KFC Actually Selling Chicken Corsages for Prom

Finger lickin' good! The fast food chain's new edible wristbands - priced at $20 - feature one golden drumstick along with a wreath of sweet-smelling baby's breath flowers

April Fools was over two weeks ago, but apparently it doesn’t matter for KFC.

This time, the joke is on America’s fried-chicken staple, which is actually selling drumstick corsages just in time for high school proms.

Teaming up with Nanz and Kraft, a Louisville florist company, KFC is offering finger-licking corsage-chicken hybrids, which feature a drumstick — yes, a drumstick — instead of the traditional floral decor, along with silk baby’s breath, green leaves, and a white ribbon.

Orders for the bizarre graduation accessory can be made almost anywhere. Once an order is placed, Nanz and Kraft will ship the corsage and a $5 voucher that will allow the purchaser redeem a fresh drumstick at any KFC location.

There were only 100 originally made, and he cost for one is $20. Additional shipping costs vary, of course, depending on the customer’s distance from Louisville, Kentucky.

“Word is spreading, and they’re going pretty fast,” said Angie Searcy, general manager of Nanz & Kraft, in an interview with USA Today, who added that they may consider making more than 100 if KFC wants to continue the offer.

“We are shipping them all over the place. The bulk of (orders) are from different cities and states, not actually Kentucky,” she added.

In the strange spirit of it all, co-owner of Nanz and Kraft, Eddit Kraft, said to Global News that, “We actually have a couple that’s getting married in Louisville that’s wondering about a wedding, and they want to incorporate their flower centrepieces with the KFC chicken buckets.”

“But we’ll see where it all goes. We might have to do boutonnieres next year or something like that,” he said.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.

How Vets Can Know They’re Ready for a Franchise Mission

Military Vets Mission


There is no Am I ready for this? question to ask yourself in the military.

Missions are completed under strict orders, and as combatants you must follow each objective carefully and meticulously in order to be successful.

In the line of duty, it often takes unfathomable courage, teamwork, belief, and fearlessness. For this, your country is forever in your debt.

Being ready for a franchising mission takes self-reflection, time

As you leave the military and become an honourable veteran, many veterans will wonder what’s the next mission in life – Where do I take my life after serving my country for so many years?

Many veterans succeed as entrepreneurs, especially in franchising, because of their outstanding attention-to-detail, process-following, problem solving, and leadership skills.

Simply put, there are rules and systems to be followed, similar to those found in the military.

While it’s important to take some time to reflect, take into account that franchising is perhaps the closest replication to the military – meaning a transition into a new civilian will be easier, as countless other veterans in franchising have proven.

Vets should understand the costs, expectations, and journey

Although the start-up franchising costs aren’t cheap – often in the five-figure or above range – many franchisors offer franchise-fee discounts and other incentives to veterans. That’s because veterans excel at owning and operating franchises, and deserve to be rewarded for the value they bring.

However, this new career path won’t necessarily be an easy mission.

Rewarding? Yes, absolutely. Challenging? Almost certainly. 

Invest yourself in the beginning, for the long haul

Especially in the beginning stages of owning a franchise, new franchisees will need to ensure they hire the right staff, establish a strong team-focused business culture, and optimize daily efficiencies to ensure profits are maximized.

And while hours as a business owner can be flexible, owning a business means that the majority of the work will likely need to be done by you, unless you’ve hired a management to oversee operations.

But the successful end result is liberating – knowing you became an entrepreneur.

And for many veterans, this is a mission that changes their lives forever.


To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.

Intriguing Franchising Trends for the New Year

Are you attracted to the idea of opening a franchise? It makes sense—you get a recognized brand, a proven operating system and built-in sales and marketing training and support, usually for less than it would cost to launch a similar business from scratch. Franchise Times reported on some intriguing franchising trends for 2013 and heading into the coming year, including healthcare, celebrity endorsements and consolidation.

