Jim Judy

Jim Judy

Franchise Business Consultant

Tag Archives: jim judy


second chapter

Ready for a Second Chapter? Try Franchising!

Sometimes, you just need to turn the page.

 

Writing a second chapter of your professional life is no longer the exception, it’s the norm. In fact, the Bureau of Labor Statistics reports that the average baby boomer will hold 11.7 jobs from age 18 to age 48. For many people, that’s only Chapter One.

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multi-unit franchisee

Go Ahead and Indulge! Why You Don’t Have to Wait to be a Multi-Unit Franchisee

Patience is a virtue, but when it comes to franchising, it can also be a mistake.

 

That’s the message I have for some franchise candidates when they are missing the opportunity to launch their own franchise empire but are being too cautious by considering only one unit. While in many circumstances beginning a franchising journey with one franchise absolutely is the smartest bet, many franchise systems are better suited for people to take the plunge as a multi-unit franchisee or area developer.

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seeking new opportunities

Unemployed? Seeking New Opportunities? You should Try Franchising

The current economic boom has seen unemployment rates plummet to levels not seen in decades, but that doesn’t mean those currently unemployed should only focus on finding a new job. Unemployment is scary, but when considering a new life as an entrepreneur, it can also be exciting.

Not sure which path you want to take? You may be right for a franchise.

Here’s why. Continue reading

Report: Franchise Sector Expected to Outpace Broad Economy…Again

The annual International Franchise Association (IFA) Convention recently concluded in Phoenix, Arizona. The city, the venue and the attendees were different than they were in years past, but the outlook for the franchising world remains the same.

It’s going to be another very good year.

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Jim Judy Forbes Coaches Council

Jim Judy, Franchise Business Consultant, accepted into Forbes Coaches Council

Forbes Coaches Council Is an Invitation-Only Community for Leading Business and Career Coaches

[Raleigh, NC (February 1)] — Jim Judy, one of the country’s leading experts in franchise businesses, has been accepted into the Forbes Coaches Council, an invitation-only community for leading business and career coaches.

Jim Judy joins other Forbes Coaches Council members, who are hand-selected, to become part of a curated network of successful peers and get access to a variety of exclusive benefits and resources, including the opportunity to submit thought leadership articles and short tips on industry-related topics for publishing on Forbes.com. Continue reading

Franchises Less Risky Than Startups

Are Franchises Less Risky Than Startups?

As a franchise consultant, I get this question regularly from candidates trying to decide if they should explore entrepreneurship through franchising or try opening an independent business. Traditionally, franchises have been considered safer bets than startups because franchise businesses offer unmatched levels of support along with proven business models of success.

 

However, do a search of success rates for franchise business vs. independent startups and you’ll get a wide range of answers, none of which can be considered conclusive. However, a recent study posted on entrepreneur.com revealing why small businesses generally fail confirms what I’ve believed all along:

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Do you have a 10 year plan?

Do you know where will you be in 10 years? Here’s a hint…

Take a good look at your life right now. Odds are, it’s going to look very different in a decade. Change will come for everyone, but preparing for change is what separates those who create the life they want and those who exist in whatever life creates for them.

Which person will you be?

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Business of Beauty

Business of Beauty Makes Customers Look Good and Owners Feel Great

Beauty is booming and more than ever, the franchise industry is catching on with terrific new concepts. The Health & Wellness category annually generates $60 billion in revenue, offers many concepts in the low-cost service industry and generates lots of repeat business.

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working with a franchise consultant

Yes, there is an investment when working with a franchise consultant (but it’s not what you think!)

Visit enough franchise consultant websites and you’ll see plenty of language explaining that our services are free. No risk, no obligation…just pick up the phone!

 

That’s true, but that doesn’t mean that candidates don’t make an investment when working with a franchise consultant. It just means that investment isn’t a financial one.

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Be Your Own Boss

Listen to yourself! Five thoughts you’re having that indicate you’re ready to be your own boss.

How do you know you’re ready to be your own boss?

 

The message isn’t going to come from your friends. It’s not going to come from a spouse, a parent or a sibling. It’s not going to come from a co-worker, a motivational speaker, or a business consultant.

 

The only person that will know is you. You just need to listen to your own thoughts.

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