Franchising VS Business Opportunity; What is the Difference?

Franchising VS Business Opportunity; What is the Difference?

The modern Franchise business model and the much different business opportunity are much different and dissimilar. The definition of these two business models should be broken into completely different parts to better fit the two-different business models and have their own set of regulations, which would contain similar stipulations with regards to prohibitions, definitions or basic rules of law. The Federal Trade Commission is considering a redefining of these two models under their legal description.

I would beg to differ from those who propose similarities in rules of law or basic definitional properties of business opportunities and franchises, which did not co-evolve between 1970 to 1995, but rather Franchising branched off completely to form a divergent and much higher cognitive state. Business Opportunities on the other hand meandered to experience a multitude of developmental digressions, which now encompass everything from MLM businesses and ATM machines to Kiosks and online vitamin supplements.

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USB Key Drives - Useful Tool

USB Key Drives - Useful Tool

There are many different names for these drives, just so we are all on the same wavelength about what I’m talking about, here are a few of the other names:

USB Key Drives, Thumb Drive, USB Pen, Key Drive, Microdrive, Flash Drive.

These drives, regardless of what you call them, are an extremely handy tool for anyone who uses computers at different locations. USB drives are great because they are very small, and fit in your pocket, necklace, or keychain. They give you anywhere from 32 MB to 4 GB in storage, and require no software! You just plug it in to the USB port on a computer and boom, instance storage and transfer device.

These drives save you a lot of time and money. It’s a quick way to transfer personal documents, projects, pictures from home to the office and reduces the waste of burning CD’s, or using diskettes. We moved away from the paper based office to the electronic office, now we are enhancing that more, my using reusable data transfer devices with much higher capacity and life span.

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The Tables Have Turned - Its Officially a Sellers Market

The Tables Have Turned - Its Officially a Sellers Market

Private equity firms have raised so much capital over the last 12 months that they are vigorously competing with one another for opportunities to put their money to work. Business owners, who previously would have had to go hat-in-hand to investors, instead find themselves inundated with unsolicited offers for their companies. Companies with solid balance sheets, good management and strong growth prospects are able to tailor deals to their liking, and get solid valuations.

According to Private Equity Analyst, a newsletter that covers the private equity and venture capital industry, private equity groups raised $53.9 billion in 2004, more than double the $26.4 billion raised in 2003.

"All this money out there means business owners might be able to get a better value for their company or sell less of it or both" says Patrick Haden, a partner with Riordan, Lewis & Haden, a private equity firm in Los Angeles. "And it allows owners to choose the firm they want to work with, the firm that can help them the most".

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Helping Others Develop Their Potential

Helping Others Develop Their Potential

Most of us find ourselves in a position to help others achieve more of their potential than we realize. Sure, as leaders, supervisors, and parents we can see ourselves in that position; but the fact is that all of us are uniquely qualified to help at least one other person in our lives reach their potential. I believe it is part of our purpose in life to serve others in this way - to encourage and support people we care about in becoming their best selves.

Many books (some of which sit on my bookcases) have been written about coaching and helping people develop their skills. This article won’t be a definitive list, but it will share my perspective on the essential ingredients in helping others reach their potential.

Help Them See

The first step in developing the potential in others is for the "others" to recognize that they have potential and to know for themselves what it is! We’ve already talked about his but you can’t forget it - it is a critical step. Our goal should be to help them get where they want to go - even if their vision is slightly different from ours.

Potential is about passion. If people don’t have passion for the future they see, they are much less likely to get there (and likely it isn’t the right future!)

Be Them Focused

Many years ago I had a manager who saw great things in my future. He was very supportive of helping me reach his vision. While I will always be grateful to him for seeing potential in me, I continue to shake my head at his approach. He never wanted to know what I saw for myself and my future, instead, he assumed I would want to become what he saw for me. Even when I tried to explain to him that our visions didn’t match, he focused on providing me opportunities and support that were right for his vision, not mine.

Remember that you are helping people reach their potential, helping them discover their agenda and goals. This is not a platform for you to exert your influence based on your belief in them or your vision for them.

