3 Key Questions That Will Help You Decide If Your Business Can Be Franchised

If you have a successful business that’s susceptible to a regional or national system of marketing and you don’t want to share control or risk the personality conflicts that come with bringing in investors who would become your equals in making business decisions, then franchising may be your best course of action. To help you determine whether your business could be franchised, review the three qualifiers and considerations described below.

3 Ways to Build a Business That Gives You Mental Balance

When you are launching a new venture, it can sometimes feel like balance is a complete myth. Michael Schultz knows firsthand about working long, crazy hours, having worked in the restaurant industry since he was 12 years old. He has worked for big names such as Ruth’s Chris Steak House and Wolfgang Puck, and in 2015, opened Goddess and the Baker, a well regarded cafe in Chicago.

This spring, when he launched his new company, a specialty food and beverage chain called Fairgrounds Coffee & Tea Brew Bar, Schultz wanted to make work/life balance a part of the company’s mission from day one. While it’s something that’s incredibly valuable to Schultz now, he says that wasn’t always the case.

10 Ways to Make Your Company More Attractive to Investors

If money will solve specific problems for your business or grow the company faster, you’re in a good place to decide if raising money is right for you. While raising money is definitely not a quick and easy process, it can be used as a massive lever to push your business to the top.

If raising money is something that you’re confident will take your business to the next level, here are ten ways to make yourself and your company a more attractive investment:

1. Surround yourself with experts.

Being surrounded by great people is always solid advice. In this case, have an advisory board filled with mentors, coaches, consultants and advisors. It doesn’t matter if its formal or informal, but just having one shows that you're aware that you don’t know it all and have people that can help you see the bigger picture.