Healthcare Franchises

The Affordable Care Act has sparked some surprising business franchising opportunities, such as the new economy hearing aid franchise Zounds, and new nutrition and fitness franchise concept Red Light, Green Light, Eat Right. Other hot medical franchise opportunities include chiropractic, lab testing, weight control, mobile dental equipment repair, fitness centers, learning assistance, home care and hospice and senior nursing care. Expect to see even more varied franchise concepts as naturopathy, lasik eye treatment and home health care, due to the expected addition of millions more Americans with health insurance and a shortage of primary care doctors.

Celebrity Endorsements

Celebrity endorsements are gaining traction in franchising. Stars bring in customers and big business. The latest celebrity endorsements for franchises include Peyton Manning for Papa John’s, singer/rapper Pitbull for Miami Subs, Shaquille O’Neal and Auntie Anne’s and Magic Johnson and Starbucks. Celebrity endorsement isn’t a new marketing concept and while it does come with some pitfalls, partnering with someone who already has a huge fan following can be a shortcut to success.

Consolidation

Franchise Times reports that franchises sold in record numbers in 2012, in addition to many mergers and acquisitions in the franchise world. The trend continued in 2013, with franchisees getting bigger because smaller units are selling to big operators due to increasing food costs, anticipated rise in healthcare costs in 2014, costly remodeling campaigns and retiring operators. Costly rebranding and remodeling campaigns are big incentives for smaller operators to sell. Burger King and Wendy’s have major remodeling and rebranding initiatives, and Applebee’s is rebranding.

How to Get Started

The Entrepreneur Authority recommends you first figure out what your priorities and expectations are. Consider such factors as what industry you want to work in, if you want a large brand or a new niche, and how much you are willing and able to invest.

As with any business and financial dealings, conduct your due diligence as far as raising the necessary capital. The Small Business Administration (SBA) has many resources for those who want to buy franchises, including tutorials and franchise research resources. The SBA also has information about securing a business loan to fund your franchise purchase. In addition to business loans, interested entrepreneurs may be able to fund their venture by selling annuities for a lump sum payment up front.

Finally, read and understand the detailed disclosure document required by the Federal Trade Commission’s Franchise and Business Opportunity Rule.

Maximize Your Morning Productivity (Infographic)

Entrepreneurs that succeed the most maximize their time efficiency.

Then, if so, why is it that mornings are so difficult for some people?

When it comes down to it, simple planning and a few changes can help most entrepreneurs thrive in the mornings and get more work done.

Plan ahead the night before, rethink wake-up time

It’s important to get into a soothing ritual before bed, to best prepare your body for quality sleep. Along with this, it’s a good idea to rethink your wake-up time – most successful entrepreneurs and business leaders rise at 6:00 a.m. or earlier.

As a great tip, it’s important to slowly wind down by turning off all electronic devices and relaxing the mind 90 minutes before you go to bed.

Get off on the right foot in the morning

Just as it’s important to have a routine before bed, it’s also good to have one in the morning to successfully gear yourself up for a productive morning. Whether it be exercise, stretching, something creative, or just reading the news, get into a habit you enjoy and can look forward to.

Most importantly, get focused for the day ahead and be sure to stay relaxed and connected with your environment.

Tackle most important things right away

At the office, make a list of your Top 3 most important things and tackle them right away. This will help your prioritize and re-focus your mind, while helping you to optimize your efficiency.

Above all, manage your morning energy effectively and spread it out through the rest of the day.

For the full picture, check out this infographic from Entrepreneur and Column Five:

How to Use Social Media to Find Customers (Infographic)

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.


INFOGRAPHIC: Veteran-Owned Businesses by the Numbers

In our Veteran’s Day post earlier this week, we mentioned the fact that the VetFran Operating Enduring Opportunity program that launched in 2011 with a goal of recruiting 80,000 veterans and their spouses to franchising has already far surpassed that goal. 

