What Is Empathy, and Why Is It So Important for Great Leaders?

June 25, 2020 12 min read Empathy is the foundation for connecting with others, and connecting with others is an essential part of entrepreneurship. As John Lennon once said, “A dream you dream alone is only a dream. A dream you dream together is reality.”  Entrepreneurs know that reality better than anyone. So much of entrepreneurship depends on people: your team, your customers and audience, your competition. You can’t build the next Apple or Amazon without thousands of people — or even millions — helping along the way. If those people are only strangers to you, simply dollars and cents, you’ll likely never reach your goals or be as successful as you could be.  Empathy can help business leaders in all sorts of situations, whether they’re looking for the next big idea, struggling to find a target market or simply looking for more ways to grow.  Related: Why Empathy Is […]

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The Business of Being Wrong: How Non-Stop Arguing Became a Lucrative Strategy

Skip Bayless, LeBron James and the four reasons why it’s easier than ever to become rich and famous for being contrarian. Read_More Related posts: Help Your Business Thrive Online With a Solid SEO Strategy How to Create a Lucrative Marketing Business Right from Your Laptop How to Stop a Frivolous Lawsuit From Sinking Your Business This Work-Life Balance Strategy Helped This Entrepreneur Create a Business That Reaches Millions of Business Owners Across the World Overlooking This One Thing Can Stop Your Cannabis Business in Its Tracks The Sneaky Way SEO Spam Is Costing You Business — And How to Stop It Stop Being So Modest! Why Women in Business Need to Get Comfortable with Bragging Want to Grow Your Business? Stop Making To-Do Lists.

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The 5 Best Tax and Financial Franchises You Can Open This Year

Here are the five top-ranked financial companies on the 2020 Franchise 500. Free Book Preview Tax and Legal Playbook Get game-changing solutions to your small business questions. May 18, 2020 3 min read With a delayed tax day, PPP loans and government bailouts, personal and business finances have rarely been as confusing as they are in 2020. Helpful experts are vital right now, and these financial businesses can provide a much-needed boost to their environments.  Whether you already have your own tax service company or lack experience in the insurance industry, one of the top five entries in the financial services sector of our Franchise 500 can help you make a good investment … and help your clients make one, too. Entrepreneur Franchise 500 Rank: 129 Franchising since: 2011 Initial investment: $41,500 to $116,500 Initial franchise fee: $25,000 to $60,000 New units in 2019: 111 units (+26.2 percent) Goosehead Insurance […]

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Packing and Shipping Companies Are More Important Than Ever. Here Are 5 of the Best You Can Buy.

Packing and shipping franchises have proven vital as the world turns to online shopping and remote interactions. May 4, 2020 2 min read The past few months have been a difficult time for many business sectors, but a few industries have become decidedly “essential.” Shipping and packing companies, for example, have never been so crucial. As more and more people practice social distancing, they’ve turned to online shopping and remote interactions, and these companies and their employees have played an invaluable role in keeping everyone stocked with much-needed supplies.  Here are five of the top entries from our 2020 ranking of the Franchise 500.  1. The UPS Store Entrepreneur Franchise 500 list rank: 5 Started franchising: 1980 Total units: 5,166 Initial franchise fee: $138,400 to $470,000 The UPS Store is one of our highest-ranked franchises, period, so it’s no surprise it would take would take home top honors within the shipping and […]

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The 5 Top-Ranked Franchises You Can Buy for as Little as 5 Figures

These companies all rank in the top 21 of the Franchise 500. May 1, 2020 3 min read Not all of us have a million dollars to spend on a franchise like McDonald’s or Taco Bell. However, that doesn’t mean we’re entirely out of luck on getting to run our own restaurant or business. We could try to apply to run a store like a Chick-fil-A (although in many ways, that’s more like being a restaurant manager than an owner) or set our sights on other, more affordable options. This quick list of five franchises can, hopefully, give you the best of both worlds: top-ranked companies that can help you feel secure in your investment without breaking the bank. 1. 7-Eleven Entrepreneur Franchise 500 list rank: 11 Started franchising: 1964 Total units: 66,689 Initial franchise fee: $47,100 to $1.2 million It’s no surprise that 7-Eleven has more franchises than anyone else […]

