Innholdsfortegnelse for December 2021 i Entrepreneur Magazine

REPEAT AFTER ME: “I will do the best work with the resources available.” This has become my mantra. It isn’t sexy. It doesn’t make for a great motivational poster. But it is true and honest, and I think of it often. It’s also what I repeat every time someone tells me they’re stressed-out, with too much to do—and it always calms them down. I hope this mantra can do the same for you. I’ll walk you through it. The first part is obvious: “I will do the best work.” Of course you will! We don’t work to be average, as NBA Hall of Famer Chris Bosh once told me. The second part is where all the power lies: “With the resources available.” Let’s be frank. Unless you’re the CEO of…

I have built two companies and am now growing my third, Hark Audio. Often, people wonder how serial entrepreneurs like me continually come up with new ideas, and my answer is this: Starting a business doesn’t always mean starting from scratch. If you have a powerful, foundational insight about something people love, you can make a career out of building concepts on top of it. Dennis Crowley did something like this. His obsession with location-based social media led him to form Dodgeball, which he sold to Google, and then to cofound Foursquare. Similarly, Paul Davison and Rohan Seth were passionate about finding new and more intimate ways of connecting people, which led to multiple failed startups and then one that hit: Clubhouse. And me? I was the kid in high…

THIS PAST SUMMER, The Princeton Review surveyed more than 250 colleges and universities to determine which of them best serve future entrepreneurs. Below are a few of the key metrics collected from those schools. For more information on the methodology and details on each ranking, go to PrincetonReview.com/entrepreneur. → Academics and Requirements Schools were asked whether they offer a major, a minor, a concentration, or a degree program in entrepreneurship; how many courses in entrepreneurship they offer in topics such as new technology, social entrepreneurship, business analytics, idea development, and venture capital; and whether they provide cross-discipline opportunities to interact with students in other majors (e.g., working with computer engineering students to develop a product). → Outside the Classroom Schools were asked for the number and size of scholarships available…

Before January 1, 2022, will the United States Olympic Committee announce that it is boycotting the 2022 Olympics? I am in a virtual workshop that will test my abilities to forecast the future, and I have 10 seconds to answer. I’m scanning my brain. (Simone Biles, not relevant. Moscow, 1980, yes. Uyghurs?) But time’s up. I guess 20 percent. Then it’s on to the next questions: What is the probability the U.S. will regulate cryptocurrencies on the stock market by January 2023? Will China attempt to take Taiwan over the next five years? How big is the surface area of the Mediterranean Sea in square kilometers? “I bet you didn’t wake up thinking you had to answer that question today,” says Warren Hatch, who is co-leading this workshop. There are…

Education Will traditional education such as college remain as relevant in building professional relationships and getting a foot in the door? The unbundling of educational content, delivery, and accreditation will give people greater ownership over what they learn, when they learn, where they learn, and how they learn. This does not mean that a college degree will lose its relevance, but it won’t hold the same monopoly, and there will be lots of alternatives. Part of that is the result of new learning opportunities arising from digitalization, but the need for continuous upskilling and reskilling also leads to a better integration of working and learning. We used to learn to do the work; now learning is the work.” —ANDREAS SCHLEICHER, director for education and skills at the Organisation for Economic…

When you’re in the business of caring for others, nothing beats having Mother Teresa on your résumé. Kiran Yocom has just that; she worked with the sainted nun for more than a decade in India, and Yocom’s commitment to serving others continued when she moved to the U.S. in 1995. Three years later, she cofounded home-care company Seniors Helping Seniors. Inspired by the compassion she saw in older people, she hired seniors as primary caregivers for other seniors. Since the Reading, Pa.–based business began franchising in 2006, it has expanded to 100 franchisees throughout the U.S., the U.K., and Malta. Yocom’s daughter, Namrata Yocom-Jan, is now president of the company. Striking a balance between truly compassionate care and profitable business strategy isn’t always easy, but Yocom says the key is…

The cleaning and restoration industries have long been touted as recession-proof. Now they can add pandemic-proof to their résumés, as the old adage that “cleanliness is next to godliness” has been proven more true than ever. And with offices reopening, commercial cleaning franchises especially should see a boost in demand. AdvantaClean Residential and commercial restoration services STARTUP COST $166.2K–$260.1K TOTAL UNITS (Franchised / Co.-Owned) 182/1 Aire-Master Restroom odor-control, scent branding, and commercial hygiene services STARTUP COST $44.98K–$160.9K TOTAL UNITS (Franchised / Co.-Owned) 112/7 All Dry Services Water and mold remediation and restoration STARTUP COST $81.8K–$201.9K TOTAL UNITS (Franchised / Co.-Owned) 17/1 Anago Cleaning Systems Commercial cleaning STARTUP COST $11.3K–$68.3K TOTAL UNITS (Franchised / Co.-Owned) 1,719/0 Bar-B-Clean Barbecue cleaning STARTUP COST $36.95K–$50.1K TOTAL UNITS (Franchised / Co.-Owned) 27/1 Best Option Restoration…

