Tag: Healthy

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise #micro #business

#vending machines business

#

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

September 24, 2014

Cecil Tyrell Whisenton got his start in franchising at the lowest rung of the ladder: waiting tables at Outback Steakhouse. Over the years, he moved up in the business, ultimately buying the same Outback where he waited tables. Eventually, he decided he wanted to look into a different vein of franchising: the healthy vending business. HUMAN Healthy Vending set itself apart in Whisenton s eyes with its commitment to charity and appealing vending machines.

Here s what he has learned as he worked his way up from waiter to franchisee.

Name. Cecil Tyrell Whisenton

How long have you owned a franchise?

Since April of 2013, so 1-1/2 years.

I chose the franchising route for a few reasons. First, I feel it is a lot less risky to become part of a franchise than to start a business from scratch because a business model is already in place. Second, the startup cost to franchise is much lower compared to starting a brand new company. Lastly, being a part of a franchise that already has an infrastructure in place gives me more flexibility with my time, which gives me more time with my family. That s priceless!

What were you doing before you became a franchise owner?

After attending St. Mary s University, where I was in the Basketball Hall of Fame Class of 2012, I started waiting tables at Outback Steakhouse in San Antonio. After working very hard, I was able to advance up the management chain and, in 2005, was able to purchase the exact Outback where I had started as a waiter. I owned and operated that Outback for a number of years and was fortunate enough to learn a lot of my entrepreneurial skills from the OSI family.

Why did you choose this particular franchise?

I initially chose the HUMAN Healthy Vending franchise after comparing it to a few other healthy vending franchises. I felt HUMAN s machines were more appealing.

I was also very impressed with HUMAN s philanthropic efforts compared to the other companies who only seemed concerned with revenue and profits. HUMAN recently introduced their own healthy snack delivery service, SnackNation. and every snack pack delivered corresponds with a month s worth of multi-nutrient-packs being sent to a child in need through the Global Alliance for Improved Nutrition (GAIN) and 1,000 Days. That s the kind of franchise that I want to be a part of. No other vending company comes close to HUMAN in that regard.

How much would you estimate you spent before you were officially open for business?

Franchise fee: $25,000

Initial Machine order: $25,000

Balance of initial machine order: $15,000

Product for machines: $2,000

Marketing and Location Discovery Acquisition: $1,000

Where did you get most of your advice/do most of your research?

Initially, the internet was my main source of information as I was able to compare different franchises side-by-side. Later, I talked with representatives of each potential franchise business. When narrowing my options down, I began talking to franchisees in the field, including a HUMAN operator here in San Antonio. This operator has been instrumental in helping me develop my business.

What were the most unexpected challenges of opening your franchise?

I didn t really encounter any unexpected challenges. My business partner really prepped me for any and all situations. All of the situations that could have been stressful were really just learning experiences that I really appreciated.

What advice do you have for individuals who want to own their own franchise?

My advice for individuals who want to own their own franchise is to be sure to do their research. There are a lot of very good franchise opportunities out there, but they re not necessarily a good fit for everyone. Try to find a few different franchises in the same field to compare side by side. Lastly, just do it; you ll be glad you did.

What s next for you and your business?

We definitely have a lot of things in the works here in San Antonio. We have contacted just about every school district in and around San Antonio and are preparing to grow our business significantly in the next six to nine months. We ve put an early focus on public schools because of the new snack guidelines handed down from the USDA called Smart Snacks In School . We also plan to contact most of the private schools in San Antonio, along with businesses and workout facilities, to see if they are interested in installing healthy vending machines.


Tags : , , , , , , , , , ,

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise #business #for

#vending machines business

#

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

September 24, 2014

Cecil Tyrell Whisenton got his start in franchising at the lowest rung of the ladder: waiting tables at Outback Steakhouse. Over the years, he moved up in the business, ultimately buying the same Outback where he waited tables. Eventually, he decided he wanted to look into a different vein of franchising: the healthy vending business. HUMAN Healthy Vending set itself apart in Whisenton s eyes with its commitment to charity and appealing vending machines.

