Category Archives: Money

Sound guidance, sage advice and helpful tips about money from Jamie List of Bearing Capital Partners

7-eleven

Five Best Franchises for Familypreneurs

7-elevenA familypreneur is an entrepreneur who runs a business with his family.  This means their business decisions are made while considering their family’s needs, and by considering how their enterprise affects their loved ones. A familypreneurship is born from a deep consideration of the opportunity available, and what limitations or expansion of the family dynamic that such a mercantile operation might impose on their lives. One thing is certain, familypreneurs always put their families first.  This from Top Five Business Models for Entrepreneur Families which was written up in the Toronto Entrepreneur’s Blog in October 2014.

While there are many paths leading to the decision to own a business, and to striking out on one’s own to be an entrepreneur, the path to familyprenuership is always intriguingly different. It usually comes as a solution to a massive life problem, for example, chronic unemployment, a painful divorce, or forced migration to another country etc. But sometimes the business decision is born out of the realization that their lives are not fulfilling, and their careers are not be leading them to where they want to go in life.

Here are the top five familypreneur franchise business models, measured in terms profitability, scalability and quality of life.

Open a Family Owned Retail Store

Buying a retail stores with the intention of providing meaningful employment for everyone in the family is the number one choice of new Canadians who become defacto familypreneurs to better adjust to this society.  In many cases they have just survived a Grape-of-Wrath style life altering journey, and so now the demands of managing a general store in Canada seems easy by comparison.
An increasingly popular choice in franchises are dollar stores, and Canadian dollar stores in particular are popping up more and more which is a sure sign that people are doing well in the model.  Also becoming more and more prominent are Bulk Barns, Party Max, and 7-11 stores. These retail chains all advertise on the internet to find applicants, and in their brochures they stress quality of life and employment for the whole family. The 7/11 store owner program in particular makes it very easy to manage this complicated retail venue by providing  daily, weekly and monthly checklists to follow and phone numbers to call for further guidance.

Become a Compact Refreshment Centre Operator

Compact Refreshment CenterYou’ve seen vending machines that are absolute life savers for hungry people waiting in hospitals, automotive repair centers, airports and shopping malls, have you ever wondered what it might be like to own such a machine? or ten? or two hundred?  Anywhere there’s a safe, sizable, reputable waiting room you’re sure to find a vending machine filled with tasty snacks.  Depending on the branding and the products inside, stocking that machine could be a family business.
The Compact Refreshment Centre vending machine doesn’t look like the big bulky combo snack and drink machines that you usually see. It has been designed to be small and attractive (with no advertising or logos), and fits into almost any office environment.
Families that stock their own compact refreshment centers and who work together every day, enjoy great lives together with lots of personal freedom. They only have to work a few hours a day, and because they work with each other they feel more connected to their families than any of their neighbors do, because of their shared responsibility and social interaction within their circle, sharing their circle’s perspective with the community at large
compact refreshment center family with PepsiThe Compact Refreshment Centre program offers a sensible way to start and grow a business that yourself and your family can enjoy for future decades. Becoming a successful Compact Refreshment Centre Operator will change your life and bring a mental, physical and financial security to decisions – it fuels bigger and even more lucrative daydreams
There are lots of jobs for family members of all ages in a CRC venture, including accounting, buying food (dry goods to stick the machine), the labour of stocking machines, collecting the coins, and sorting the coins and then rolling them up for the bank are all jobs for eager teenagers.  The term “Familypreneuring” has been recently popularized by John and Michelle Humphrey of Familyprenuering.com. Based out of San Diego, CA. the couple have created a webinar and ebook on the subject.

Open a Frozen Yogurt Franchise!

Frozen Yogurt is a dessert made with yogurt and sometimes other dairy products. It’s more tart than ice cream, and is lower in fat content. For whatever reason, North America’s hunger for frozen yogurt has become insatiable, and stores that specialize in serving this food stuff have become very popular in the 21st century shopping mall-scape.
Buying such a franchise, although it does have some seasonal limitations depending on the location, can be a very profitable venture over the long term, simply because the ingredients are so cheap to procure and customer satisfaction is so high. The staff requires very little training, and the stores tend to become social hang-outs for teens with lots of money to spend on other things. And because frozen yogurt products taste delicious. they can become synonymous with ‘good times’ forming very positive brand experiences. The restaurants there’s always a job for everyone in the family; even the youngest children can distribute flyers, prep vegetables and wash kitchen equipment.

