The U.S. Labor Department reports that unincorporated self-employed workers have risen by 500,000 since the start of the pandemic.  Workers are seeking flexibility and employees are discovering their inner entrepreneur according to the WSJ.  What an opportunity for franchisors, a proper message appealing to these entrepreneurial minded people can show the way to owning their own business and reducing risk.

Labor Department data shows that a record 4.4 million resigned from their job in September of 2021, showing the general desire to be in more control over their lives and priorities.  While a significant number of these 500,000 added to the self-employed market may be those who do not want employees or just want to work alone that still leaves hundreds of thousands who might make good franchisees.

Already we are seeing the impact, in 2021 franchising’s contribution to the U.S. continued to grow:*

• 16 million jobs
• 2021 projected payroll $780 billion.
• 7.4% of GDP

With this strength in the growth of franchising the New Year brings on the strategic question of whether to grow a concept by franchising or by company owned units?  There are many factors involved including the capital required to open units, management’s abilities, need for rapid market penetration, ability to teach the system, profitability, etc.  So it’s probably a good idea to get the opinion of an expert, thankfully that has kept me in this business for over 40 years.  Here are some of the things I consider to gauge the potential of a start up franchise:

• At least one and preferably several or many company owned stores that are successful.
• Then we measure the ROI after royalties.
• Is the business teachable?
• Do they have a registered trademark and have they protected other intellectual property rights.
• Does management have the right mind set to lead franchisees, not boss them?
• Is there sufficient capital to not only set up the franchise system with legal and business requirements but will there be capital to launch the hunt for franchisees?

What are the advantages of using franchising?

• Rapid market penetration.
• The franchisees supply most of the capital for growth.
• The franchisee become management with “skin in the game”.
• You build a community of like-minded people that can provide collaborative excellence to propel the whole system to new and greater heights.
• Reduced risk because of the proven business systems.

This mini overview is just to remind you that franchising is real, continuing to grow and worth protecting.

*Statistics were taken from multiple sources including U.S. Labor Department, FranData, the IFA and other industry sources.  Jack Eberenz is a franchise consultant and advisor. Can be reach at jack@franway.com

Dates EmployedOct 2017 – Present

Employment Duration3 yrs 4 mos

LocationScottsdale AZ.

The post “WORKERS QUIT JOBS IN DROVES TO BECOME THEIR OWN BOSSES” Wall Street Journal 11/30/21 first appeared on Kevin J Palmer Scottsdale.

Daniel Goleman, a Rutgers psychologist who has studied the link between emotional intelligence and business leadership for decades, calls emotional intelligence the “sine qua non of leadership. Without it, a person can have the best training in the world, an incisive, analytical mind, and an endless supply of smart ideas, but [they] still won’t make a great leader.”

But what is emotional intelligence, and how can CEOs cultivate it? For answers, we checked in with Amanda Madorno, a Vistage speaker and coach who specializes in helping leaders develop this critical skill.

Emotional intelligence is the ability to understand and manage your emotions, as well as recognize and influence the emotions of those around you. Leaders can “use this understanding to guide their behavior, solve problems and manage the behavior of others,” explains Madorno.

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Kevin Palmer http://KevinjPalmerAuthor.com  Jul 02, 2018 · Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018). Previous registrations include First Montauk in Scottsdale, Arizona (2001-2008); Merrill Lynch in New York, New York (1994-2001); and Painewebber in Weehawken, New Jersey (1985-1994). http://KevinJPalmer.com

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Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Palmer (CRD# 1370541). Kevin Palmer has spent 32 years in the securities industry and was most recently registered with First Allied Securities in Scottsdale, Arizona (2008-2018).  http://KevinPalmerArizona.comKevin Palmer writer-rebel-producer-poet _https://stopbrokerfraud.com/2018/07/02/kevin-palmer

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Congratulations on your engagement, we wish you all life can offer.

Unfortunately we will not be attending the celebration as all our travel plans are now on hold. These are strange days indeed. We were skiing in Telluride last week and they closed the mountain. I’ve been thrown out of bars before but never a ski resort, Lol.

However this pending global crisis confirms why we choose a partner to love and trust during the best and worst of times. Ironically it is life’s struggles that makes a marriage strong so use them to your advantage and know there is no sun without a little rain.

Here’s to a bright, happy and prosperous future together—all the best!

Love,  Name Redacted

The post We Choose a Partner first appeared on Kevin J Palmer Scottsdale.

Most days I analyze, calculate, strategize and execute. Then there are those days I want nothing to do with stock markets, balance sheets or the business of “businesses” and instead, mindfully ideate, write and sing.

Then there are those “in-between” days when it’s all about the wine.

The post Those “in-between” Days first appeared on Kevin J Palmer Scottsdale.