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Electric registered name, the name that was so well-known across the globe and in the electrical industry. Not knowing for certain if they would ever acquire the rights to use the Mr. Electric name, they embarked on a quest to find a new name, and so Titan Electric was born. Recently, though, they were awarded the right to use the Mr. Electric name, so the company has begun rebranding from Titan Electric to the name that the world knows so well.

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For more information on the Mr. Electric franchise, visit www. The title has won seven major publishing excellence awards since it's launch in Entrepreneur Magazine is the "how-to" handbook for growing companies. You must be logged in to post a comment Login. You must be logged in to post a comment. FNB Business remain committed to helping grow this very important sector and are well positioned to provide solutions supporting franchising as it evolves with these themes. The franchising sector has shown steady growth over the past four years, in a tough economy from contributing an estimated 9.

This trend is expected to continue. This together with the fact that on average a franchise employs 18 staff members the sector employs more than people , makes it clear that as a business model, franchising remains critical to the future of South Africa. What happens once you have mastered the tried and true formula franchises have designed for their franchisees?

And then another. Many franchisee owners are also opening other, non-competing franchise offerings as they grow their businesses in an effort to diversify earnings. Among the new frontiers in franchising is the food court losing its legacy as the preferred setting for food franchises, as service stations increase in popularity in the industry.

Looking at new, less expensive alternate locations beyond the shopping malls and strip malls to expand into stand-alone kiosks, food trucks, corporate catering, campuses, sporting events, craft markets, is a major trend. Consumers increasingly prefer local businesses over national brands. Some of the bigger brands are looking for creative ways to tackle this situation by tagging with local businesses and this trend is on the rise. Niche markets are gaining traction. With the increase in social awareness, social responsibility is a part of any business, small or big. The current generation of consumer is challenging the role that business plays in society and franchises have wonderful platforms to play a positive role and in so doing win customers.

In a world of increased consumer choice, it is no longer about what you have on the menu, it is now about how your product or service can be tailor-made to what a customer really wants. The success of RocoMamas speaks to this — with 61 franchise outlets their business model clearly responds to the essence of this trend by allowing consumers to create their own burgers, and increasingly consumers want the ability to create their own dining experience.

Amazon is a great example of this — same day delivery is becoming the norm in the age of instant gratification — I want it now! This focused behavior is particularly hard for certain types of entrepreneurs. Many of these people are super-creative, get bored fast, or are comfortable juggling lots of balls. These types of entrepreneurs need to be sure they have more focused people around them as cofounders, directors, or advisers. Tenacity is the other most important entrepreneurial virtue. Albert Einstein is credited with saying insanity is defined as doing the same thing over and over again and expecting different results.

Later, Intralinks decided to try to IPO. Stock markets were tanking as the dot-com bubble was bursting. We did the standard 75 or so presentations to investors.

Next Titan winners not kidding with their millions

So we decided not to IPO. Raving Fans is a book of stories relating how fictional companies have created an environment of delivering awesome customer service. A guy that has just been put in a managment position requiring a turnaround goes on a fictional trip with his "angel" to visit businesses that have figured out their vision and their system to deliver customer service extraordinary. Based on three simple principles Decide, Discover, Deliver , each company has created a group of Raving Fans not just customers, but fans who wouldn't consider shopping anywhere else for what one of these companies offers.

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Either you've got a product or service that you can say is different, or you don't have much at all. In today's global marketplace and at its lightning-fast rate of change, there's no point in inventing and presenting a product only to sit back and hope that consumers everywhere will discover its greatness. It's not simply about what you or your product can do, it's about what you do differently from everyone else.

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You too can boost organizational performance and quality to new levels by following the practical advice offered in the important book, Extraordinary Guarantees. Guarantees were once considered nothing more than a marketing gimmick. But as more and more quality leaders have begun to offer ironclad pledges of total customer satisfaction, the guarantee is now being recognized as an unparalleled tool for gaining a major, often unbeatable, competitive edge-and a host of other benefits. Three qualifiers of value are how much, how soon, and how sure--these are what the customer needs to know.

He found a direct and dramatic correlation. Here, he offers detailed commentary from CEOs, managers and staffers, and analysis of the survey results. Bosses in all kinds of companies will benefit from his solid advice, which should be required reading for executives and upper level managers. Leadership by Rudolph W. But, he argues, he did not suddenly become a great leader on September 11, and "had been doing [my] best to take on challenges my whole career.

While some critics found his style too aggressive, he has an effective counterargument: "Before September 11, there were those who said we were being overly concerned [about security]," he observes. They've discovered that men who take jeans into fitting rooms are more likely to buy than females 65 percent vs.

They've learned how the "butt-brush factor" bumped from behind, shoppers become irritated and move elsewhere makes women avoid narrow aisles. They've quantified the importance of shopping baskets; contact between employees and shoppers; the "transition zone" the area just inside the store's entrance ; and "circulation patterns" how shoppers move throughout a store.

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And they've explored the relationship between a customer's amenability and profitability, learning how good stores capitalize on a shopper's unspoken inclinations and desires. Underhill, whose clients include McDonald's, Starbucks, Est? Lauder, and Blockbuster, stocks Why We Buy with a wealth of retail insights, showing how men are beginning to shop like women, and how women have changed the way supermarkets are laid out.

He also looks to the future, projecting massive retail opportunities with an aging baby-boom population and predicting how online retailing will affect shopping malls. This lighthearted look at shopping is highly recommended to anyone who buys or sells. Who Moved My Cheese? The message of Who Moved My Cheese?

Four beings live in that maze: Sniff and Scurry are mice--nonanalytical and nonjudgmental, they just want cheese and are willing to do whatever it takes to get it.

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Hem and Haw are "littlepeople," mouse-size humans who have an entirely different relationship with cheese. It's not just sustenance to them; it's their self-image. Their lives and belief systems are built around the cheese they've found. Most of us reading the story will see the cheese as something related to our livelihoods--our jobs, our career paths, the industries we work in--although it can stand for anything, from health to relationships.

The point of the story is that we have to be alert to changes in the cheese, and be prepared to go running off in search of new sources of cheese when the cheese we have runs out. Stephen Covey, an internationally respected leadership authority, realizes that true success encompasses a balance of personal and professional effectiveness, so this book is a manual for performing better in both arenas. Principle-Centered Leadership by Stephen R.

Now he tells them how to apply his theories to everyday life, focusing primarily on the world of business. Such power is based on trust and respect and survives even after one dies. Lee describes three types of power: coercive, which relies on the premise of control and uses fear as its instrument; utility, which is based on fairness, the exchange of what you can do for me with what I can do for you; and principle-centered, which is based on what you can do with others.

The author tells us that his purpose in writing this book is to encourage us in our work with people, and he recommends that we choose principle-centered power as the primary way to influence others in our key relationships.

Such power requires us to grow, to challenge our assumptions, and often to change our whole orientation in life. I always present this book to them saying "if you read it and do as it says, it will work magic. The book is a series of parables about money written in the s by George Clason.