Tag Archives: starting a business

NPI/GPI Prepares to Celebrate 30 Years by Remembering First Franchisee

By Roland Bates, President, NPI/GPI It will soon be 30 years since I sold the first NPI franchise. I am pleased to say that franchisee, Clyde Yost, is still with us. The first franchise is certainly the hardest one to sell. You are selling your idea, and at that point, no one other than you Continue Reading »

5 Small-business Marketing Tips From a ‘Shark’

If you watch ABC’s “Shark Tank,” then you are likely familiar with Robert Herjavec. Born in eastern Europe, Herjavec and his family immigrated to Canada when he was a boy to escape communism in the former Yugoslavia (now Croatia). The son of a factory worker, Herjavec emerged from humble beginnings to build and sell several companies in the IT Continue Reading »

Why Every Business Owner Needs a Mentor

By Roland Bates, President, NPI/GPI Several years ago, I read a white paper that said that about 70 percent of the decisions a business owner makes ultimately prove to be wrong. (That 70 percent is the number in the report; that is not a typo.) That’s a lot of zigzagging to get from Point A Continue Reading »

Want to Be a Successful Business Owner? Don’t Make These Mistakes

While the idea of owning a business is a dream for many people, there are times when entrepreneurs fail to think things through. Funding the business, having an in-demand product or service to sell, and hiring employees are some of the common challenges that entrepreneurs face: Hiring employees too quickly can financially drain your business. Continue Reading »

What Makes a Good Entrepreneur?

Many people dream of becoming prosperous business owners; however, achieving that goal is challenging and requires hard work. Some people never take the initiative to try to make it happen — possibly due to fear and/or lack of ambition. Granted, some people seem to be born with the talent for becoming successful business owners. Others Continue Reading »

Should I Start My Own Business or Buy a Franchise?

You have reached a point in your life that brings you to making a decision about your career. You know what kind of work you want to do, and you know you want your own business. Now you are down to the final decision of choosing to start a business or buy a franchise. What Continue Reading »

What You Need to Know Before Signing a Franchise Agreement

When you decide to become an entrepreneur, making the investment in your financial future can be a big decision. Your thought process should be thorough and precise before you make the final choice about how you will invest your money and time. Some people may choose to start their own businesses and create their own Continue Reading »

What You Need to Know SBA Loans

The U.S. Small Business Administration (SBA) is designed to fund loans that small businesses loans may need for a variety of different reasons. However, the SBA does not actually provide the money; rather the organization provides the guarantee that the debt will be repaid to their partners. The SBA website offers overviews of loans that Continue Reading »

Starting Your Own Business: Strategies for Success

Age is mostly irrelevant in becoming a determining factor for succeeding as an entrepreneur. There have been young entrepreneurs as well as older, established entrepreneurs. Some have built success on seemingly impossible ideas and others seem to possess a certain amount of luck. For the most part, a successful entrepreneur will have to fearlessly work Continue Reading »