"When
you
join
the
Sign
Biz
Network,
you
become
partners
with
the
most
experienced
team
of
instant
sign
professionals
in
the
country."
--
Business
Opportunities
Journal
The Pros and
Cons of Business Brokers
What some franchise brokers will do to prospective
entrepreneurs, and why
 Some Franchise Brokers are the greatest asset available
to individuals seeking a new life as the owner of a fast-growing
company. These business brokers are patient, letting their clients
discover the right "fit" for their temperament and background.
In some cases, however, people find that their business broker used
unethical means to manipulate one of the biggest decisions of their
lives.... for a commission.
Don* was 20 years with a national aerospace company, and
suddenly found himself reorganized right out of a position. Some heart
to heart talks with his spouse and children firmed up his decision to
open his own business. So Don found a business broker that promised to
help Don find the right business for himself. Three months later, Don
found Sign Biz, Inc. on his own while browsing the web. He was
very excited-- this was the perfect business for his skills and his
desire to stay away from long retail hours in a consumer driven
business.
There was just one problem: the business broker would not
receive a commission if Don opened a Sign Biz business. Don
explained to the franchise chain broker that he was very close to
finalizing a decision to join the Sign Biz Network, and felt this was
the right choice for many reasons. The broker was not ready to accept
Don's decision, after all, he stood to lose as much as $12,000 in
commissions.
The broker decided to mount a campaign against the Sign
Biz Corporation, claiming that the company
was struggling. This tactic was designed to instill doubt and fear, but
later backfired.
Over a twel;ve year period, the current president, Teresa M
Young had not only built the world's largest chain of non-franchised
sign companies, but had moved the company into a position of financial strength
and profitability. This earned her a nomination for the Entrepreneur of
the Year Awards, sponsored by NASDAQ, and USA Today.
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Ms Young is one of
only a handful of sign chain leaders with more than 15 years of
industry experience including front line experience as a sign
store owner for six of those years. She is committed to
the growth and development of the Sign Biz Network and dedicated
to each member's success. |
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Don fell victim to the broker's agenda to dissuade him
from choosing the business development services of Sign Biz Inc. He put
a deposit down on a sign franchise, and then spent three nights, as he
explained, "With a knot in my stomach and anxiety
attacks." So at the urging of his spouse, Don went back to
his due diligence, and there he found it: A complete D&B report on
the company's strong financial postion. Suddenly, he says, "I had the
complete picture." Don knew that the business had been
misrepresented by the franchise network broker, and he was
furious.
"My family and I had counted on this man to do the
right thing, but he let greed get in the way. This is our future,
and he played with it." Ultimately, the story has a happy ending.
Don finally got his money back from the franchise, though it took more
than two months, and he opened a beautiful and thriving sign business in
the Sign Biz Network. His experience leads him to tell other would-be
entrepreneurs to "be very careful and dig deep about anything that
a broker might tell you. Just because they seem really supportive and
friendly doesn't mean they are your friend."
 Background
Information:
A reprint of a published interview with Teresa M Young provides an up
close and personal look at her views on entrepreneurship, family, work
and ethics. You can find this information in the company biography page
for Teresa M. Young by starting here: Management
Team.
If you have any further questions or would like additional information about
our
turnkey
package
for
new
business
owners, please contact:
Greg
Salzano
VP,
Business
Development
24681
La
Plaza,
Suite
270
Dana
Point,
CA
92629
800-633-5580
gregs@signbiz.com
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