Murphy Business and Financial Corporation Reaches New Heights On Entrepreneur Magazine’s 38th Annual Franchise 500 List

Franchise Mall | January 2017

 

Murphy Business and Financial Corporation reported today that it has been named to Entrepreneur magazine's Franchise 500 rundown, considered the world's initially, best and most complete establishment positioning. Murphy Business and Financial Corporation has been evaluated number two in the Business Brokerages area inside the "Business Services" class.

 

The prestigious honor approves the advance the organization has made in the previous year bringing the aggregate to 300 or more areas to groups all through the United States and Canada.

 

"We are regarded to get this positioning," said Sandee Devine, VP of establishment improvement at Murphy Business and Financial Corporation. "We anticipate expanding upon this development in 2017, as we frame new
connections, venture into new markets, and offer our current franchisees proceeded with support."

 

The key calculates that go Entrepreneur's assessment incorporate expenses and charges, size and development, bolster, mark quality, and monetary quality and soundness. All establishments are given a combined score in light of more than 150 information focuses, and the 500 establishments with the most astounding aggregate scores turn into the Franchise 500 in positioning request.

 

"We invest months assembling and crunching information keeping in mind the end goal to create the Franchise 500 positioning. We're glad for the outcome and the way it keeps on being an asset for the establishment group," says Jason Feifer, proofreader in head of Entrepreneur. "Like each industry, diversifying is constantly developing and should insightfully respond to new innovations and buyer requests. We know it takes a great deal to remain focused, and are eager to commend those that do it best."

 

Murphy Business and Financial Corporation is North America's driving, fullbenefit business financier firm with workplaces in both the United States and Canada. Offering business visionaries both provincial designer and unit franchisee working models, the Murphy Business home office underpins both gatherings and their specialists with broad preparing, alongside introductory and progressing advertising endeavors that leave Murphy Business proprietors to concentrate on the most essential piece of their business "" investing more energy with their customers.

 

Entrepreneurially energetic people keen on owning a Murphy Business and Financial Corporation establishment ought to be able to contribute $50-60,000, which incorporates working capital and a common establishment charge of $35,000 in addition to the primary year of advertising. Moreover, Murphy Business and Financial Corporation is a glad accomplice of the VetFran program. Endorsed competitors get $5,000 off of the aggregate establishment expense. Perfect establishment applicants are previous entrepreneurs or C-level officials between the ages of 35 and 75.

 

"With a specific end goal to mirror the advancing business world everywhere, we at Entrepreneur keep on evolving our yearly positioning, as well," says Ryan Shea, leader of Entrepreneur. "We've grown better approaches to gauge and examine our gathered information as new basic information focuses become possibly the most important factor. We consider related components, for example, online networking nearness and financing accessibility, which have turned out to be progressively imperative in today's economy. The outcome is a more total and important Franchise 500 that can fill in as a profitable asset for our perusers."

 

About Murphy Business and Financial Corporation LLC

 

Clearwater, Florida-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions. Closing deals at a higher ratio than the business brokerage industry average, several accolades have been bestowed upon the company including Top 50 Franchisee Satisfaction Award-Winner 9 consecutive years according to Franchise Business Review.

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Know the Road to Business Ownership Before Starting Out

Inside Business | By Frank Chebalo

 

Making the transition to business ownership can be daunting, especially if your options are unclear.

 

Think of business ownership as a destination on a map with multiple routes ultimately leading to the same end location, but all differing in accessibility, arrival time, cost and other factors.

 

Below are several pathways for aspiring entrepreneurs to consider before embarking on their journeys.

 

Start your own

 

Starting one from scratch is typically the first – or only – option people picture when they think of business ownership. Starting your own business has a variety of benefits – including having the ability to oversee all decisions made and steer the company’s direction.

 

It’s no question the freedom and responsibility of launching a business is attractive. However, it’s also important to be mindful of the statistics when it comes to launching a startup. With only a 15 percent success rate, risk assessment is necessary, but if done correctly, and with proper assistance, starting a business has the potential to be a rewarding route.

 

Buy into a franchise

 

Researching alternative options is a necessary step in the decision-making process, and if the risk of starting your own business seems too high, franchising is worth looking into. On this path, you buy into a model so it’s essential to do your due diligence to find a reliable and supportive franchiser.

 

When franchising with a reputable brand, the success rate increases to 90 percent. A credible model can offer systems and processes to help with the opening of a business including marketing programs, training, staffing assistance.

 

While franchising is sometimes criticized for lack of freedom or creative control, many in favor of franchising argue that the success rate is reason alone to buy into a model within an industry that interests you and that as an owner, you still have control over many aspects of your business.

 

Acquire a business

 

Buying a company is another option to consider. If inexperienced, you may want to consult a business broker who can provide knowledgeable insight on price values for the current market and ultimately weed out the opportunities that aren’t worth investing in.

 

Existing businesses already have an established track record of cash flow, as well as marketing plans and procedures that are in place. Oftentimes, these businesses have an established clientele and loyal employees as well, but can come at a greater cost to the buyer.

 

Frank Chebalo owns the Virginia Beach Murphy Business & Financial Corporation office, supporting entrepreneurs with purchases, valuations, and mergers and acquisitions. Contact him at f.chebalo@murphybusiness.com.

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