According to a survey published by Porch, which provides software and services to home services industries, 76 percent of U.S. homeowners carried out at least one home improvement project in 2020 and 78 percent planned to do so in 2021. We expect the industry’s positive momentum will continue into the year ahead as well. ABC Seamless Seamless siding, soffit, fascia, gutters, windows, roofing STARTUP COST $90K–$278.5K TOTAL UNITS (Franchised / Co.-Owned) 87/7 Access Garage Doors Garage door sales, installation, and repairs STARTUP COST $34.8K–$101.3K TOTAL UNITS (Franchised / Co.-Owned) 10/1 Ace Handyman Services Residential and commercial repairs, maintenance, and improvements STARTUP COST $97.5K–$152.4K TOTAL UNITS (Franchised / Co.-Owned) 215/7 Ace Hardware Hardware and home improvement stores STARTUP COST $292K–$2.1M TOTAL UNITS (Franchised / Co.-Owned) 5,343/211 America’s Color Consultants Paint color…

The company Parting Stone offers a novel service: It turns the ashes of deceased humans and animals into pretty little stones—like river rocks. And when Justin Crowe founded Parting Stone in 2019, it seemed obvious who his first customers should be. “Our research showed that while 1.6 million American families choose cremation through a funeral home each year, there are already 75 million people in the United States living with pet and human ashes at home,” he says. In other words, Crowe planned to skip the hassle of persuading funeral homes to offer Parting Stone’s “solidified remains” as an alternative to traditional cremation. Instead, he’d sell his service directly to those 75 million consumers with an urn in the basement. But when the company launched, things didn’t go as planned.…

Entrepreneurs must be constant learners, particularly in our disruptive times. That’s because nothing about a founder’s path will remain the same. Their customers’ needs will change, their technology will evolve, their industries will shift, and more. So how do universities prepare aspiring entrepreneurs for this nonstop journey? By arming them with the strongest possible foundation—including the fundamentals of business, a powerful network, incubators to develop their ideas, and diverse, interdisciplinary coursework that prepares students to be thinkers, builders, and innovators. There are no degree requirements for entrepreneurship, of course, but university programs can provide a strong footing and give entrepreneurs a head start on their dreams. That’s why for the past 16 years we have partnered with The Princeton Review to rank the top undergraduate and graduate programs for entrepreneurs.…

While some sectors of food franchising have struggled over the past two years, consumers seeking healthful and easily portable options have helped restaurants and other businesses specializing in juices, smoothies, bowls, and other fruit-based products to thrive. Acai Express Superfood Bowls Acai bowls, smoothies, juices STARTUP COST $133.5K–$364K TOTAL UNITS (Franchised / Co.-Owned) 28/7 Beyond Juicery + Eatery Smoothies, juices, wraps, salads, soups STARTUP COST $371.7K–$617.4K TOTAL UNITS (Franchised / Co.-Owned) 28/3 Bowl Boss Acai Acai bowls, smoothies, espresso, waffles STARTUP COST $154.95K–$363K TOTAL UNITS (Franchised / Co.-Owned) 0/1 Clean Juice Organic juices, smoothies, acai bowls, wraps STARTUP COST $279.5K–$523K TOTAL UNITS (Franchised / Co.-Owned) 97/13 Daily Veg Vegan food STARTUP COST $300.9K–$531K TOTAL UNITS (Franchised / Co.-Owned) 0/2 Edible Sculpted-fruit bouquets, chocolate-covered fruit, smoothies, fruit salads, baked goods STARTUP…