Here s what he has learned as he worked his way up from waiter to franchisee.

Name. Cecil Tyrell Whisenton

How long have you owned a franchise?

Since April of 2013, so 1-1/2 years.

I chose the franchising route for a few reasons. First, I feel it is a lot less risky to become part of a franchise than to start a business from scratch because a business model is already in place. Second, the startup cost to franchise is much lower compared to starting a brand new company. Lastly, being a part of a franchise that already has an infrastructure in place gives me more flexibility with my time, which gives me more time with my family. That s priceless!

What were you doing before you became a franchise owner?

After attending St. Mary s University, where I was in the Basketball Hall of Fame Class of 2012, I started waiting tables at Outback Steakhouse in San Antonio. After working very hard, I was able to advance up the management chain and, in 2005, was able to purchase the exact Outback where I had started as a waiter. I owned and operated that Outback for a number of years and was fortunate enough to learn a lot of my entrepreneurial skills from the OSI family.

Why did you choose this particular franchise?

I initially chose the HUMAN Healthy Vending franchise after comparing it to a few other healthy vending franchises. I felt HUMAN s machines were more appealing.

I was also very impressed with HUMAN s philanthropic efforts compared to the other companies who only seemed concerned with revenue and profits. HUMAN recently introduced their own healthy snack delivery service, SnackNation. and every snack pack delivered corresponds with a month s worth of multi-nutrient-packs being sent to a child in need through the Global Alliance for Improved Nutrition (GAIN) and 1,000 Days. That s the kind of franchise that I want to be a part of. No other vending company comes close to HUMAN in that regard.

How much would you estimate you spent before you were officially open for business?

Franchise fee: $25,000

Initial Machine order: $25,000

Balance of initial machine order: $15,000

Product for machines: $2,000

Marketing and Location Discovery Acquisition: $1,000

Where did you get most of your advice/do most of your research?

Initially, the internet was my main source of information as I was able to compare different franchises side-by-side. Later, I talked with representatives of each potential franchise business. When narrowing my options down, I began talking to franchisees in the field, including a HUMAN operator here in San Antonio. This operator has been instrumental in helping me develop my business.

What were the most unexpected challenges of opening your franchise?

I didn t really encounter any unexpected challenges. My business partner really prepped me for any and all situations. All of the situations that could have been stressful were really just learning experiences that I really appreciated.

What advice do you have for individuals who want to own their own franchise?

My advice for individuals who want to own their own franchise is to be sure to do their research. There are a lot of very good franchise opportunities out there, but they re not necessarily a good fit for everyone. Try to find a few different franchises in the same field to compare side by side. Lastly, just do it; you ll be glad you did.

What s next for you and your business?

We definitely have a lot of things in the works here in San Antonio. We have contacted just about every school district in and around San Antonio and are preparing to grow our business significantly in the next six to nine months. We ve put an early focus on public schools because of the new snack guidelines handed down from the USDA called Smart Snacks In School . We also plan to contact most of the private schools in San Antonio, along with businesses and workout facilities, to see if they are interested in installing healthy vending machines.


Tags : , , , , , , , , , ,

HEALTHY OFFICE – COLD – FLU SEASON – Office Depot Inc #business #internet


#business.officedepot.com

#

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com) Kimberley Mules

Financial Fridays: Why Today Is The Day You Have To Reinvent Yourself James Altucher Участник Influencer

End of the line for Priceline s Name Your Own Price airfares George Hobica

Five months into my #Helen4SG campaign Helen Clark Участник Influencer

Ireland appeals $14.5 billion Apple Tax ruling; Gatorade wants a piece of the organic action; And more news John C Abell

Let the Engineers Hire Their Scrum Master Stefan Wolpers

This Week s #Winners and #Losers Ian Bremmer Участник Influencer

Resilience is More Than a Buzzword Diane Regas

Accounting: Making change happen Geni Whitehouse Участник Influencer

Experienced Senior/Major/National Account Manager

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com)

16 сент. 2015 г.

