POST CATEGORY : Entrepreneurs

A Deeper Look Into Franchise Success Rates

Franchise success rate

Key Takeaways

  • Franchises show much higher survival rates than independent businesses, with 92% still operating after two years.
  • U.S. franchise output reached $896.9 billion in 2024, reflecting strong post-pandemic growth and resilience.
  • About 90% of franchisees renew their agreements, indicating long-term profitability and satisfaction.
  • Franchises benefit from brand recognition, proven systems, and operational support that independents lack.
  • Success still depends on due diligence, location choice, and individual commitment from each franchisee.
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The Hidden Power of Boring Businesses

Plumber fixing leaked faucet

Key Takeaways

  • “Boring” businesses often generate consistent revenue by solving timeless problems.
  • They thrive on stability, not hype, which reduces risk compared to trendy industries.
  • Unsexy industries can provide high margins and reliable repeat customers.
  • Small businesses in these spaces can scale through smart systems and local dominance.
  • Opportunities abound for entrepreneurs who look past glamour and see real-world demand.
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Starting a Business in a Challenging Economy – 6 Things to Know

Cofounders working on their startup project

Key Takeaways

  • Economic uncertainty and inflation make launching a business riskier, but opportunities still exist.
  • Aligning your business with a higher purpose provides resilience and motivation in tough times.
  • Staying lean, pivoting quickly, and avoiding excessive leverage reduce startup risk.
  • Counter-cyclical solutions perform better in downturns, offering more stability for entrepreneurs.
  • Earned media, word of mouth, and social media are cost-effective ways to build awareness.
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Kenneth Denning on Entrepreneurial Endurance: Building a Lasting Business Legacy

With over three decades of experience in hospitality, real estate, and innovation, Kenneth Denning has built a reputation for turning creative vision into lasting business ventures. As the founder of Denning Enterprises, he has launched and operated numerous iconic venues across New England, including System, Abracadabra, and 36 Luis Street.

Kenneth Denning

Beyond hospitality, his portfolio includes residential property development and patented product designs like the Pool Top Oil Can. Kenneth’s enduring success stems from his disciplined growth strategies, ability to adapt to shifting markets, and commitment to long-term impact—traits that also define the most resilient entrepreneurs.

Business longevity is one of the clearest measures of entrepreneurial success.…

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Hit the Franchise Jackpot by Investing in an Arcade

Amidst the digital revolution, arcade gaming has made an impressive comeback, drawing in enthusiasts and investors alike. Many entrepreneurs are now recognizing the significant potential of arcades as entertainment hubs and as lucrative business ventures. Whether it’s the allure of nostalgia or the communal gaming experience, there’s a growing demand for physical arcade spaces. For those looking to enter a dynamic industry, an arcade franchise could be the golden ticket. Keep reading to discover how you can buy a franchise.

Arcade franchise

Exploring the Resurgence of Arcades as a Profitable Business Venture

The arcade boom of the 1980s might seem like a distant memory, but today, nostalgia has fueled a robust return for these entertainment staples.…

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Remember These Key Considerations When Deciding Between a Solo or Joint Venture

Deciding between launching a solo venture or partnering in a joint venture is a critical choice for any entrepreneur. Understanding the risks involved, particularly in joint ventures, is crucial. Statistics show that up to 70% of all business partnerships fail, underscoring the inherent volatility in shared business endeavors.

Business partnership

This statistic should not necessarily deter aspiring partners but rather prepare them for the potential hurdles that lie ahead. Failures often stem from misaligned goals, poor communication, or unequal distribution of responsibilities. To mitigate these risks, clear communication and aligning visions from the outset are essential steps.

The sobering data on partnership failures highlights the importance of selecting the right partner.…

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Empowering Your Career in the Entrepreneurial Space

The business world is a land?of opportunity, but it presents its own set of difficulties. Regardless of whether you have your sights set on starting your own startup or working in an entrepreneurial organization, success comes to those who use a combination of innovation, grit, and good business sense. Yet being successful in the startup world isn’t just about having ideas; it’s also about how you can leverage your career by focusing on?never-ending improvement and growth.

Entrepreneur

The Value of a Growth Mindset in Entrepreneurship

Having a growth mindset is?one of the most effective tools that any aspiring entrepreneur can have in the entrepreneurially driven planet.…

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What Are the Most Important Things Restaurateurs Need to Consider When Launching a New Location?

Expanding a restaurant to a new location is both exciting and full of potential pitfalls. A second (or third) location should be an opportunity to grow, not a lesson in frustration. Too many restaurateurs assume that what worked in one location will automatically translate to another. But opening a new spot means dealing with new customer expectations, different logistics, and a fresh set of operational challenges.

Restaurateur

A smooth launch isn’t just about having the right menu—it’s about strategy. Every successful restaurateur knows that opening a new location requires precision, planning, and attention to the details that others might overlook. Let’s explore the six most important things to consider before the doors open.…

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3 Business Opportunities for Entrepreneurs to Consider

In today’s rapidly evolving economic landscape, entrepreneurs are always on the lookout for lucrative business opportunities. Choosing the right industry could mean the difference between a thriving enterprise and a struggling business.

Exploring business opportunities

In this article, we will explore three promising business ventures that are gaining attention and are expected to see significant growth in the coming years.

Welding Industry

The welding industry presents a substantial business opportunity for aspiring entrepreneurs. With an increased demand in various sectors such as construction, automotive, and shipbuilding, the industry offers a wide array of prospects. This demand is not just speculative; research from Fortune Business Insights projects that the global welding market will expand significantly, reaching an estimated size of $34.18 billion by 2030.…

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Investment Banker Joseph Rallo to Aspiring Entrepreneurs: Do These 5 Things Now

It’s no secret that most new businesses fail before they manage to turn a profit. Recent numbers from the Bureau of Labor Statistics show about 20% of startups failing in the first year, about 50% by year five, and over 65% by year 10.

Joseph Rallo

Many entrepreneurs take the first failure as a sign that they should do something else with their lives. Others dust themselves off and get to work on a new and hopefully more successful idea.

Veteran investment banker Joseph Rallo has worked with countless entrepreneurs and startup teams in a variety of high-growth industries over the years. He’s seen plenty of examples of both outcomes.…

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