This is How So Many Business Owners Learned to Use AI for Automation

This is How So Many Business Owners Learned to Use AI for Automation


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

AI tools are rapidly changing how businesses across industries operate. Whether you’re a business owner juggling a dozen responsibilities, a marketer trying to stay relevant, or a team lead looking for an edge, mastering tools like ChatGPT and automation is an essential skill.

The ChatGPT & Automation E-Degree Bundle can seriously help you amp up that skillset, and it’s only $29.99 (reg. $790).

Automate repetitive tasks with AI

This online learning bundle includes 12 courses and 25+ hours of content that break down everything from the basics of ChatGPT to real-world applications of over 20 top AI tools. You’ll learn how to customize and use AI to streamline business tasks, automate repetitive processes, improve team communication, and boost your productivity without needing to be a developer.

Courses cover a range of in-demand topics like data visualization, AI-enhanced creativity, automated marketing, chatbot design, and business process optimization. Instead of general concepts, the content focuses on how to apply AI in everyday work scenarios. Think: writing better proposals, creating engaging content faster, or building smart workflows that free up your time.

And if you’ve ever been overwhelmed by the number of new tools out there, this bundle is a curated introduction to what’s actually useful and how to use it without drowning in tutorials or tech jargon. It’s beginner-friendly, available 24/7, and optimized for desktop or mobile.

You’ll also walk away with a Certificate of Completion, which is great for your resume, portfolio, or just letting clients know you’re not winging it.

Why this deal is worth it

At just $29.99, you’re getting lifetime access to a course bundle originally priced at $790. That’s a serious return on investment for professionals who want to future-proof their skills and stay ahead of the curve. With practical lessons, expert instruction, and no subscriptions or surprise fees, this deal delivers real value for anyone ready to embrace the AI-powered workplace. It’s not just about learning how to use AI; it’s about using it to work smarter.

It’s only $29.99 to get the ChatGPT and Automation E-Degree.

ChatGPT & Automation E-Degree – $29.99

See Deal

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5 Reasons Businesses Should Track Consumer Spending Habits

5 Reasons Businesses Should Track Consumer Spending Habits


Opinions expressed by Entrepreneur contributors are their own.

Consumer spending is one of the most important metrics for any industry — yet all too often, businesses fail to track it effectively. But understanding how your target audience is spending their money and why can be critical for your business planning and activities.

Tracking consumer spending habits can provide a wide range of critical insights that will enable you to increase your own profit margins and ensure that your brand is positioned to best appeal to its audience.

Related: How to Grow Your Business When Customer Behaviors Change

1. Understand customer preferences

At the foundational level, tracking consumer spending is essential if you wish to have a better understanding of your customers’ shopping preferences and behaviors. What is the average number of items customers purchase in a single transaction? What is the average value of each order? What products are bought together?

Consistently analyzing these and other spending trends among your customer base can help you identify more effective strategies for marketing, such as offering complementary products.

Amazon is perhaps the ultimate case study of leveraging consumer spending habits to fully understand — and capitalize on — customer preferences. The company’s algorithms notably draw on data points like the products a customer has purchased and rated, and then use that information to recommend similar or complementary products. By leveraging data to gain an in-depth understanding of customer preferences, Amazon has become the retail giant it is today.

2. Personalize your marketing

Tracking customer spending habits can be a valuable resource for personalizing your marketing efforts. The rise of generative AI, in particular, is believed to have significant potential in streamlining marketing personalization for brands big and small — but for this personalization to be effective, you need to supply it with good data.

Tracking individual customer spending helps you identify what types of products a particular customer likes and which related products or services would be the most appealing to them. According to McKinsey, 71% of customers now expect personalized interactions based on this type of information — and even more telling, 76% are disappointed when they don’t get it.

Tracking spending provides the information you need to ensure personalized messaging hits the mark. In fact, 70% of companies with an advanced personalization strategy report a return on investment of 200% or more.

Related: 3 Ways to Personalize Your Marketing for Higher Engagement

3. Predict and prepare for market trends

In addition to improving marketing outcomes on an individual level, looking at the big picture of customer spending can also help your business prepare for and adapt to wider market trends.