  • 96 просмотров

Along with football, cooler temperatures, and the changing of the leaves, Fall means something entirely different: the pending onset of Cold Flu Season. The timing of flu is very unpredictable and can vary in different parts of the country and from season to season. Most seasonal flu activity typically occurs between October and May. Flu activity most commonly peaks in the United States between December and February.

It’s not possible to predict what this flu season will be like. Flu seasons are unpredictable in a number of ways. While flu spreads every year, the timing, severity, and length of the season varies from one year to another. Will new flu viruses circulate this season? Flu viruses are constantly changing so it’s not unusual for new flu viruses to appear each year. For more information about how flu viruses change, visit How the Flu Virus Can Change.

Will the United States have a flu epidemic?

The United States experiences epidemics of seasonal flu each year. This time of year is called “flu season.” In the United States, flu season occurs in the winter; flu outbreaks can happen as early as October and can last as late as May. CDC says the flu season begins when certain key flu indicators (for example, levels of influenza-like illness (ILI), hospitalization and deaths) rise and remain elevated for a number of consecutive weeks. Usually ILI increases first, followed by an increase in hospitalizations, which is then followed by increases in flu-associated deaths.


Tags : , , , , , , ,

HEALTHY OFFICE – COLD – FLU SEASON – Office Depot Inc #starting #a #small

#business.officedepot.com

#

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com) Kimberley Mules

Financial Fridays: Why Today Is The Day You Have To Reinvent Yourself James Altucher Участник Influencer

End of the line for Priceline s Name Your Own Price airfares George Hobica

Five months into my #Helen4SG campaign Helen Clark Участник Influencer

Ireland appeals $14.5 billion Apple Tax ruling; Gatorade wants a piece of the organic action; And more news John C Abell

Let the Engineers Hire Their Scrum Master Stefan Wolpers

This Week s #Winners and #Losers Ian Bremmer Участник Influencer

Resilience is More Than a Buzzword Diane Regas

Accounting: Making change happen Geni Whitehouse Участник Influencer

Experienced Senior/Major/National Account Manager

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com)

16 сент. 2015 г.

  • 96 просмотров

Along with football, cooler temperatures, and the changing of the leaves, Fall means something entirely different: the pending onset of Cold Flu Season. The timing of flu is very unpredictable and can vary in different parts of the country and from season to season. Most seasonal flu activity typically occurs between October and May. Flu activity most commonly peaks in the United States between December and February.

It’s not possible to predict what this flu season will be like. Flu seasons are unpredictable in a number of ways. While flu spreads every year, the timing, severity, and length of the season varies from one year to another. Will new flu viruses circulate this season? Flu viruses are constantly changing so it’s not unusual for new flu viruses to appear each year. For more information about how flu viruses change, visit How the Flu Virus Can Change.

Will the United States have a flu epidemic?

The United States experiences epidemics of seasonal flu each year. This time of year is called “flu season.” In the United States, flu season occurs in the winter; flu outbreaks can happen as early as October and can last as late as May. CDC says the flu season begins when certain key flu indicators (for example, levels of influenza-like illness (ILI), hospitalization and deaths) rise and remain elevated for a number of consecutive weeks. Usually ILI increases first, followed by an increase in hospitalizations, which is then followed by increases in flu-associated deaths.


Tags : , , , , , , ,

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise #online #business


#vending machines business

#

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

September 24, 2014

Cecil Tyrell Whisenton got his start in franchising at the lowest rung of the ladder: waiting tables at Outback Steakhouse. Over the years, he moved up in the business, ultimately buying the same Outback where he waited tables. Eventually, he decided he wanted to look into a different vein of franchising: the healthy vending business. HUMAN Healthy Vending set itself apart in Whisenton s eyes with its commitment to charity and appealing vending machines.

Here s what he has learned as he worked his way up from waiter to franchisee.

Name. Cecil Tyrell Whisenton

How long have you owned a franchise?

Since April of 2013, so 1-1/2 years.

