Learning how franchising works has given me a new insight
what to expect in owning a franchise. I see the good and the bad and I have
witnesses the good and the bad. I can say I mostly like the good. I like walking
into an establishment and knowing exactly what to expect. I can tell when it is
a franchise owned company or an individual owned. I worked for the Hilton Corporation
many years and they had a set standard. I can tell when I walk into an
individual hotel that is not ran by a franchise and could tell the difference
from the cleanliness down to the type of customer service I would receive.
There is many perks to owning a franchise the brand recognition and the
trademark is a positive part of starting a franchise. When studying the cases
such as IceDelights the learned that this was not a “business in a box” there
is a lot of research to pursue. There is no guarantee with anything and they
will have to take a risk.
I love listening to Steve Job’s he is so inspiring and has
great advice. He had been fired from a company he started but that did not let
him down, he was able to start new and founded NeXT and Pixar. He eventually
was hire back with Apple inc. and was able to head a number of great projects
such as I Tunes, I Pod, iPad and I phone.
Acton Hero Nichole Donnelly was also inspiring she had to
learn to become a leader and she has to work hard to gain credibility with
others. She was determined to not quit but to continue and commit to building
something create.
$100 Challenge is doing ok we have had some challenges in
collecting more items to have a larger inventory base. The problem is not
having an assortment of sizes.
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