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9 Ways to Focus a Wandering Mind (Infographic)

Use these tips to improve your productivity. April 16, 2020 1 min read We’ll never be able to maintain perfect focus every waking second, but simple techniques can help steer us in the right direction. You might try a cup of coffee or listen to instrumental music, meditation or improved breathing.  Related: Are Virtual Games, Workouts or Happy Hours Most Popular Right Now? (Infographic) This infographic can help you understand some of the science behind why your mind wanders and how you can eliminate distractions to get more done. So, next time you can’t seem to find the focus you need for a difficult, extended or simply boring task, try using a few of these tips. They might just help you find your rhythm and meet your deadline. Read_More Related posts: 9 Ways to Focus a Wandering Mind (Infographic) 7 Visualization Techniques to Calm Your Anxious Mind (Infographic) 4 Ways to Increase Your […]

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8 of the Best House-Maintenance Franchises You Can Buy Now

Entrepreneur Franchise 500 Rank: 61 Initial investment: $89,619 to $125,023 Initial franchise fee: $37,500 to $51,500 New units in 2019: -16 units (-0.9 percent) Founded in 1979 and franchising since 1980, Merry Maids boasts over 1,000 cleaning franchises in the U.S., relying on a two-person, home-cleaning for its franchisees. Its website lists some of the business’s biggest untapped markets, which include New York City and Cleveland. Read_More Related posts: 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less 5 Restaurant Franchises That Will Cost You at Least $1 Million 5 of the Best Fitness Franchises You Can Buy The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500 The 19 Oldest Franchises on the Franchise 500 A 6-Step “Mindset Maintenance” Checklist for Workaholics A 6-Step “Mindset Maintenance” Checklist for Workaholics The Top 100 Franchises for Less Than $150,000

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The Top Children’s Businesses on the Franchise 500

Once Upon A Child primarily sells new and used children’s clothing, equipment, furniture and toys. Franchising since 1992, the Minneapolis-based children’s retail franchise ranked No. 110 on the 2020 Franchise 500 list, which is up from No. 129 in 2019. This improvement is in part due to a 4.3 percent increase in units year-over-year, from 369 to 385 in our most recent count. Startup costs run from $246,700 to $391,700, including a $25,000 franchise fee.  The only other children’s retail business on the Franchise 500 was specialty toy store Learning Express Toys, which ranked No. 452. Read_More Related posts: Why Franchise Ownership is a Great Beginner Option for Entrepreneurs How to Run a Successful Franchise While Working Just 20 Hours a Week What You Need to Know Before Investing in a Chick-fil-A Franchise (60-Second Video) Start a Franchise for Less Than $10,000 (60-Second Video) The 3 Most Consistent Businesses From […]

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The 19 Oldest Franchises on the Franchise 500

Entrepreneur Franchise 500 list rank: 289 Initial investment: $369,836 to $9,603,858 Initial franchise fee: $35,000 to $38,000 New units: 5 units (1.5 percent) Howard Dearing Johnson started a small Massachusetts medicine shop in 1925. He sold treats like ice cream and hamburgers, growing the number of restaurants at a steady pace for decades. By 1954, when Howard Johnson opened its first hotel and began franchising them, the company also operated 400 restaurants.  Read_More Related posts: 5 Restaurant Franchises That Will Cost You at Least $1 Million The Top 5 Business Service Franchises From the Franchise 500 The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less 5 Affordable Franchises You Can Start for Less Than $10,000 The 7 Best Real-Estate Franchises of 2020 The Top 10 Franchises You Can Buy for Less Than $100,000 5 of the Best Fitness Franchises You […]

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Ways to Make Money Online That Seem Great but Just Aren’t Realistic

If your goal is to make money online or generate passive income through the internet, you can do better than trying these popular-but-unrealistic methods. January 28, 2020 13 min read The internet provides an entirely new way to make money. If you need a quick paycheck, you can try selling something on Craigslist or tapping into the gig economy. If you need a long-term means of producing income, there are plenty of suitable options — I should know, given that I’ve been making money by writing online since I graduated from college.  In some ways, though, the opportunities for making money on the internet are not so different from how people have been trying to get rich on the frontiers of society for centuries. One example: In the 19th century, many English and Irish people (mostly men) abandoned their homes to start new lives in New Zealand, attracted by not […]