Yes, if you are a supervisor or manager you may have organizational goals you hope this person can achieve. Be upfront about those goals, and look for the matches with the person’s passions and unique abilities. Perhaps there is a perfect fit, or maybe the best thing you can do for everyone is help the person move into a new or different role inside or outside of the organization.

To truly serve others in this way we must keep this process completely about them, and not our best judgment, our agenda or our vision for them.

Ask Questions

As a developer of potential our role is to draw the answers from others. Too often we want to share our wisdom and advice. We will be more effective when we spend less time talking and more time asking and listening. Ask people questions about their passions, their ideas regarding their greatest areas of potential, and about the other areas in this article.

Ask questions without bias and questions that encourage the other person to think. Then be patient and keep your mouth shut after you ask. Your only job then is to listen.

Help Them Set Goals

All of us know the value of goal setting, but many of us don’t do it very well or very consistently on our own. We can guide and encourage people to set them. We can help them define and clarify these goals through the questions we ask. Help people describe their current situation then set goals that will stretch them from their current reality towards their potential.

Use your questioning skills throughout this process and encourage people to write their goals down.

Help Them Identify Options and Opportunities

As a part of the goal setting process, people should begin to identify some options to help them reach the goal. Here is where you can begin to provide more direct advice. Perhaps you have experience that you can share to help them identify approaches they can use. Perhaps if you are in the role of a supervisor, you can offer specific training or learning experiences to help them.

At least as important though, is that you are now in a unique position to help them in the future because you know their goals and their vision. As time goes by you will be become aware of situations, courses, lectures, books, people and all manner of other things that will help that person advance towards their goals. Make sure you share those ideas and opportunities with them.

Provide Support

If we want to help people reach their potential, we know they need support. They need encouragement, advice and even feedback.

You expected me to mention feedback, and it is very important. Sometimes though, people have more feedback than they want or need. What they are often lacking is encouragement. Be a person who is supportive, interested and encouraging and you will provide great value to others.

Be a Model

Want to help others reach their potential? The most important thing you can do is be on that same path for yourself. Model the behaviors you are encouraging in them. Have your own development goals. Be a willing and eager learner. Be open and flexible to new opportunities yourself.

You will have much greater influence and much more success in developing others if you are serious about developing yourself first.

Taken individually each of the suggestions above can be a powerful aid to you in helping others reach their potential. Taken together they will astound both you and those you are helping. The best way to apply these ideas is to get started. Identify at least one of these suggestions that you will implement today.

Getting started is often the toughest step. Seeing the success that comes with action will encourage you to continue. Doing it (rather than just shaking your head and agreeing with these ideas) will be both gratifying and life changing - to those you are helping and to you too!

Follow these steps and you are on your way to unleashing the massive potential in others.

I wish you great success.

2004, All Rights Reserved, Kevin Eikenberry. Kevin publishes Unleash Your Potential, a free weekly ezine designed to provide ideas, tools, techniques and inspiration to enhance your professional skills. Go to http://www.kevineikenberry.com/uypw/current.asp to read the current issue and subscribe. Kevin is also President of The Kevin Eikenberry Group, a learning consulting company that helps Clients reach their potential through a variety of training, consulting and speaking services. You may contact Kevin at toll free 888.LEARNER.

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Poly Bags and Pallet Shrouds - Just Get it Right

Poly Bags and Pallet Shrouds - Just Get it Right

For many companies, procuring the right packaging, such as Poly Bagscan be daunting. This is especially true of polythene bags.

They come in all shapes and sizes, just about any thickness imaginable, someare welded at the bottom, some at the side. Some are printed in various colours,some have no print at all. It may be boring, but someone must take theresponsibility of buying these items, and whoever does it must get it right.

It is no good if you have a strict deadline to launch a new product and youcan’t get it into the bag. Did the product suddenly grow, or was the wrong sizebag ordered. All eyes on the packaging buyer!

And what of larger items? Many companies use Pallet Covers and PalletShrouds that are made of polythene. How do you make sure that the suppliercan provide these items on time, every time and at a reasonable cost?

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