For example, according to research conducted by Faye, the top travel trends that Americans plan to spend money on in 2025 include solo traveling (26%), “low season” or off-peak travel (24%), destination “dupes” that are similar to but cheaper than larger tourist destinations (20%) and sports tourism (15%).

For Faye, as a travel-related business, understanding how customers plan to spend money regarding their travel plans can provide critical information that can then influence marketing plans and timed service offerings. In any industry, becoming more aware of wider market trends is critical for staying ahead of competitors and avoiding major downturns.

4. Improve your products or services

Customer feedback is one of the best ways that businesses can get insights into how their target audience views their products or services. While customers may sometimes be willing to write a review or contact customer support, their spending data can also give your team crucial insights into the appeal and viability of a particular product or service.

For example, you might discover that a product that was once a major sales driver for your brand has seen significant declines over time. This data doesn’t exist in a vacuum — it could stem from seasonal or macroeconomic trends. But it could also serve as an indicator that your competitors have begun to offer something more appealing.

Tracking customer spending can become an important first step in identifying when there is a need (or opportunity) to make adjustments and improvements to your existing products and services.

5. Improve retention rates

It’s one of the most commonly repeated data points in all of business — increasing customer retention by just 5% can increase your company’s profits by 25% to 95%. This is largely because it can cost five to 25 times more to acquire a new customer than to retain an existing customer.

Each of the previously mentioned reasons to track customer spending will have a significant impact on your customer retention rates. By better understanding overarching preferences, personalizing marketing to individual customers, gaining insights into market trends and optimizing your products, you create an environment where customers are more likely to stick with you in the long run.

As you make the most of spending insights to optimize your operations and increase your efficiency, you’ll improve customer satisfaction and retention, which will also give your profit margin a much-needed boost.

Related: 3 Pillars of Client Retention Every Brand Needs to Implement

There are many ways you can gain greater insights into customer spending habits. Whether leveraging readily available data from your own website and sales platforms, conducting surveys of your target audience or utilizing third-party data, you can gain the necessary insights to adjust your operations and become more profitable. Making the necessary investments to better track and analyze customer spending will more than pay for itself in the long run.



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Boost Productivity With This Adjustable Stand With Port Hub for Just 0

Boost Productivity With This Adjustable Stand With Port Hub for Just $100


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

The biggest cost for businesses is labor, which accounts for around 70% of a company’s budget, according to data from business banking specialist North One. If you’re running everything alone or with a skeleton staff, then you need every tool that can help you save the most time, and the Adam Elements CASA HUB 360 8-in-1 Aluminum Foldable USB-C Hub Stand for laptops and tablets definitely qualifies. Best of all, you can get it for just $99.99, a 22% discount off the regular retail price of $129.

Entrepreneurs typically put in long hours, and this lightweight, all-aluminum stand is designed for optimal viewing and comfort, making it both functional and convenient. This allows you to work comfortably and productively for as long as you need to. The adjustable mechanism makes setup easy, requiring no tools. Rubber pads enhance the design to provide stability, along with braided cables and strengthened connectors, ensuring long-lasting durability.

An L-shaped nylon braided USB-C to USB-C cable is included to connect your device to the stand. You can also connect additional devices to the stand via its several integrated ports. These include two 3.2 Gen 1 5 Gbps USB-A ports, plus a USB-C Host port; a USB-C PD 3.0 port with 100W, 20V, and 5A; an HDMI port that supports up to 4K at 60Hz; and a 3.5mm audio jack for 32-bit stereo input and output at up to 384 kHz. Additional storage options include an SD 3.0 port and a microSD 3.0 port.

The wide range of adjustments means you’ll never worry about neck strain again while working or watching videos. In addition to work and entertainment, you’ll find this versatile stand ideal for writing, cooking, painting, and more. At 2″ x 11″ x 8″ and weighing just 36 oz, you can easily move it around to wherever it’s most convenient for you.

The Casa Hub works seamlessly with iPads and MacBook models M1, M2, M3, and M4. It’s also compatible with Windows and Chrome OS. A three-year manufacturer’s warranty covers the stand.