Buy a Food Delivery Franchise

Organic food delivery business
In the shadow of bio engineered food, plague and pestilence, the Canadian organic food industry has grown at a rate of 300% since 2006, making it one of the fastest growing segments of the economy. As more people become aware of the dangers of conventional farming practices, the demand for access to clean, safe, chemical free food has absolutely exploded.
A rapidly expanding service sector in the internet age is the grocery delivery business. Lots of consumers find it ultra convenient to be able to go online and customize a grocery order for immediate delivery rather than take two or three hours to go there themselves.

Organic’s Live is an organic food delivery business that was founded by a group of concerned dads who believe communities can eat good food that has been produced with environmental, health and economic stewardship at the fore. They market food that has been grown free of chemicals and in harmony with its surroundings. There are several food delivery food franchises businesses to choose from, but the demand for organic food is higher because obtaining certified organic commodities is usually only possible at organic markets or at traveling farmers’ markets which are hard for working parents to find and effectively access.

Start a Niche Service Business

molly maid franchise logoIf you walk through any residential neighborhood in any city in Canada during business hours, you will spot many different service businesses at work in other people’s homes.  There are various trucks painted different colours with ladders, tools and machines doing eavestrough cleaning, driveway sealing, snow removal, grass cutting etc and these are some of the less imaginative examples. Many different types of  cleaning businesses are available as franchises now, and people specialize in cleaning ventilation ducts, carpets, drains, vegetation, pools … An office cleaning business may not be exactly glamorous, but it can be very profitable.
This quote is from a testimonials on the Molly Maid website’s franchise page“As my children were growing older, I felt it was time to return to the work force. I wasn’t interested in working for someone else, so I started looking at the possibilities of buying a Franchise. I wasn’t interested in working evenings and weekends, and wanted something I could operate out of my house.”
This above quote reads like a textbook example of a familypreneur at the starting point, making a decision to put the people they love foremost in their lives while they work for success.
These are the Top Five Franchises for Familypreneurs and although they are all very different, they are all rather similar in one respect: the founders don’t necessarily want to get rich, but rather they just want to be their own bosses, and savor the thrill of making it, or breaking it in the real world alongside their families, working in business as a team.

Five Reasons To Plant a Fruit Tree With Your Family

There are probably a hundred or more good reasons to plant a fruit tree with your family, here are five.  Familial aspects aside, all of this falls into a greater green world order and general coming-of-age by an environmentally apologetic humanity.  The greenest people of earth are the children; they’re part of a hyper carbon conscious future that embraces Garden City Transformations.  Kids know that fruit trees are one of six Elements Needed to Make a Garden City in Toronto and elsewhere, in every metropolitan center, in every country, in every continent all over the world.

kid_fruit_tree1Planting fruit trees in a big city is sometimes restricted by municipal bylaws. The city doesn’t plant apples, pears or cherries by choice, and property developers are restricted from planting them by city ordinances for a whole lot of reasons; maintenance and liability are the predominant arguments against city planners planting fruit bearing species along streets and sidewalks.  Homeowners can plant anything they want in their backyards however, and can obtain fruit trees in nurseries here in Canada, and in Ontario and those include Henry Fields Nurseries and Sheridan Nurseries, neither of which specialize in any particular fruit tree varietals (like most nurseries in Europe do) nor will they deliver to your residential property.

One of the secrets of planting trees in the city is to also buy a big bag of soil and make a burm around the seedling. This helps the small tree survive the heat of summer and the cold of winter. Professional tree planters dig a deep hole and then fill it with black garden earth from vegetable composting programs and then put the original soil back on top. In Toronto you can buy a big bag of soil from Weedaway for about $120, and have it delivered right to your home.

Five Reasons to Plant a Fruit Tree with a Young Family

1.  The fruit tree will grow as your family grows and the memory of planting the tree becomes a powerful growth myth that will be part of each child’s psyche – the memory of planting the tree becomes synonymous with making an investment and nurturing growth and performing small physical improvements over time. The tree can be sourced locally or bought from an online vendor that will deliver in Europe and the USA, but no such businesses exist in Canada.

