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 Educating Tomorrow's Franchisees
Oct, 2015 
 
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"What Do You Want to be When You Grow Up?"

We all received that question when we were kids.   What was your answer?   Do you remember? Perhaps you wanted to be an athlete, a fireman, or our nation's President before eventually settling into your current career, likely something far different from those early aspirations.

However, when you think back to those early years, what were your parents doing?  How closely does your personal career path resemble theirs?   Odds are, your answer to that question is, "very closely."   That's certainly the case for me as my father was a lifelong entrepreneur who inspired me to pursue my own entrepreneurial dreams.

And fortunately, it seems that my career as an entrepreneur is rubbing off on my own kids.   Instead of me asking them, "what do you want to be when you grow up," they came to me and asked, "Dad, what kind of business should we own when we grow up?"   Wow - what a great question!   I couldn't be more proud of my kids for thinking independently and asking questions that will help them take ownership of their future.

I wrote about this concept in my most recent contribution to Franchise Gator.   Few us realize the impact we do have on our children - and it's not what we say, it's what we DO.   What are your children learning from you?  

So, if I were to ask you at this point in your life, "what do you want to be when you grow up," would your answer be your current career?   If not, why not?   And if your answer is "I've always wanted to own my own business, but I've never had the guts to make it happen," what does that teach your children?

Remember, unfulfilled dreams don't count.   All that matters is what you DO.   And if you are at a place where you are serious about business ownership, find a franchise coach and invest the time to find the right business.  

The time is now to create a new trajectory for your family.   Be an inspiration for your children and show them that it is possible to control their future as an entrepreneur!  Click here to share your thoughts.
 
   
Respectfully, 
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Rick Bisio
Founder of The Educated Franchisee
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5 Tax Tips for
Starting a Business

 
When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules but also about payroll tax rules. Here are five tax tips that can help you get your business off to a good start.

1. Business Structure. An early choice you need to make is to decide on the type of structure for your business. The most common types are sole proprietor, partnership and corporation. The type of business you choose will determine which tax forms you will file.

2. Business Taxes. There are four general types of business taxes. They are.......
 
Go to Plum. Click Here
What Are You So Scared Of?    

 
Everyone has some fear when it comes to doing new things, but what is holding you back.  This is a great video by Brandon Burchard. 

Get the transcript: http://tmblr.co/ZTb1Dv17-CzFm
Get Brendon's new book free: http://www.TheChargeBook.com/yt *.


Time Management Tips From  
8 Self-Made Billionaires     

T
here are 1,440 minutes in a day. Here's how the most successful people on the planet make the most of them.

When I first heard about Kevin Kruse's new book  15 Secrets Successful People Know About Time Management, I was intrigued. In it, he interviews seven billionaires, 13 Olympic athletes, and 239 entrepreneurs. The book was an easy read; it didn't disappoint.

What stood out to me in particular were these time-management tips from some of the most successful people on the planet.

Quote of the Month -

"The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will" 
 
-- Coach Vince Lombardi
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Thanks for your interest in business ownership.  If there is anything we can do to improve this newsletter or any articles that you think would be valuable to our membership, please let us know.  Some of our best ideas come from our members.
 
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Author - Rick Bisio
,  rbisio@educatedfranchisee.com