Summary: <p>Pamela Labelle is the Founder and President of the Business Exchange a company she started 22 years ago. She loves helping people grow their businesses and expand their franchise systems. As an industry expert, she has spent the majority of her career in the business brokerage and the franchise industry. She has extensive knowledge in areas such as driving attendees to franchise events, assisting in strategic franchise recruitment and helping both business brokers and franchisors sell their resales. Here are some insights she will be sharing:</p> <p> </p> <ul> <li>If looking to start or buy a business you need to identify what you are most passionate about. Working as an entrepreneur is a like a never ending workout, so it would be critical to be passionate about what you are doing. </li> <li>Entrepreneurial Opportunities sometimes present themselves and you have no choice but to Bootstrap it with no experience. </li> <li>Always finding a unique solution to a problem that the world needs creates success in your business.</li> <li>When starting out any endeavour, you need to understand how to manage the necessary component of cash flow which is the primary reason why many entrepreneurs fail. </li> <li>Pam’s battle and victory over breast cancer has helped her during adversity and transcended into her life as an entrepreneur. Her best advice is to always live in gratitude and to feel lucky for what you have.</li> <li>Always focus and connect with your strengths and transfer that energy to capitalize on your business.</li> <li>When seeking a franchise business broker find someone who specializes in the industry you are interested in.</li> <li>A franchise model would be a great start for all immigrants or anyone that is not familiar with opening a business in Canada. This expedites the process to opening your own business through Franchisors experiences. </li> <li>When venturing out in any entrepreneurial endeavour, always do your due diligence and research on what the market and business needs to sustain and thrive. </li> </ul> <p> </p> <p> </p>
