Tuesday, November 17th, 2009
We all remember the crash of the stock markets over a year ago. Entrepreneurs like myself watched the television as the economic structure of the United States and the world began to crumble. We then watched as we wondered about our franchises as our nation’s leaders told us we needed to bail out our banks across the country with billions of dollars in order to keep our banking system alive.
Today we are looking out over 2010 and franchisors and franchisees are looking at a banking system that is making it almost impossible to start a business. America was founded and prospered on the entrepreneurial spirit and today the banking system our tax dollars saved is turning its back on American business. Now I agree that 3 years ago was not the right direction when banks were lending money out to anyone with a valid identification card. However, today capable and qualified people are being turned away by banks as they try and open their own franchise units. This is not a problem unique to illuminate gym or fitness franchises. People can’t get funding for their businesses and they watch as their hopes of becoming entrepreneurs get put on hold as the banks try and swing back to get ourselves out of this pickle. My only question for the banks is where did all our bail out money go? It seems to me rather than opening up the credit markets to get commerce flowing again the banks have decided to sit on the bail out money or acquire more assets making them much more powerful when the economy turns. Either way entrepreneur and our nation will suffer as entrepreneurs cannot get money to keep the entrepreneurial spirit alive in America. What people who aren’t entrepreneurs don’t understand is the entrepreneurial spirit is the ingenuity that makes America so great. Hopefully, in the near future the banks will get back on track where they don’t loan money out to everyone but they do loan money to those people who deserve it most.
Thanks for reading and have a healthy day! If you would like to check out how illuminate gym is making it easier to become an entrepreneur in the fitness industry you can check us out at www.illuminategym.com/franchises.php. Thanks for reading.
Tags: bank, banks, credit market, credit markets, economy, entrepreneurs, fitness franchises, fitness indsutry, franchise, franchises, illuminate gym
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Sunday, November 15th, 2009
A question we hear all the time from perspective franchisesees is what is better an older more established or a newer more aggressive franchise. It’s an interesting question that can be answered in one simple way… There is no right answer about which franchise would be a better fit for you. You simply have to look at both business models and make a decision that best fits your goals and aspirations. I can tell you that illuminate gym is a franchise opportunity that is by all standards a newer member of the fitness franchise world. However, our model is proving to be a success even over some of the older franchise models offered out there. I’m not trying to say illuminate gym is a better business model but when dealing with a franchise opportunity you have to realize that the model is proven weather it is older or new. If it is not a proven business model then you should run away from that franchise because there is no real franchise ‘opportunity’.
At illuminate gym this week we have been in discussion with someone who is interested in becoming a multi-unit franchisee. He has narrowed his choices down to two different fitness franchises. We are of course one of the fitness franchises and the other is an older and more established franchise. Both models have their advantages and disadvantages. Number one is when a business or franchise is heavily developed there is less of a chance of becoming a major player in the franchise where a newer more aggressive franchise may offer some larger opportunities to someone who is looking to develop a newer brand. You can also make an argument that larger franchises have a brand that smaller ones do not. However, in the fitness industry I can really only make the argument that ‘Curves’ is a known entity where other larger brands will not be recognizable to the average person in the public. The reason being that the fitness industry tends to have less locations than lets just say a burger franchise may have. So what I would say is branding is less important in the fitness franchise world because no one’s brand is developed enough to cause that many waves. People want results from their fitness facility that’s your brand in the community…. Nothing more nothing less.
Here at illuminate gym we don’t think there is any difference between dealing with a bigger or smaller franchise. Bigger franchises have told perspective franchisees that we are not a proven entity in the fitness world. However, they forgot to check that we put one of their facilities out of business 2 blocks away from one of our locations. That’s proof enough to our franchisees but the key for a a future franchisee is to look into each franchise opportunity and make an educated decision about the people you will be getting trained by and about the business model itself. As a franchisee you must really believe in the franchise model you are about to buy into. Thanks for reading and if you are interested in hearing more about the franchise opportunities at illuminate gym then check us out at www.illuminategym.com/franchises.php. Have a healthy day!
Tags: business model, fitness franchise, fitness franchises, fitness indsutry, franchise, franchise opportunities, franchise opportunity, franchisee, franchisees, franchises, illuminate gym
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Wednesday, August 5th, 2009
Today David Sedbrook, CEO and founder of illuminate gym, is meeting with a franchise development company to help reach our future franchisees. David will be accompanied by two personal trainers who work at the original illuminate gym and who helped develop ‘High Oxygen Training’. This is an attempt by us here at illuminate gym to help us market our wonderful franchise opportunity to those individuals who are interested in owning their own business in the fitness industry. It’s an exciting time for all of the personal trainers and staff at illuminate gym as we look out over a Fall of change and growth for us all. Thanks for reading and wish us luck with our franchise meeting today and with our future growth. If you yourself are interested in our exciting fitness franchises here at illuminate gym please give us a call. Thanks, David Sedbrook
Tags: 'High Oxygne Training', fitness indsutry, franchise, franchisee, gym, personal trainers
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