’re ready to take on a new territory. The corporate office is happy to explore the possibilities: As an existing franchise operator, you’re already ahead of the game.
Continue reading “When It’s Time To Grow The Business”
Sugarcoating information is a bad idea. While working with Bin There Dump That franchise operators across the United States and Canada, we’ve learned it’s best to shoot from the hip and tell it like it is. When information is direct, honest and free flowing, it’s only then you can make smart decisions regarding a Bin There Dump That franchise and where it fits into your business plans.
Owning a small business is not for the faint of heart. With all of the likely research you’ve done up to this point, there’s a good chance you already knew that.
Unfortunately, the odds aren’t necessarily favorable for those entrepreneurs with new businesses. For example, a survey from the U.S. Commerce Dept. shows nearly 30 percent of small businesses fail in their first year. After five years, only 20 percent will still have their open signs on. Continue reading “Getting Started: How Successful Will Your New Franchise Be?”
Budgets are tough. Budgets aren’t always easy to stick to. And sometimes it’s an even tougher task to come up with a budget in the first place. Take, for example, the startup costs you’ll have as you get your franchise up and running. How much will everything cost? Are you prepared — fiscally?
A lack of cash flow is one of the most common reasons a small business doesn’t make it out of its first year. The better you understand your initial startup costs, the better off you’ll be in the long run. Seriously.
So before you approach a lender, let’s make sure we get a better handle on the variety of costs associated with becoming a Bin There Dump That franchise operator. The best way to do that? Make two lists.
Here’s a look at what should be on your lists. Continue reading “Before You Approach A Lender: Understand Your Franchise Startup Costs”