More than 150,000 veterans, spouses and wounded warriors have started new careers in franchising, including more than 5,000 as franchise owners!

This infographic takes a look at the numbers behind veteran-owned businesses in America:

TEA is proud to support VetFran and to assist veterans in their search for a new business.  If you are a current or former member of the U.S. military looking to pursue a dream of business ownership, give us a call at 866-246-2884.  Our service is free, and we would consider it an honor to assist you with achieving your dreams.

You can also learn more about franchise opportunities at our free monthly webinar, Franchise Ownership as a More Stable Career Path.  The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.

How to Succeed from Day 1 as a New Franchisee


Long-term, sustained success takes planning.

Achieving great things – no matter how farfetched they may seem – is possible, but the work and strategic efficiency it takes to accomplish it isn’t easy.

That’s why it’s so critical for new franchisees to be ready to really dedicate themselves from the first day as a new franchise owner – setting themselves up for success right off the bat, so they can hit a home run on their new investment.

Ensure systems are optimized, right staff are on your team

Franchise systems are the hallmark of franchise success, and ensuring they’re optimized is paramount to helping your franchise reap its rewards. Before you open your doors, ensure you put as much work as possible into working with the franchisor to study and get familiarized with its systems. Make sure you know why things are being conducted a certain way, so that you can best teach and mentor your managers and staff.

Of course, having the right staff is also key to succeeding from Day 1 in business. Before you start hiring your staff, take time to speak with other franchisees and learn what type of workers and managers helped them succeed the best. By combining this information with your own opinions, you can create a strategic direction for hiring the right team to help optimize your franchise success.

Excellent service, quality, and atmosphere will bring customers back

While an initial marketing blitz and new-business buzz may help drive customers to your business once it opens (social media, guerilla marketing, and other forms of advertising campaigns will be needed), retaining and growing this customer base is the bigger challenge.

So, how does a brand-spankin’-new franchisee do this?

If you’ve already hired and trained in your staff with a customer-service mindset, you can most importantly ensure your customers have an excellent first experience. Along with this, you want to ensure the quality of what they’re getting is maximized – it seems obvious, but don’t forget the amount of other businesses out there that you may be being compared to.

As a final touch, ensure the atmospheric experience is a perfect once. Just like if you go to a nice restaurant and the food’s good but the place was less than ideal, the same goes for your franchise. Ensure you have a modern, professional, clean, and welcoming environment tailored to your target market.

Doing so will help you get quick out of the gates, and onwards to success.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.

Is Entrepreneurship Contagious?

A recent survey by the Ewing Marion Kauffman Foundation finds that exposing individuals to entrepreneurs may encourage them to start their own ventures.

The Kauffman study surveyed 2,000 Americans, asking them if they knew entrepreneurs – both in general and specifically “growth” entrepreneurs whose ventures add more employment and wealth to the economy – and if they themselves were entrepreneurs.  The data was then analyzed by age, gender, geographic region and income level.

Overall, 36.7% of respondents reported knowing an entrepreneur, but only 15.4% knew a growth entrepreneur. These differences were more dramatic when evaluated by gender: 24.8% of men claimed to know a growth entrepreneur, compared with 12.1% of women.

The results indicate a significant association between knowing an entrepreneur and being one: 37.8% of respondents who knew a growth entrepreneur were entrepreneurs themselves, as were 35.5% of respondents who knew entrepreneurs overall.

So what does an entrepreneur look like?  The Kauffman Foundation developed the infographic below on the Anatomy of an Entrepreneur:

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path.  The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.

 

How Vets Can Finance Franchises through Crowdfunding


Rome wasn’t built in a day, but it did take a heck of a lot of people to do it.

For military veterans looking to franchise, there are significant franchise-fee discounts and other reduced costs to encourage them to become a franchisee.

But what about raising the rest of the capital needed?

In recent years, crowdfunding – gaining the capital needed to start a business from a large group of people – has become increasingly popular, and should be considered by vets looking to become franchisees.