There’s no doubt the past two years have been challenging for the salon and spa industry, but customers have begun to show enthusiasm for getting back to their self-care routines. Franchises that managed to stay afloat through the early days of the pandemic should be able to capitalize on this demand and see a brighter future ahead. Amazing Lash Studio Eyelash-extension studios STARTUP COST $238.4K–$518.1K TOTAL UNITS (Franchised / Co.-Owned) 258/0 Arch and Line Permanent makeup, eyebrow waxing, full-body waxing STARTUP COST $70.4K–$111.5K TOTAL UNITS (Franchised / Co.-Owned) 0/2 Blo Blow Dry Bar Hairstyling and makeup services STARTUP COST $214.4K–$337.4K TOTAL UNITS (Franchised / Co.-Owned) 91/0 Cookie Cutters Haircuts for Kids Children’s hair salons STARTUP COST $132K–$339.5K TOTAL UNITS (Franchised / Co.-Owned) 110/2 Cost Cutters Family Hair Care Family hair…

I graduated from college in the early ’90s with a major in Italian literature and no clue how I was going to make a living. I struggled to find my footing in a new city, on a new coast, working a variety of jobs, always looking for my “real” career. I was sorely in need of encouragement—from anyone, anywhere. One day I opened my mail and found it in the form of a note from my mother. She’d clipped out an image she found in Harper’s Magazine; it was a portrait of John Gorrie, the inventor of the first artificial ice machine, that the artist Dennis Gephardt had made entirely out of pieces of toast. “If someone can make a portrait out of toast,” my mother wrote to me, “you…

1/Broken promises burn bridges. “Six months after I cofounded a small activewear brand, [e-commerce site] Carbon38 placed an order with us. This was a dream come true, so even though I was unsure we could execute on their timeline, I went for it. As a result, we didn’t let our fabric sit long enough before manufacturing and sent Carbon38 product that was too stiff and rough to sell. They returned all of it, and I made a terrible first impression. I learned to never compromise quality.” —KASSIA DAVIS, founder and CEO, KADA 2/Stinginess is shortsighted. “In the early days of Hims, I negotiated with vendors until there was no more room for savings. I was proud of this. But years later, an early Hims employee emailed me about the super-uncomfortable…

JUST OVER A YEAR AGO, Daniella Pierson took a deep breath and clicked on a Zoom link. The 25-year-old still couldn’t quite believe who she was about to interview—much less on something as intimate as mental health. But when the other windows popped up on her screen, she relaxed. There was Mandy Teefey, the producer known for the Netflix show 13 Reasons Why, wearing sweats in her bedroom. And then there was Teefey’s daughter, Selena Gomez, cozied up on her couch in a snuggly blanket. The interview—for The Newsette, a trendy Gen Z newsletter Pierson started five years earlier in college—had been made possible by a series of fortuitous connections. And maybe because it was explicitly planned to discuss mental health, the conversation got deep fast. Teefey opened up about…

People are more interested than ever in getting and staying healthy, and the franchise industry has expanded more and more into the world of health and wellness in response. Traditional medical and wellness services and products have a strong presence here, but more novel treatments, like cryotherapy, IV therapy, and CBD, are quickly gaining ground. American Family Care Urgent care/primary care centers STARTUP COST $1M–$1.4M TOTAL UNITS (Franchised / Co.-Owned) 171/75 ApexNetwork Physical Therapy Physical therapy STARTUP COST $149.2K–$347.2K TOTAL UNITS (Franchised / Co.-Owned) 28/65 BeBalanced Hormone Weight Loss Centers Weight-loss and wellness services STARTUP COST $155.7K–$208.5K TOTAL UNITS (Franchised / Co.-Owned) 25/1 Cereset Neuromodulation technology to assist with relaxation, sleep, stress relief, and wellness STARTUP COST $91.5K–$205.2K TOTAL UNITS (Franchised / Co.-Owned) 35/2 Diversity Family Health Medical clinics STARTUP…

According to the U.S. Census Bureau, the 65-plus population was the fastest-growing age group from 2010 to 2019, increasing by more than a third—and that trend will only continue. The aging population means an increased need for care and assistance, and the value of such services has only been highlighted in the past two years. Acti-Kare Nonmedical home care STARTUP COST $32.5K–$52.5K TOTAL UNITS (Franchised / Co.-Owned) 137/0 Always Best Care Senior Services Nonmedical home care, assisted-living placement, home healthcare STARTUP COST $74.7K–$125.4K TOTAL UNITS (Franchised / Co.-Owned) 217/0 AmeriCare/Amli Care Nonmedical home care STARTUP COST $112.8K–$167.2K TOTAL UNITS (Franchised / Co.-Owned) 20/0 A Place At Home Nonmedical home care, senior living placement, care coordination, healthcare staffing STARTUP COST $59K–$153.1K TOTAL UNITS (Franchised / Co.-Owned) 17/0 Assisted Living Locators Senior-care…