I chose the franchising route for a few reasons. First, I feel it is a lot less risky to become part of a franchise than to start a business from scratch because a business model is already in place. Second, the startup cost to franchise is much lower compared to starting a brand new company. Lastly, being a part of a franchise that already has an infrastructure in place gives me more flexibility with my time, which gives me more time with my family. That s priceless!

What were you doing before you became a franchise owner?

After attending St. Mary s University, where I was in the Basketball Hall of Fame Class of 2012, I started waiting tables at Outback Steakhouse in San Antonio. After working very hard, I was able to advance up the management chain and, in 2005, was able to purchase the exact Outback where I had started as a waiter. I owned and operated that Outback for a number of years and was fortunate enough to learn a lot of my entrepreneurial skills from the OSI family.

Why did you choose this particular franchise?

I initially chose the HUMAN Healthy Vending franchise after comparing it to a few other healthy vending franchises. I felt HUMAN s machines were more appealing.

I was also very impressed with HUMAN s philanthropic efforts compared to the other companies who only seemed concerned with revenue and profits. HUMAN recently introduced their own healthy snack delivery service, SnackNation. and every snack pack delivered corresponds with a month s worth of multi-nutrient-packs being sent to a child in need through the Global Alliance for Improved Nutrition (GAIN) and 1,000 Days. That s the kind of franchise that I want to be a part of. No other vending company comes close to HUMAN in that regard.

How much would you estimate you spent before you were officially open for business?

Franchise fee: $25,000

Initial Machine order: $25,000

Balance of initial machine order: $15,000

Product for machines: $2,000

Marketing and Location Discovery Acquisition: $1,000

Where did you get most of your advice/do most of your research?

Initially, the internet was my main source of information as I was able to compare different franchises side-by-side. Later, I talked with representatives of each potential franchise business. When narrowing my options down, I began talking to franchisees in the field, including a HUMAN operator here in San Antonio. This operator has been instrumental in helping me develop my business.

What were the most unexpected challenges of opening your franchise?

I didn t really encounter any unexpected challenges. My business partner really prepped me for any and all situations. All of the situations that could have been stressful were really just learning experiences that I really appreciated.

What advice do you have for individuals who want to own their own franchise?

My advice for individuals who want to own their own franchise is to be sure to do their research. There are a lot of very good franchise opportunities out there, but they re not necessarily a good fit for everyone. Try to find a few different franchises in the same field to compare side by side. Lastly, just do it; you ll be glad you did.

What s next for you and your business?

We definitely have a lot of things in the works here in San Antonio. We have contacted just about every school district in and around San Antonio and are preparing to grow our business significantly in the next six to nine months. We ve put an early focus on public schools because of the new snack guidelines handed down from the USDA called Smart Snacks In School . We also plan to contact most of the private schools in San Antonio, along with businesses and workout facilities, to see if they are interested in installing healthy vending machines.


Tags : , , , , , , , , , ,

HEALTHY OFFICE – COLD – FLU SEASON – Office Depot Inc #register #your #business


#business.officedepot.com

#

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com) Kimberley Mules

Financial Fridays: Why Today Is The Day You Have To Reinvent Yourself James Altucher Участник Influencer

End of the line for Priceline s Name Your Own Price airfares George Hobica

Five months into my #Helen4SG campaign Helen Clark Участник Influencer

Ireland appeals $14.5 billion Apple Tax ruling; Gatorade wants a piece of the organic action; And more news John C Abell

Let the Engineers Hire Their Scrum Master Stefan Wolpers

This Week s #Winners and #Losers Ian Bremmer Участник Influencer

Resilience is More Than a Buzzword Diane Regas

Accounting: Making change happen Geni Whitehouse Участник Influencer

Experienced Senior/Major/National Account Manager

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com)

16 сент. 2015 г.

  • 96 просмотров

Along with football, cooler temperatures, and the changing of the leaves, Fall means something entirely different: the pending onset of Cold Flu Season. The timing of flu is very unpredictable and can vary in different parts of the country and from season to season. Most seasonal flu activity typically occurs between October and May. Flu activity most commonly peaks in the United States between December and February.