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The 7 Best Real-Estate Franchises of 2020

Entrepreneur Franchise 500 list rank: 40 Started franchising: 1975 Total units: 8,361 Initial franchise fee: $40,000 to $284,000 RE/MAX has added 376 units in the past year alone. In addition to strong growth and a powerful brand name, the Denver-based real-estate franchise also boasts a bevy of support options for franchisees, including a newsletter, meetings and conventions, a toll-free line, a grand opening, online support, security and safety procedures, field operations, site selection, proprietary software and a franchisee intranet platform. Read_More Related posts: This Company Is Changing the Real Estate Investment Game This Company Makes Real Estate Investing Possible for More People Learn How to Make Successful Real Estate Investments 5 Real Estate Opportunities for Entrepreneurs in 2020 The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500 Anyone Can Get Into Real Estate Investing With DiversyFund How the New Tax Law Affects Your Real Estate Business 3 Must-Know Tips from […]

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The Top 20 Franchises of 2020 From the Entrepreneur Franchise 500

Entrepreneur Franchise 500 list rank: 2 Started franchising: 1964 Total units: 7,136 Initial franchise fee: $525,500 to $2.96 million A decade ago, Taco Bell was ranked as the No. 45 business on the Franchise 500. Today, it’s ranked second in large part due to the growth the company has seen in the interim. Even in the past two years, the fast-food business has seen sales grow 6 percent, to $11 billion, in 2018, and as of the third quarter of 2019, it was projected to improve same-store sales (5 percent) and overall sales (8 percent) again. The key to this growth, as the newest issue of the magazine points out, is the company’s focus on convenience, which includes a POS system directly integrated into the Grubhub app and 4,800 U.S. location offering delivery. Related: 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less Read_More Related posts: 5 of […]

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‘I Had $151 in My Bank Account When I Declared for the NBA’

Here’s how Chris Paul has evolved since he stopped splitting the bill at T.G.I. Fridays. December 29, 2019 12 min read Chris Paul is a basketball superstar. He’s the face of national marketing campaigns and president of the NBA Players Union. But Paul will be the first to admit that it wasn’t always this way. He needed to develop and grow to reach his current platform — and he doesn’t intend to stop learning anytime soon. In this Q&A, the Houston Rockets point guard breaks down how his time as head of a union has impacted him, how he makes investment decisions and how his life has changed since he declared for the NBA draft.  This interview has been edited for length and clarity. You’re president of the NBA Players Union, as voted on by the players. What have you done so far in that role, and what are some of your goals for […]

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5 of the Best Fitness Franchises You Can Buy

Entrepreneur Franchise 500 Rank: 20 Initial investment: $107,524 to $722,796 Initial franchise fee: $21,000 to $42,500 New units in 2018: 426 units (+11.7 percent) Anytime Fitness is a global business that had 2,398 U.S. and 1,645 international franchises at the start of 2018, along with 38 company-owned locations. In 2007, the total number of locations was just 455. The total cost of investment can vary widely based on your current real estate, where you’d like to build and the type of Anytime Fitness franchise. (A total investment in Anytime Fitness Express could run you anywhere from $107,273 to $512,194, and an Anytime Fitness Standard could cost you between $130,753 and $722,546.) You can see find a map of available locations on the company website. Related: Our Top 5 Franchises You Can Run From Your Own Home Read_More Related posts: 5 Restaurant Franchises That Will Cost You at Least $1 Million The 150 Fastest-Growing Franchises 24 Top-Ranked, Affordable […]

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5 Affordable Franchises You Can Start for Less Than $10,000

Entrepreneur Franchise 500 Rank: 199 Initial investment: $2,245 to $53,200 New units in 2019: 148 units (+20.1 percent) Buildingstars, a commercial cleaning company founded in 1994, is headquartered in St. Louis. The company began franchising in 2000 and now has regional offices in Chicago, Houston, Phoenix, Pittsburgh, New York and more. Services include carpet and floor care, as well as green cleaning and consulting. Read_More Related posts: The 150 Fastest-Growing Franchises Start a Franchise for Less Than $10,000 (60-Second Video) 24 Top-Ranked, Affordable Franchises You Can Buy for $25,000 or Less The Top 10 Franchises You Can Buy for Less Than $100,000 The Top 10 Best Franchises to Open in 2019 5 Restaurant Franchises That Will Cost You at Least $1 Million The Top 5 Business Service Franchises From the Franchise 500 Our Definitive Ranking of 2019’s Strongest Franchises