2. The fruit tree is handy biological reference to study and explain, and it can take on the characteristics of a pet with almost no maintenance or additional expense of keeping an animal – so its the perfect family member.  The tree’s first blossoms make it easier to talk about nature’s many and various reproductive systems. Registering the tree, means the kids can volunteer later on at charities that visit private homes and tour city parks picking fruit for charity driven gourmet baking initiatives and wildscaping programs. Los Angeles has a fruit picking outreach program for kids called Fallen Fruit, and Portland Oregon has an apple tree harvesting program for their inner city youth that is famous because it at has been featured in motion pictures.

apple press is fun exercise for kids3. The fruit tree is part of the fabric of nature and has lovely blossoms in the spring that attract buzzing pollinators and floral photographers. A fruit tree  in the springtime is a lovely photo backdrop and the fertility metaphor is a subtle and strong reminder of the promise of prosperity.

4. A  fruit tree attracts cool wildlife and colourful birds. A robust apple tree will bring deer out of the woods, and cherry trees attract squirrels and other storyfull rouges. This is good for kids as animals sell adventure- good for adults as sophisticated songbirds serenade our souls.

5. You can make fruit juice with family members many years later, maybe your grandchildren.    Juicing is great way to get vitamin C into a child’s body, and most kids LOVE IT.  Fresh juice is amazingly more healthy than canned juice and way more fun- it can be frozen into ice cubes and kept as treats for rainy days and they won’t even know it’s good for them. But more importantly its the activity as a unique and productive exercise that they remember all their lives.

Picking the fruit and making juice completes the investment metaphor. Kids doing work under the tree completes the life metaphor. Watching kids work with specialized equipment is a concept for a new TV series.  Kids making fresh juice in the backyard is pure fun and drinking that juice is one of life’s greatest rewards.

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How to financially support your child’s cost of living while attending University

Saving for your kids education

With tuition fees alone for a three-year undergraduate course expected to reach £24,000 or more in the UK ($30,000 – $75,000 or more in Canada and the US) the cost of a university education for many may prove suffocating without some kind of financial aid provided by us as parents.

Tuition fees are only the tip of the iceberg for many undergraduate students. There’s also the not so small matter of accommodation and living costs to pay for. Student loans and grants are obtainable for students who qualify, but those who don’t are almost certainly going to require some form of financial supplement from the ‘Bank of Mom and Dad’!

Most parents are keen to help pay some of these costs but unless you have stored up plenty of savings over a number of years it can prove difficult to pay off large chunks of a tuition fee loan. It will leave students with crushing debts that may take many years to pay off.

A key component to avoiding debt is budgeting. Students and parents should make a detailed budget at the beginning of each school year. Figure out what money you have and when it’s available, rather than in February when you realize you’re out of money and then you have to scramble to go out and get a job and work 20 hours a week just to make ends meet. Financial worries can pile up and become extreme sources of stress at the very time you’re staring down at exams and midterm papers become due. Working between six and 10 hours a week really doesn’t have a negative impact on students scholastically, but when you are putting in too many hours, your studies and your success at school will suffer. Working just 6 – 10 hours per week tends to force you to become more organized and that will help a student across the board.

Credit cards are one of the easiest methods of accumulating unnecessary debt, and we caution students to consider the ease of accessing credit wisely, especially new students who are unfamiliar with the credit system.

If you are looking for creative ways to support your kids without the fear of accumulating unwanted or unneccessary debt, one of the best ways to supplement your child’s financial position at university is to give them a helping hand with their weekly spend on groceries, incidentals, utilities and occasional socializing. Giving them cash can lead to poor financial management, accumulation of unpaid bills and the inevitable ask for more. Giving credit cards can expose you and your kid to wanted financial liability. There is something in between.

One of the best ways to help your child become more financially responsible and manage their money more effectively while attending university is to provide them with a pre-paid credit card. The premise of a pre-paid card is that you simply load the funds you want to spend and once it’s gone, it’s gone! As one of the fastest growing consumer trends in the UK, prepaid cards are a fantastic money management tool with many other added features and benefits. Prepaid cards such as the Pockit MasterCard® a do not have an overdraft or credit facility attached, effectively reducing the risk of accruing unwanted debt. As a parent this could allow you to come to an arrangement with your son or daughter to provide them with a predefined amount of funds each week or month, giving them the responsibility to manage their money without the threat of going into debt or unlimited liability.