It’s not possible to predict what this flu season will be like. Flu seasons are unpredictable in a number of ways. While flu spreads every year, the timing, severity, and length of the season varies from one year to another. Will new flu viruses circulate this season? Flu viruses are constantly changing so it’s not unusual for new flu viruses to appear each year. For more information about how flu viruses change, visit How the Flu Virus Can Change.

Will the United States have a flu epidemic?

The United States experiences epidemics of seasonal flu each year. This time of year is called “flu season.” In the United States, flu season occurs in the winter; flu outbreaks can happen as early as October and can last as late as May. CDC says the flu season begins when certain key flu indicators (for example, levels of influenza-like illness (ILI), hospitalization and deaths) rise and remain elevated for a number of consecutive weeks. Usually ILI increases first, followed by an increase in hospitalizations, which is then followed by increases in flu-associated deaths.


Tags : , , , , , , ,

HEALTHY OFFICE – COLD – FLU SEASON – Office Depot Inc #free #business #cards


#business.officedepot.com

#

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com) Kimberley Mules

Financial Fridays: Why Today Is The Day You Have To Reinvent Yourself James Altucher Участник Influencer

End of the line for Priceline s Name Your Own Price airfares George Hobica

Five months into my #Helen4SG campaign Helen Clark Участник Influencer

Ireland appeals $14.5 billion Apple Tax ruling; Gatorade wants a piece of the organic action; And more news John C Abell

Let the Engineers Hire Their Scrum Master Stefan Wolpers

This Week s #Winners and #Losers Ian Bremmer Участник Influencer

Resilience is More Than a Buzzword Diane Regas

Accounting: Making change happen Geni Whitehouse Участник Influencer

Experienced Senior/Major/National Account Manager

HEALTHY OFFICE – COLD FLU SEASON – Office Depot Inc. (www.business.officedepot.com)

16 сент. 2015 г.

  • 96 просмотров

Along with football, cooler temperatures, and the changing of the leaves, Fall means something entirely different: the pending onset of Cold Flu Season. The timing of flu is very unpredictable and can vary in different parts of the country and from season to season. Most seasonal flu activity typically occurs between October and May. Flu activity most commonly peaks in the United States between December and February.

It’s not possible to predict what this flu season will be like. Flu seasons are unpredictable in a number of ways. While flu spreads every year, the timing, severity, and length of the season varies from one year to another. Will new flu viruses circulate this season? Flu viruses are constantly changing so it’s not unusual for new flu viruses to appear each year. For more information about how flu viruses change, visit How the Flu Virus Can Change.

Will the United States have a flu epidemic?

The United States experiences epidemics of seasonal flu each year. This time of year is called “flu season.” In the United States, flu season occurs in the winter; flu outbreaks can happen as early as October and can last as late as May. CDC says the flu season begins when certain key flu indicators (for example, levels of influenza-like illness (ILI), hospitalization and deaths) rise and remain elevated for a number of consecutive weeks. Usually ILI increases first, followed by an increase in hospitalizations, which is then followed by increases in flu-associated deaths.


Tags : , , , , , , ,

Looking for Stable Business Ideas? Here Are 12 Types of Companies With Healthy Cash

#cash flow business

#

Looking for Stable Business Ideas? Here Are 12 Types of Companies With Healthy Cash Flow.

Data Featured Lists Editor

November 24, 2014

Land subdivision and funeral businesses may not be the sexiest small-business ideas when compared to, let s say, a web startup or a local coffee shop. But private companies in these fields tend to have the healthiest cash flow, according to new data from Sageworks. a Raleigh, N.C.-based financial data company.

For entrepreneurs seeking new ventures. businesses with a track record of stability and solvency may be a good place to start. Sageworks used highest average current ratios to generate a ranking of 12 business types with healthy cash flow for the year ending Aug. 31, 2014. [See list below.]

