Archive for the ‘Competition’ Category

 

Goddard Systems, Inc., franchisor of The Goddard School, is proud to announce that The Goddard School has marked yet another year on Franchise Time’s Top 200 list, continuing its 11 year streak as the top performing early childhood education franchise in the U.S.

Franchise Times reports the 200 largest U.S.-based franchisors grew their combined annual sales by more than $26.9 billion or 4.2 percent last year, to $671.3 billion, with most categories seeing across-the-board gains well above the previous year, according to the newly released Franchise Times Top 200+, an exclusive ranking of the 500 largest franchises.

With more than 500 Schools in 37 states, The Goddard School’s system-wide sales exceeded $814 million in 2018, a 9.3 percent increase since 2017. Franchisees invest between $619,900 and $760,600 and earn an average EBITDA of $373,321 per year.*

The franchise system reached a significant milestone at the end of last year, opening its 500th location, making way for setting goals to reach a new milestone – opening 250 Schools in the next five years. GSI is using new and improved strategies, including a location-first real estate approach, to grow the system 50 Schools per year for the next five years.

By leveraging decades-long relationships with developers, GSI will employ a location-first development model. Desirable real estate sites with a high potential for success will be secured before GSI awards a license to a franchisee. This flexibility will enable GSI to satisfy the varied real estate needs of its current and future franchisees and allow more Schools to open faster.

GSI is eager to partner with entrepreneurs who are passionate about running their own business while educating the leaders of tomorrow.

To learn more about how to invest in one of the most successful early childhood education franchises, visit GoddardSchoolFranchise.com.

 

The Goddard School, with 460 locations and counting, has been listed as one of twenty emerging brands exhibiting at the 2017 International Franchising Expo.

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Business Competition: Fuel or Distraction?

Monday, January 16th, 2012

Originally Published by Carol Roth
January 2012

I often see parallels between sports and business.  Let’s take football for example. The player who gets the ball and runs with it to try to score points for his team is not unlike an entrepreneur who takes an idea and runs with it, trying to create revenue for his business.

As the running back or wide receiver is running a full sprint towards the goal line, it is tempting for him to look back over his shoulder.  He knows that the competition is on his heels and it’s hard to resist the urge to check out how close they truly are. But when a player does that, it slows him down, often to the point that the competitor can catch up- or even tackle him.

I see the same thing with entrepreneurs, especially those blazing a trail.  It’s tempting to waste time on the competitors who are following behind, trying to copy or catch us, or even just causing a ridiculous commotion. However, it’s much more effective to stay focused on your own goal line.

Put your energy into running as fast as you can and blazing the path towards the goal, instead of worrying about where your competition is or what they are doing.  If you keep your focus and you have the talent, they won’t be able to catch you.