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7 Common Questions About Self-Publishing on Amazon

This guide can help you decide whether self-publishing on Amazon is right for you, your book and your business. October 31, 2019 9 min read Some people view self-publishing as a failure, chosen only when no other options remain. But the simple truth is that traditional gatekeepers — literary agents and editors at publishing houses — simply don’t have the bandwidth to determine the value of every story. Hundreds of thousands of books are self-published every year, and there’s no way to keep up with them all. Unless you already have a built-in audience or previous experience in publishing, it can be difficult to get your work in front of decision-makers. Self-publishing allows you to show off your ideas in front of the true decision-makers, the readers. Whether you’ve decided to use your book as a top-of-funnel marketing and branding opportunity, or whether you simply have a story you need to […]

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How to Write a Book (and Actually Finish It) in 5 Steps

This guide offers a roadmap on how to write a book from beginning to end. October 2, 2019 15+ min read There are a ton of reasons why you might consider writing books. You might want to prove your expertise on a given topic or create a funnel for your business. You might need a book in order to establish yourself as a public speaker or professor. You might simply have a story that you need to tell.  But where do you get started on writing that story? Figuring out how to write a book with a beginning, middle and end can be daunting when all you have is an idea and a blank page.  Just as with anything in life and business, the answer to learning how to write a book is to find a good teacher — people who have accomplished what you’re trying to do. If you […]

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Quincy Enunwa Is More Than Just an NFL Player

The New York Jets receiver might be out for the season, but he’s already begun expanding his horizons, preparing for an MBA and getting ready for life after football. September 11, 2019 7 min read NFL receiver Quincy Enunwa and Jim Neesen, managing partner of accounting firm Connor Group, seem like a somewhat unlikely pair at first glance. However, the athlete and the businessman have a diverse range of interests that have helped make their young partnership a successful one, allowing Enunwa to improve his business skills and the Connor Group to “compress time,” as Neesen says, with a hardworking and intellectually curious star. Enunwa, who suffered a season-ending neck injury in the first game of the season against the Buffalo Bills, and Neesen explained how the partnership began and what they’ve learned from each other during an interview earlier this year. Check it out below. Entrepreneur: Tell me how the two […]

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Is Slack Really Worth $20 Billion?

The office collaboration company’s stock fell on its second trading day. June 21, 2019 2 min read Slack shares opened at $38.50 on Thursday, the company’s first day of trading, up 48 percent from a $26 reference price Wednesday. That massive win gave the San Francisco-based tech startup a $19.5 billion valuation, almost triple its private valuation of $7.1 billion. That seems like a high number, considering that Slack itself estimated the market for its industry (workplace collaboration services) at $28 billion in its offering paperwork. Friday saw the startup fall back to earth, as Slack stock fell 3.63 percent to 37.22. However, the true question about Slack’s value won’t be determined in its first week of trading (just as Uber’s fate wasn’t decided by a disastrous IPO). The Entrepreneur Index™ as a whole was down slightly, falling 0.13 percent as Amazon, Comcast and Adobe Inc. saw losses on the day. […]

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Uber Stock Tumbles After IPO, Leading to Disappointing First Day as Public Company

The ride-sharing company was valued at over $82 billion on its first day of trading. May 10, 2019 2 min read Uber raised over $8 billion in its first day as a publicly traded company and still managed to fall short of expectations. The company opened its first day of trading with an initial public offering price of $45, but finished the day at $41.52 — down 7.7 percent. According to The New York Times, “Since 2000, only 18 companies valued at more than $1 billion and listing on American exchanges have opened below their IPO price.” It’s been a tough month for ride-sharing apps, given how Lyft announced losses of over $1 billion in its first quarter as a publicly traded company just days before. Many of the other major players in the tech industry also had moderate losses on the day. Amazon shares fell by 9.89 points (-0.52 percent on the […]

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