10 Common Mistakes Made by Prospective Franchisees

Recently the Roni Deutch Tax Center became a guest blogger for Franchise Business Review.com. The first entry explains the most common mistakes made by prospective franchises. You can find a snippet of the article below.

Opening up a franchised business is an exciting and momentous time for a new business owner. But with all the excitement, prospective franchisees may overlook some possible obstacles and are unprepared when the obstacles arise. To help the readers of the Franchise Business Review blog who might be considering a franchise, we have put together the following list of the 10 most common mistakes prospective franchisees make.

1. Over Investment

Over investing can destroy a project or business completely. Before investing any time or money into your franchise, create a basic budget plan to keep yourself on track. If you do not want to purchase software, there are plenty of websites – like Mint.com – that offer free budgeting tools.

2. Not Having a Plan

You never really know what's around the corner when you are starting your own business. Even so, having a basic plan can help you a lot in the end. Where are you hoping to open your store? How many employees are you planning to hire? How much (time, money, and patience) are you willing to sacrifice? These are all questions you should be asking yourself when you develop your plan.

Continue reading at Franchise Business Review.com…

Don’t Try to Throw This Lady Tax Attorney out At Third!

Yesterday, I made an appearance on the Wall Street Journal’s Franchise Show in a segment titled, “Don’t Try to Throw This Lady Tax Attorney out At Third!” I discussed building my franchise and what life events helped make me the business leader I am today.

I’ve included an embedded video below that features the audio of the interview. You can stream it or click here to download an Mp3.

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Check Out Watch Me Franchise!

Ever wondered what it would be like to open your own franchise business? Well check out the new Watch Me Franchise blog put together with the help of two new Roni Deutch Tax Center franchisees, Heather and Gentry Spell. The blog has been following the Spells from day one before they even signed a franchise agreement, and will continue to follow them through the end of tax season. Along with videos and pictures of the Spells, the blog also features informative articles and blog entries useful to any one considering investing in a franchise. Check out WatchMeFranchise.com today!

Returning Veterans Becoming Franchise Owners

According to US Franchise News, there is an increasing number of veterans returning from the Middle East who are looking to purchase small business franchises. Currently there are over 350 veterans who own a small business franchise in the United States as a result of the Veterans Franchise Initiative (VetFran), which offers discounted franchise fees to veterans who want to purchase a franchise business. The program was given the Support Sector Champion Award from the U.S. Department of Veteran Affairs at the nation’s capital. "The VetFran program is our way of saying thank you to veterans for their service," said Matthew Shay, president of the IFA. "They deserve our help in pursuing the American dream of business ownership because without them to protect our nation, such opportunities would not exist."

The Roni Deutch Tax Center is also a proud member of the VetFran program. To learn more about the special benefits we offer to veterans, please check out the Roni Deutch Tax Center Franchise website.