Better still, cards such as the Pockit MasterCard® are accepted anywhere you can use a MasterCard – that’s over 30 million locations worldwide – giving your child the convenience of a debit or credit card without the risk of being buried in reckless debt. With power and freedom comes great responsibility, but it also comes with a host of additional exclusive offers on utilities, car insurance, impromptu days out and more. Offers vary by provider and geographic location.

University is meant to be some of the best times in your kid’s life. Save as much as you can now to prepare for their future and when the time comes, consider a prepaid mastercard to cover some of the smaller stuff. Allow them to focus on school instead of worrying about bills with the piece of mind and financial security offered by a well thought out education savings plan.

Surviving college or university without incurring debt may seem impossible to most of us, but it can be done. Murray Baker graduated from the University of Western Ontario without a cent of debt. He wrote the book on it. Murray is the author of The Debt-Free Graduate: How to Survive College or University Without Going Broke, a comprehensive and amusing guide to minimizing post secondary debt.

Murray says that the best strategies for surviving postsecondary education without an avalanche of debt are preparation and knowing your resources. He has brought many of his useful tips and strategies to the Web via The Debt-Free Guide and an array of Financial Planning Tools which he developed in partnership with Human Resources and Development Canada. All designed to assist students and parents with planning their post secondary education.

 

 

Six Reasons Dads Should Attend Word11

Blogging has grown up since the early days of the internet, but it has never ceased being part of a larger conversation. Unfortunately, most of this conversation can be found on, well, blogs.

Word11 wants to show bloggers how much they can learn from the plain old art of conversation. As the world’s first 24-hour blogging event, it has combined keynote speakers with tons of opportunities for informal discussion.

Here’s 6 reasons why dad bloggers should attend the event:

1) Open to veterans and newcomers alikeWord11

You won’t have to be an expert in social media to find a worthwhile conversation at Word11. There’s over 37,000 bloggers in Toronto, so there’s a good chance you’ll find someone with similar interests. Or maybe you’re looking for an expert. In that case, you might find them here.

2) Relaxed, informal setting

Word11 understands that some bloggers already have jobs and don’t want to engage in the tedium of “networking.” The 24-hour nature of the event encourages attendees to mingle freely and even let their conversations spill into the neighbouring areas of downtown Toronto. Oh, and you can bet there’ll be a trending topic on Twitter to discuss all of the ongoing meetups.

3) Presentation streams

The conference has been divided into three “streams” to better accommodate attendees. Each stream is targetted toward bloggers with different levels of experience, from complete novices to seasoned veterans.

The biggest strength of streams is that they place you with similar people, making conversations much easier to start. Sure you’ll hear from 13 high profile bloggers, but insight from a person in a similar situation can be even more valuable.

4) Accommodating schedule

Word11 is a 24-hour event, so you can expect things to be happening at all points in the day. Even if you come late, Word11 is hosting an all-nighter, which they can only describe as an “outdoor campground for bloggers.” For your convenience, the event is taking place on a Saturday.

5) It’s easy to find out who’s going

Chances are most people attending this event will broadcast that fact on their different social networks. If your favourite blogger isn’t going, use the event as an excuse to meet them! There’s also a chance Word11 will publish the registration list, showing who is confirmed guest.

 

6) Convenient location (downtown Toronto)

Word11 is being hosted at two venues in downtown Toronto: one in the morning and one in the evening. Fortunately, both are within walking distance of each other and are easily accessible by public transit. For anyone driving, there are ample parking spots near both venues.

Word11’s mix of formal speakers and informal discussions is set to make the event a valuable learning experience for all bloggers. So call up your babysitter and tell your kids you’re headed for a day of personal enrichment!

For those interested, here’s a handy itinerary of the event:

http://word11.com/itinerary/

 

How to save money when having a baby…

bring home the baby without bringing down the house

Bring home the baby without bringing down the house…

Saving Money on Baby

Having children can be expensive. When you’re just starting out with a baby, it can be easy to spend hundreds, if not thousands, of dollars on new baby gear, clothing, diapers and other necessities. Fortunately, there are many ways to save money with a little planning. I am expecting my first baby in December, and I have already acquired two car seats, a crib, a swing, clothing, pregnancy books, and more without having spent any money. Here are some of the ways I did it, as well as a few other tips for how to save money when you have a baby:

Get it for Free

Of course, this is what we’d all like to do. Fortunately, when you have a new baby, there are many ways to get items for free. Take advantage of all the inevitable offers you will get for hand-me-downs from friends and family members. You can upfit the items by giving them a good wash, paint where needed, or add new embellishments. Many times, you won’t have to do anything since the items will be in such good condition. Another option for finding free goods is to look at Freecycle, an online recycling community in which members give away unwanted or unused household goods. You can even post “wanted” ads. Another Excellent Option is to download the Bunz App and find stuff you can trade for. It’s a cashless economy but you can trade your stuff for other people’s stuff or trade it for Btz coins that are good for anything in the Bunz community on Facebook and beyond.

