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I won’t mention any names but I know of several franchising companies that have acquired many different franchises some as many as 600 different franchises. But all they have done is acquired names of different known franchises because the earnings have not improved nor has price of stock. These companies are trading for pennies with little or no chance for improvement since they have a ton of stock outstanding.
That is one reason that acquisition must be done prudently and selectively, and not just for sake of getting name of your company in papers.
You must have a business plan and fortitude to stick by it regardless of critics, business plan must be flexible enough to allow you to make changes when necessary. This plan must be in writing and available to potential investors. If you approach investors without a business plan you will have a difficult time trying to convince them that you are offering a good investment.
A business plan shows investors that you know what you are doing and where you want to take company. A lack of a business plan indicate a lack of direction, some entrepreneurs are big dreamers but their plans tend to swing all over place causing them change direction every other week.
Begin by designing a strategy for future, taking into consideration what you want to accomplish after you take your company public. If you have a plan your chances of success will be greatly improved.
By being successful from beginning opportunities will present themselves almost immediately and give you a head start on competition.
If you are thinking of going public visit our website: www.genesiscorporateadvisors.com
Joseph D. Quinones, President of Genesis Corporate Advisors has spent over 25 years in the securities industry. In 1992 he founded JDQ Financial Group, Inc. and proceeded to build it up from a one man operation to the point where it employed many traders, advised numerous client and generate millions in revenues.