Donor-based crowdfunding driven by good will, communal interest

For starters, donor-based crowdfunding is perhaps the most convenient for new business owners. It involves financial backers donating money to help get a new business off the ground, who often donate because they want to be part of a new and exciting idea or they believe in the product or service.

In addition, sometimes a business will offer crowdfunders products, services, or other perks in exchange for their donation.

Investor-based crowdfunding gives donors piece of the business

This type of franchising is more capitalist-rooted in nature, where investors will buy into a business to seek a share of returns and equity.

In both cases, the long-term benefits for vets becoming new franchisees are created from the communal buzz of the crowd-sourced marketing.

Crowdfunding grows buzz, facilitates community engagement

One of the major advantages of crowdfunding is the initial marketing it gives to the new franchise. From the buzz surrounding the crowdfunding campaign and engagement on Facebook, Twitter, YouTube, and other social media, the community gets involved in the discussion around the new franchise.

And, if the crowdfunding campaign is a major success, it gives a huge indication to the franchisee that the franchise will be success right off the start, too.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.

How to Tell If You Would Make a Good Entrepreneur

Anyone with sufficient financial resources can own a company, but do you have what it takes to run one successfully?  Here are three ways to tell if entrepreneurship is the right fit for you:

Are you good at business?  Jobs are specialized, but business ownership is generalized.  Do you have the necessary business savvy to oversee all aspects of running a business?  It takes both vision and knowledge to be a successful business owner, with a skill set that enables you to create customers for your business and the financial knowhow to keep the business running smoothly.

Can you sell right now?  If all you have right now is an idea with no idea of who your customers will be or how they will receive your idea, then you can’t build a successful business.  If you want to consult, do you have a list of good prospects that you can turn into a business?  Are you in the right geographical location for your business to succeed?  Knowledge of your local economy will tell you if there is enough demand and growth potential for your business to get off the ground and keep going.

Are the numbers viable?  There are times in business when you need to trust your gut, but when you are first starting out, you need to trust the numbers.  Before you jump at an opportunity, run the numbers that will run your business.  If you need help, get a guide or a mentor to help you.

We have a free monthly online seminar that can help you learn to prepare yourself for entrepreneurship.  To attend our free monthly webinar, Franchise Ownership as a More Stable Career Path, you just need to click on the link to pre-register or call 866-246-2884.

 

5 Reasons Vets Should Invest in Emerging Franchises


It’s easy to invest in a big-name franchise brand, but it takes real gusto to spot an emerging brand and invest while the iron is hot.

More risk, yes, but also the potential for more reward.


And who’s more capable of handling this risk – and more deserving of reward – than veterans of our country’s military?

After all, veterans thrive in franchising because they are highly adept in leadership situations, able to follow processes, manage teams effectively, and react under pressure to find solutions.

Here are 5 Reasons Vets Should Invest in Emerging Franchises:

1. Vets Make Key Difference Early On. It’s no secret that vets are highly sought after by franchises to become franchisees, because of their natural and military-honed abilities to succeed in this business model. For new franchises, vets are even more important to getting the first few franchises running effectively, and advising the franchisor on how to improve processes and manage growth.

2. Taking Advantage of Potential Growth. Seeing opportunity before everyone else does and jumping on it could mean significantly more success when growth begins to happen.

3. Expansion Opportunity. Once a franchise begins to take off, you could cash in on expansion opportunities in your area through multiple franchise units as success grows.

4. Excitement. Sure, owning an established franchise can be highly rewarding and fulfilling. But investing in a new franchise in the early going – just before things begin to take off – could bring a new level of excitement, purpose, and challenge as you embark on your new mission in civilian life.

5. Helping Teams Thrive. When investing in an emerging franchise, the organization will feel like a tight-knit group – similar to the relationship with your comrades in the military. Each of you will work closely together as you strive to achieve a common goal: success for each franchise and the brand as a whole.


To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.