The Desk of BizON

This blog is dedicated to small businesses, entrepreneurs and anyone looking to buy, sell & grow businesses or franchises.

You Can’t Buy a Starbucks Franchise: Here’s Why and What You Can Do Instead

Entrepreneur readers often reach out about how to franchise a Starbucks or learn more about owning one of the coffee shops. Unfortunately, if you live in the U.S. or Canada, owning a Starbucks franchise probably just isn’t in the cards for you. Like Chick-fil-A, the Seattle-based coffee chain prefers to own each of its own locations. Continue reading “You Can’t Buy a Starbucks Franchise: Here’s Why and What You Can Do Instead”


9 Signs You Need to Buy an Existing Business

The saying goes, “If you want your dream job create it.” At BizON, we say if you want your dream job buy it! There are significant upsides to buying an existing, established, profitable business or franchise – but here are some signs you might notice that are subtly nudging you to pursue the world of Continue reading “9 Signs You Need to Buy an Existing Business”

10 Signs You Need to Sell Your Business

Selling a business or franchise can be extremely scary and intimidating. For most, the ownership of a business or franchise can be their first or second biggest asset, so selling that asset shouldn’t be taken lightly. Continue reading “10 Signs You Need to Sell Your Business”

10 Questions You Must Ask Before Buying a Business

Andrew Cagnetta bought his first business — a pasta shop in Wethersfield, Conn. — at age 25 and quickly realized he hadn’t done his homework thoroughly enough. Although he stuck to the shop’s original recipes and products, customers began complaining that the recipes had changed. Sales declined, and in less than two years, Cagnetta and his cousin, the co-owner, ended up selling the store. Continue reading “10 Questions You Must Ask Before Buying a Business”

5 Tips When Hiring Millennials

When recruiting in today’s workforce, it is important to keep in mind the different trends amongst millennials. If you are in the business of recruiting, chances are you are hiring a millennial. We’ve all heard the stereotypes, however, the fact is millennials are changing the workforce culture, and employers need to recognize this and adapt. In fact, millennials make up the largest segment in the workplace, with the percentage increasing. Continue reading “5 Tips When Hiring Millennials”

3 Reasons Buying a Franchise Might Be Better Than Starting Your Own Business

Franchises are systems that have been tested and refined and tested again. And gaining access to that system gives you, as a franchisee, the ability to start faster, reduce your initial investment, and avoid mistakes. Continue reading “3 Reasons Buying a Franchise Might Be Better Than Starting Your Own Business”

Transition planning considerations for franchise owners

(3 min read)

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Just like other successful business owners, franchise owners need to plan for the eventual transition of their franchise business. As with business owners, advance planning for this helps to maximize the transition value of the business, minimize future taxes, and secure preparation for both expected options and unexpected events such as the sudden disability or death of a franchisee. Continue reading “Transition planning considerations for franchise owners”

The Key Ingredients for Succession Success

( 2min read)

“Vision without execution is hallucination.” Thomas A. Edison

85% of family businesses that fail in transition do so because of poor communication and insufficient preparation. That’s why, every day, we work with family business owners to ensure they’re having the key conversations needed to plan for the future. Continue reading “The Key Ingredients for Succession Success”

How to Improve Your Profit with Intangible Assets

It is commonly accepted that banks can’t finance small to medium-sized enterprises (SMEs) these days.

Many SMEs lack the traditional collateral grade assets and/or reliable cash flow that banks need to write a commercial loan or extend a working line of credit. Continue reading “How to Improve Your Profit with Intangible Assets”

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