The Entrepreneur’s Corner
Is franchise ownership for you?
While the summer has brought mixed signals regarding the struggling economy, there are signs that consumers are beginning to spend again and it appears that a few companies are beginning to re-hire workers they had to lay off months ago.
As a new business owner who looks forward to marking the first anniversary of operating my own retail franchise, I certainly hope a consistent economic recovery comes sooner rather than later. As I establish myself as a franchise owner and discover the benefits of being my own boss I wonder if other hard-working individuals have considered franchise ownership as a career.
For my family and me, it’s been a rewarding move.
Nearly two years ago, while living in Egypt, my wife and I decided to move to the United States. Earlier in my career, I held management positions with fast food and coffee service companies, but had always wanted to run my own business. As my wife and I considered making a career and location switch, I found myself becoming interested in the franchising program that 7-Eleven offered -- one that provided a proven successful franchising system along with the support of the world’s largest convenience retailer.
Whether you’re looking to be your own boss, or considering a second career, I would recommend considering the franchising model of business. For someone looking for an opportunity in an established business with an established name, you can pretty much learn the system and go. Plus, in my case, I have the backing of a corporate powerhouse that knows how to run a smart business.
Franchising is a good investment for people who:
• are business savvy and know what it takes to succeed;
• are hardworking and willing to put in long hours to have the store reflect the way you want it to be;
• enjoy working with and managing people;
• have some savings and a good credit rating (if you can buy a house, you can buy a franchise);
• understand the bigger corporate picture (I bought into the 7-Eleven logo, so I need to protect and support the brand).
If you have an interest in franchising, the first step is to attend an educational seminar. Most companies offer free seminars that provide detailed information and guidelines that help you determine if franchising makes sense for you.
Although I’m working a full-time shift at the Glenside location, I am considering becoming a franchise owner of a second 7-Eleven in the future. The opportunity to expand and grow is exciting and in spite of the economic uncertainty I am an optimist when I think of the future.
When people say, “Don’t you get tired of that door bell ringing when people come into your store?” I say – no way! I can hear that all day and all night. It means business is good and I’m doing something right.
Abdel-Masseh Hanna is the franchise owner of the 7-Eleven at 4001 Glenside Drive in Henrico County. He took ownership of the store on April and came to 7-Eleven with experience as a mid-level manager, with a background in food service and retail management.
Citizen Staff Reports 04/29/2016
Every week, another child is diagnosed with cancer in Central Virginia. Last summer, six-year-old Caroline Morris was one of them.
Diagnosed in June 2015 with acute lymphoblastic leukemia, the most common type of childhood cancer, Morris has been receiving treatment at Children’s Hospital of Richmond at VCU (CHoR) ever since.
“It’s not my hair that makes my beauty,” said Morris, who lost her hair as a chemotherapy side effect, “it’s my heart.” > Read more.
Citizen Staff Reports 04/25/2016
The sign up period for the Richmond Community Solar Co-op will close on April 30. Nearly 150 homeowners and businesses have joined the group to save money and make going solar easier. The group has started installations and is working with VA SUN to learn about solar technology and the process of going solar.
“If you’ve ever thought about going solar, this is a great opportunity to do so,” said Sekar Veerappan Co-op member and the group’s first installation. “Working with the group helps members learn about going solar and make an informed decision.” > Read more.
Another great weekend of outdoor activities awaits you in Henrico! Walk MS, an annual charity run for multiple sclerosis, and the third annual Movin’ & Shakin’ 5K, to benefit the VCU Parkinson’s and Movement Disorders Center, both take place in Innsbrook tomorrow. Another charity event, the CASA Superhero Run, will be held at St. Joseph’s Villa. On Sunday, live music can be found at Belmont Recreation Center, featuring the John Winn Quartet, and at Shady Grove United Methodist Church, where pianist Sylvia Cooper will be performing. For all our top picks this weekend, click here! > Read more.
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CalendarWalk MS, an annual charity walk for multiple sclerosis, will start at 10 a.m. in Innsbrook, 4200 Innslake Dr. Check-in begins at 8:30 a.m. The walk started in 1988 and… Full text