Cash flow is a leading indicator of financial strength because if a company has sufficient cash on hand, it will likely meet its short-term obligations — like accounts receivables and employee salaries — on time.

Sageworks analyst Jenna Weaver says the businesses listed have the ability to pay their bills and they tend to, on average, have positive cash flow. She adds that while these businesses aren t necessarily fun or flashy, understanding why certain industries or business models are more inclined toward solvency than others is useful for any entrepreneur.

Following land subdivision and death-care services, this year s ranking also includes grocery stores, real-estate businesses, clothing stores, liquor stores, gas stations, dry cleaning and laundry services, specialty-food stores, employment services, health and personal care stores, and investigation and security services.

Land-subdivision companies divide land into plots to make selling the property easier. Weaver explains that its top ranking may reflect the strong real estate/construction market recovery since 2009.

The rest of the results show themes: half of the list represented the retail sector. While giants like Walmart are known to operate with a low current ratio because of their ability to turn inventory quickly into cash, small private retailers may have difficulty predicting consumer behavior and may therefore stockpile inventory to meet any unexpected consumer demand. Weaver explains that the ability for these smaller establishments to then turn these inventory levels into receivables, and receivables into cash plays a big role. Also, she says a third of the industries on the list are service-related businesses, which usually have lower or no inventory needs.

While every industry operates on different business cycles and models, entrepreneurs brainstorming on stable business ideas should always keep solvency in mind.

Often, when businesses fail, they fail because of their inability to manage these ratios and generate positive cash flow, Weaver says.

It s important to note that a current ratio that is too high is not always ideal. A company wants to keep enough cash or liquid assets available to be able to meet its short term debts, but it doesn t want to sit on too much cash or inventory, so that its assets are still being productive for the business.


Tags : , , , , , , , , , , , , , ,

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise #business #card

#vending machines business

#

Franchise Players: From Waiting Tables to Running a Healthy Vending Machine Franchise

September 24, 2014

Cecil Tyrell Whisenton got his start in franchising at the lowest rung of the ladder: waiting tables at Outback Steakhouse. Over the years, he moved up in the business, ultimately buying the same Outback where he waited tables. Eventually, he decided he wanted to look into a different vein of franchising: the healthy vending business. HUMAN Healthy Vending set itself apart in Whisenton s eyes with its commitment to charity and appealing vending machines.

Here s what he has learned as he worked his way up from waiter to franchisee.

Name. Cecil Tyrell Whisenton

How long have you owned a franchise?

Since April of 2013, so 1-1/2 years.

I chose the franchising route for a few reasons. First, I feel it is a lot less risky to become part of a franchise than to start a business from scratch because a business model is already in place. Second, the startup cost to franchise is much lower compared to starting a brand new company. Lastly, being a part of a franchise that already has an infrastructure in place gives me more flexibility with my time, which gives me more time with my family. That s priceless!

What were you doing before you became a franchise owner?

After attending St. Mary s University, where I was in the Basketball Hall of Fame Class of 2012, I started waiting tables at Outback Steakhouse in San Antonio. After working very hard, I was able to advance up the management chain and, in 2005, was able to purchase the exact Outback where I had started as a waiter. I owned and operated that Outback for a number of years and was fortunate enough to learn a lot of my entrepreneurial skills from the OSI family.

Why did you choose this particular franchise?

I initially chose the HUMAN Healthy Vending franchise after comparing it to a few other healthy vending franchises. I felt HUMAN s machines were more appealing.

I was also very impressed with HUMAN s philanthropic efforts compared to the other companies who only seemed concerned with revenue and profits. HUMAN recently introduced their own healthy snack delivery service, SnackNation. and every snack pack delivered corresponds with a month s worth of multi-nutrient-packs being sent to a child in need through the Global Alliance for Improved Nutrition (GAIN) and 1,000 Days. That s the kind of franchise that I want to be a part of. No other vending company comes close to HUMAN in that regard.

How much would you estimate you spent before you were officially open for business?

