FOR IMMEDIATE RELEASE Contact:
Cynthia Lucenius-Schick
(908) 303-9099
TES/BAI Align to Award The First Multi-Unit Co-Branded Franchise
Southbury, CT - March 5, 2007 - In a continuing effort to offer a one-stop/one source
center for entrepreneurs, The Entrepreneur's Source® (TES) and Business
Adviser's InternationalSM (BAI) have awarded their first multi-unit, co-branded
franchise, expanding services in the Virginia market. As market leaders in the coaching
and business advisory industry, this alliance offers a complementary blend of career
coaching services from TES and business advisory services from BAI. "The market
is ripe for coaching and advisory services that offer support in both identifying
the right business opportunity and then partnering with the business owner to ensure
its success," says Terry Powell, CEO of TES and BAI. "Small and medium
size businesses will also benefit from these expanding services," he added.
"As a TES coach, I saw the need to provide continuing assistance to start-ups
companies wanting to ramp up quickly and produce results," states Mike Byrne,
president of the new Venture Consulting Inc. "There are many threats to small
and midsize companies, and with the BAI AdviCoach® Advantage system, we are
extensively trained to help manage these threats and turn them into profits for
our clients. In response to this market need, I decided to form a coaching firm
that incorporated the services of both TES and BAI." he added.
"I applaud Mike Byrne for his insight to build out his consulting practice
with a staff of professionals leveraging off the multi-unit franchise," says
Powell. "This business model will allow him to penetrate the market faster
and keep his business on the right path for growth," he added.
According to a Business Industry Consulting report dated November 2006, TES/BAI
dominates the market with a 33% share of the coaching and consulting industry market.
U.S. Bureau of Labor Statistics 2005 research shows that, across all sectors, 45%
percent of new independent business failures happen within 2 years of opening. The
AdviCoach Advantage system combines both the supportive and educational processes
creating a win/win for its client. According to a Right Management Consultants survey,
about 47% of organizations surveyed see coaching as essential to their decision-making.
About The Entrepreneur's Source
The Entrepreneur's Source (TES) is North America'leading career and business
coaching company with more than 250 offices in the United States and Canada. TES
offers a full range of services to individuals seeking alternate career options
and to small-to-medium size companies looking to increase performance. The goal
of The Entrepreneur's Source is to partner with both individuals and companies
to achieve their desired outcome. TES was recently ranked in the Franchise 500 by
Entrepreneur Magazine.
About Business Advisers International
Business Advisers International (BAI) is the premiere source for business coaching
and advisory services customized for small to midsize businesses. With its unique
AdviCoach Advantage system, BAI provides relationship-based coaching backed by a
team of professionals who can provide Rapid Impact Solutions to its clients. BAI
was recently ranked in the Top 100 new franchises by Franchise Market Magazine and
in the Franchise 500 by Entrepreneur Magazine
Click here
for more information on the Entrepreneur's Source Franchise
Click here for more information on Business Advisers International