Buy Used

Goodwill, Craigslist, Kijiji, thrift shops, and yard sales are great places to find items for babies and young children. Children outgrow their things so quickly that parents don’t have much else to do with them besides give them away. Items will still be in good condition, and most likely not more than a few years old (meaning that some trends may still be holding up). The best part is that you’ll get items at a fraction of the cost.

Use Cloth Diapers

They are a bit more expensive on the front end – materials cost more and you have to buy pails and cleaners – but they will cost far less than disposable diapers in the long run. Disposable diapers will have to be changed more times than you think possible in a day, and you’ll end up spending hundreds in a few short months. Cloth diapers are no more messy than disposable diapers; they just require more upkeep.

Breastfeed

It’s better for your baby, and it costs far less than formula. In fact, it costs nothing. (Obviously, you dads can’t breastfeed, but you can encourage your partners to do so.) Formula can also cost hundreds or thousands of dollars over a short period of time, and it contains chemicals and additives that can be harmful to your baby. Breastfeeding is free (unless you need to buy a breast pump to go back to work), and it allows you to be sure of what you’re feeding your baby.

Coupons

Many, many companies offer coupons, discounts, and other deals to new parents. Take advantage of these deals, and sign up for newsletters or other e-mail clubs, which can entitle you to exclusive savings and giveaways. Sign up for the major daily deal providers like Groupon, Dealicious, DealFind, WebPiggy and EthicalDeals. There’s no shame in getting something for half price, especially when you were going to buy it anyway.

Get Crafty

Finally, many costly baby items such as custom clothing or décor can be made if you have a little imagination and some crafty skills. Even if you are a relative beginner, you can modify or upfit items to your liking: add applique to onesies for cute customs, paint furniture for your own unique look, or make your own wall hanging with cloth or construction paper. If you really don’t know where to start, look for tutorials online or in craft books.

What other ways have you found to save money when welcoming a new baby?

Have any of these tips worked for you?

Send us your money saving tips and we just might publish them here on HeadsUpDad.

Maria Rainier is a freelance writer and blogger for First in Education where she’s recently written about material scientist careers along with a guide to online electronics technology programs. In her spare time, she enjoys yoga, traveling, and working with origami.

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Environmental Consciousness and Bargain Shopping: Intertwined

A marriage of eco and commerce?? or just a more ethical way of doing business?

We’ve all heard of Groupon, LivingSocial, Dealicious, Dealfind, Webpiggy, and a host of other deal of the day sites promising terrific savings on restaurants, botox injections and hair removal, but have you heard of ethicalDeal? (affiliate link)

  • Do you think that going green is too expensive?
  • Don’t know where to find green products/services?
  • Not sure what green products/services to trust?

Those of you who are fond of the environment and looking for a good deal are going to love this.

Annalea Krebs has created an innovative Canadian company based out of Vancouver that uses the group buying model to introduce people to “green” alternatives in Toronto and Vancouver (with great aspirations to conquer North America and beyond)—making it easy for people to discover and save on everything “green” their city.

Prior to founding ethicalDeal, Annalea managed sales, marketing and community relations for various social enterprises and green businesses including: TheChange.com, Values-Based Business Network, Organic Islands Festival & Sustainability Expo and the Canadian Social Entrepreneurship Foundation.

EthicalDeal makes it easy to go green by finding local companies that offer eco-friendly products/services, ensure they meet some pretty tough standards, and then use the collective buying power of thousands of members to get you exclusive discounts on the best green stuff your city has to offer.

Part green city guide, part green deal site, part green action network … ethicalDeal helps you discover the best green stuff to do, see and buy in your city, at exclusive discounts, through the power of group buying!

The beautiful thing is, that you personally can help advance the environmental and sustainability movement across North America and while you are at it, get an awesome deal!