I’ve been hearing this a great deal lately, so thought I’d offer an update! Main Street Philanthropy keeps growing, expanding, refining, and almost ready to return to the scene! For days gone by several months, we have been tuning up the programming as well as the entire business model. We’re currently along the way of a credit card application for tax-exempt status (to be named a 501c3), which is a huge step toward allowing us to grow!
Once this is complete, we are able to solicit and acknowledge donations (investments!) inside our programs in exchange for a taxes deduction and the opportunity to positively impact lives. So look out when my caller ID arises on your phone! We’ve also added a significant brain to your team.
Providing understanding and advice to your program, Scott Farnsworth, Leader, and Creator of Sunbridge in Florida have joined us. We’re in discussions with several new schools, organizations, and student programs that are interested in participating in the Main Street Philanthropy Challenge! In the event that you know of a combined group that might be a good fit – by all means, do tell!
We’ve revamped parts of Main Street Philanthropy to be very intentional about this impact to each one of these constituents and to measure the reach of the planned program. Students shall be rewarded by sharing their blogs, dispersing the portrayed term and shouting the message of the miracles of giving! There’s much-much-much more in the works, but this is all I’m sharing for now!
However, there are a number of factors that demonstrate that a Franchisor that has continuing growth plans will raise the value of your investment. The contrary of development would be shrinkage. It doesn’t appear too good will it? The middle point would be stagnation. That isn’t too attractive either. Why is development important?
One important factor relates to the penetration goal mentioned above. If there is room to penetrate, and the Franchisor doesn’t have strategies to meet that market, think want will happen. Yep, competitors shall penetrate, and through their growth strategies, they might eat a few of your lunch time. It really is logically better for you that the Franchisor has growth strategies that will address that market need, and grow value in the Franchise system, as opposed to rolling out the welcome mat for competitors. Furthermore, growth strategies will generally drive in the Franchise Fee.
- Upward and downward styles have persisted for many decades
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5, then that becomes the base value for your Franchise because the market shall pay that price. That is clearly a nice return on investment if it’s achieved over an acceptable timeframe, which of course is driven by the Franchisor’s growth strategies. O.K., so are there lots of reasons that growth is important as opposed to shrinkage or stagnation. However, you must also feel comfortable that the strategy makes sense.
That’s why you need to ask the questions, and you ought to expect well thought out answers that make sense for you. What Exit Strategies Are Available? There are several factors that should come into your evaluation before becoming a Franchisee. The folly is often based on not considering this part of the equation at the very time that you will be considering entry into the Franchise to begin with. That’s exactly the time when you need to give significant concern to the value of the asset that can be created.