Franchise fee: $25,000

Initial Machine order: $25,000

Balance of initial machine order: $15,000

Product for machines: $2,000

Marketing and Location Discovery Acquisition: $1,000

Where did you get most of your advice/do most of your research?

Initially, the internet was my main source of information as I was able to compare different franchises side-by-side. Later, I talked with representatives of each potential franchise business. When narrowing my options down, I began talking to franchisees in the field, including a HUMAN operator here in San Antonio. This operator has been instrumental in helping me develop my business.

What were the most unexpected challenges of opening your franchise?

I didn t really encounter any unexpected challenges. My business partner really prepped me for any and all situations. All of the situations that could have been stressful were really just learning experiences that I really appreciated.

What advice do you have for individuals who want to own their own franchise?

My advice for individuals who want to own their own franchise is to be sure to do their research. There are a lot of very good franchise opportunities out there, but they re not necessarily a good fit for everyone. Try to find a few different franchises in the same field to compare side by side. Lastly, just do it; you ll be glad you did.

What s next for you and your business?

We definitely have a lot of things in the works here in San Antonio. We have contacted just about every school district in and around San Antonio and are preparing to grow our business significantly in the next six to nine months. We ve put an early focus on public schools because of the new snack guidelines handed down from the USDA called Smart Snacks In School . We also plan to contact most of the private schools in San Antonio, along with businesses and workout facilities, to see if they are interested in installing healthy vending machines.


Tags : , , , , , , , , , ,

Looking for Stable Business Ideas? Here Are 12 Types of Companies With Healthy Cash

#cash flow business

#

Looking for Stable Business Ideas? Here Are 12 Types of Companies With Healthy Cash Flow.

Data Featured Lists Editor

November 24, 2014

Land subdivision and funeral businesses may not be the sexiest small-business ideas when compared to, let s say, a web startup or a local coffee shop. But private companies in these fields tend to have the healthiest cash flow, according to new data from Sageworks. a Raleigh, N.C.-based financial data company.

For entrepreneurs seeking new ventures. businesses with a track record of stability and solvency may be a good place to start. Sageworks used highest average current ratios to generate a ranking of 12 business types with healthy cash flow for the year ending Aug. 31, 2014. [See list below.]

Cash flow is a leading indicator of financial strength because if a company has sufficient cash on hand, it will likely meet its short-term obligations — like accounts receivables and employee salaries — on time.

Sageworks analyst Jenna Weaver says the businesses listed have the ability to pay their bills and they tend to, on average, have positive cash flow. She adds that while these businesses aren t necessarily fun or flashy, understanding why certain industries or business models are more inclined toward solvency than others is useful for any entrepreneur.

Following land subdivision and death-care services, this year s ranking also includes grocery stores, real-estate businesses, clothing stores, liquor stores, gas stations, dry cleaning and laundry services, specialty-food stores, employment services, health and personal care stores, and investigation and security services.

Land-subdivision companies divide land into plots to make selling the property easier. Weaver explains that its top ranking may reflect the strong real estate/construction market recovery since 2009.

The rest of the results show themes: half of the list represented the retail sector. While giants like Walmart are known to operate with a low current ratio because of their ability to turn inventory quickly into cash, small private retailers may have difficulty predicting consumer behavior and may therefore stockpile inventory to meet any unexpected consumer demand. Weaver explains that the ability for these smaller establishments to then turn these inventory levels into receivables, and receivables into cash plays a big role. Also, she says a third of the industries on the list are service-related businesses, which usually have lower or no inventory needs.

While every industry operates on different business cycles and models, entrepreneurs brainstorming on stable business ideas should always keep solvency in mind.

Often, when businesses fail, they fail because of their inability to manage these ratios and generate positive cash flow, Weaver says.

It s important to note that a current ratio that is too high is not always ideal. A company wants to keep enough cash or liquid assets available to be able to meet its short term debts, but it doesn t want to sit on too much cash or inventory, so that its assets are still being productive for the business.


Tags : , , , , , , , , , , , , , ,