The following is an excerpt from HealthCEOblog.com

How many times have we heard (or said) in business that “timing is everything!” All of us have had an uncle or relative who told us of how he would have been a multi-millionaire if only he had made this investment, or bought this business, piece of property, etc….

In business and in life, the ability to make a decision with good timing is what really sets the successful people apart from the rest. “Going with the flow” will get you average returns, but truly having vision, or confidence will allow you to achieve extraordinary results.

I was commenting to one of our new franchisees yesterday that the costs to open a business are about 30% less then they were just a year ago. Vendors are needing to meet their quotas and production requirements, so we are seeing far-reduced prices on materials and equipment. Landlords (in top centers) are being extremely flexible, giving generous free rent periods, and in some cases paying for the entire club buildout. The elements franchise team spends quite a bit of time building relationships with landlords, and is very active in negotiating the best possible structure for each club. Keeping in mind that most leases are 5-10 years in length, and that rents are about 30% lower than they were a year ago, the savings over time for the business are quite significant!

This is coupled with the ability to be more selective in hiring, and be more flexible with pay options – giving a new business a real boost if they are able to launch within the next 4-6 months.

For more information on starting a franchise, visit www.elementsforwomen.com

Tags: elementsforwomen, starting a franchise

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