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Do You Need a Tax ID? How to Obtain an EIN

June 14, 2021 | by Tom Scarda, Certified Franchise Executive

After you incorporate or form an LLC, the IRS will issue a federal tax ID to your small business. This tax ID is also known as an employer identification number, or EIN. 

In franchise consultant, life decisions

What is The Franchise Academy?

May 31, 2021 | by Tom Scarda, Certified Franchise Executive

Tom Scarda and The Franchise Academy (TFA) advise 40 percent of the people who contact them to not purchase a franchise. 

In franchise consultant, life decisions

Fear of the Unknown

May 17, 2021 | by Tom Scarda, Certified Franchise Executive

It's interesting to note that most people who investigate franchising never pull the trigger. The majority of people stop because of fear of the unknown. All the information that is out there about...

In franchise consultant, life decisions

Who buys a franchise?

May 10, 2021 | by Tom Scarda, Certified Franchise Executive

A very high percentage of people who choose to invest in a franchise usually do it as a second, third or fourth career. Most franchise owners are corporate refugees who have escaped their cubical and...

In franchise consultant, life decisions

I’ll Take No Competition, Please

May 3, 2021 | by Tom Scarda, Certified Franchise Executive

If I told you that I know of the most extraordinary franchise opportunity with a unique offering, no one has done it before, and no one has ever heard of it - Would you want to jump on board?  

In franchise consultant, life decisions

What is your dog's name?

April 26, 2021 | by Tom Scarda, Certified Franchise Executive

We are taught to go to school, get a job and be happy. We are not trained to buy a business, which is why I have a business! 

In franchise consultant, life decisions

Franchise Forecast for 2021

April 19, 2021 | by Tom Scarda, Certified Franchise Executive

Have you ever ridden the waves at the beach? Did you have the experience, as you’re stand, waiting for the swell of water to pick you up, first there is an undertow, and you feel like you might be...

In franchise consultant, life decisions

Persistence

April 12, 2021 | by Tom Scarda, Certified Franchise Executive

Many times, overnight success is 20 years in the making. Malcolm Gladwell, in his book, Outliers, talks about 10,000 hours of practice before becoming professional or “making it.” Bo Eason, former...

In franchise consultant, life decisions

I am NOT a franchise expert

April 5, 2021 | by Tom Scarda, Certified Franchise Executive

According to the Merriam-Webster dictionary, an expert’s definition is one with the special skill or knowledge representing mastery of a particular subject.

In franchise consultant, life decisions

Fridays

March 29, 2021 | by Tom Scarda, Certified Franchise Executive

The other day I called my local municipal sanitation department to arrange a special pick up for an old couch. It was a Monday. I received an outgoing message that said, “Call wait times are longer...

In franchise consultant, life decisions
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