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 12/01/2016
The project:HOMES "Renew Crew" (above) recently assisted an elderly member of the Laurel Presbyterian Church in Henrico by clearing brush, trimming hedges and raking leaves in her yard.
The Renew Crew serves low-income, disabled and elderly homeowners in need of small-scale home repairs such as porch, railing and step repairs, exterior painting, clearing overgrown yards, tearing down outbuildings, wheelchair ramps and other critical repairs and accessibility modifications. > Read more.
More than 2,000 people participated in the the Alzheimer’s Association Greater Richmond Chapter's annual Richmond Walk to End Alzheimer’s Nov. 5 at Markel Plaza in Innsbrook. The event raised more than $436,000 for Alzheimer’s care, support programs and research.
The event is one of three walks that benefit the Alzheimer’s Association of Greater Richmond and is held in celebration of National Alzheimer’s Disease Awareness Month and National Family Caregivers Month.
Donations to the Walk to End Alzheimer’s will be accepted through the end of the year and can be made at http://www.alz.org/walk. In total, the three walks this year have raised more than $644,344. > Read more.
The past couple of days haven’t felt like it, but it’s finally December and this weekend is packed with holiday events. Kicking the weekend off is Glorious Christmas Nights’ production of “Finding Christmas” at West End Assembly of God. Gayton Baptist Church’s annual Jazz Nativity starts tonight. Another annual favorite is tomorrow – the tree lighting at The Cultural Arts Center at Glen Allen. In search of Christmas concerts? The Virginians Barbershop Chorus will present its annual Christmas Show tomorrow at the Collegiate School and the Richmond Choral Society will perform Sunday at Trinity Lutheran Church. For all our top picks this weekend, click here! > Read more.
- More News
Dec. 1, 2016Click here to read the print edition.
- More Entertainment
- More Obituaries
- More Community
- More Opinions
- More Sports
CalendarThe Henrico County Community Author Showcase, a program that connects writers and readers in the community, will begin at 7 p.m. and continue on the second Monday and every Thursday of the month at various libraries. Ayoka Boyce will share the book “It’s Okay to Love a 21 Day Devotional” at Tuckahoe Library. For details, visit http://www.henricolibrary.org/authors. Full text