Get the Adam Elements CASA HUB 360 8-in-1 Aluminum Foldable USB-C Hub Stand for just $99.99, a 22% discount off the regular $129 retail price.

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Develop a Lifetime of New Skills for Only

Develop a Lifetime of New Skills for Only $20


Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Whether you obtained a college degree or not, training programs can be a great way to qualify for a new career or advance in the one you have. Best yet, developing new skills is now convenient and affordable. You can get lifetime access to EDU Unlimited by StackSkills for just $19.97 while the price has dropped from the regular $49.99 sale price.

StackSkills is the premier online platform offering the most in-demand skills today and this exclusive limited-time promotion provides lifetime access to more than 1,000 pre-selected StackSkills courses. Elite, highly rated expert instructors share important lessons learned from both their successes and failures.

From iOS development to growth hacking, blockchain, more than 350 of the web’s best teachers cover skills of all levels, beginner to advanced. New courses are added every month, so you can choose from business, finance, marketing, IT, graphic design and so much more. Course certifications and premium customer support are included.

There’s no longer any need to add another commute to your day, squeeze in classes at inconvenient times or take classes you don’t want or need. Whether you’re a professional, freelancer, parent or student, you’ll love the flexibility of being able to train at your own pace and focus on just the specific skills you need to develop.

Best of all, you get an entire lifetime of education at one extremely budget-friendly price. No college or individual online courses are anywhere nearly as affordable and a variety of courses remain available even if your needs change over the years.

It’s no wonder StackSkills has an impressive Trustpilot rating of 4.6 stars out of 5. As PCWorld noted:

“StackSkills Unlimited gives you a lifetime of professional training for one low price.”

Get lifetime access to EDU Unlimited by StackSkills while the price has dropped to $19.97 until April 27.

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This Is the One Question AI Can’t Answer For You

This Is the One Question AI Can’t Answer For You


Opinions expressed by Entrepreneur contributors are their own.

We live in a time of answers. Type your question into a search engine or AI chatbot and you’ll receive an instant, logical, high-quality response. But there is one question no technology can answer for you: What is the meaning of life? And the answer, oddly enough, is simple. I once saw it on a postcard in a café in Kathmandu: The meaning of life is whatever you want it to be.

Since then, I’ve dedicated myself to unpacking the science of meaning — trying to understand where it truly comes from. Is it flow state? Well-being? Habits? Goals? Failure? Resilience? Fun?

What do we regret most?

Maybe a better starting point is to ask: What compromises meaning?

In the book Top 5 Regrets of the Dying, palliative nurse Bronnie Ware captures the reflections of people in their final days — when the truth can no longer be hidden. The top regrets:

  1. I wish I’d had the courage to live a life true to myself, not the life others expected of me.
  2. I wish I hadn’t worked so hard.
  3. I wish I’d had the courage to express my feelings.
  4. I wish I had stayed in touch with my friends.
  5. I wish I had let myself be happier.

Regret, I believe, lives at one end of an emotional spectrum. At the other end is fulfillment — the sense that life is meaningful, resonant and coherent. Regret is pain from the past, reheated for the present. To reduce it, can we outsource work, courage and happiness to AI?

Related: 9 Tips for Finding Your Life Purpose

Will abundance lead to emptiness?

Can AI and robotics automate the mundane so that hard work becomes optional? Elon Musk thinks so. He predicts that our future challenge won’t be productivity, but human fulfillment. Without adversity and longing, will an abundance of everything drive us into emotional collapse — or worse, trap us in echo chambers of narcissistic pleasure, the stars of our own digital realities?

Or will we do what humans always do — manufacture challenge, strive, compete and dream big? Even if we’re monkeys in glass cages, under the watchful gaze of a superintelligent “god” that punishes misbehavior, rewards effort and medicates us with algorithmic precision? Well, many of us do like rules and boundaries. Would I prefer an AI overlord to flawed human governance? Maybe. Could AI usher in a great reset, reallocating wealth and distributing resources more efficiently? Quite possibly. Will it honor merit — or invite, even compel, everyone to contribute meaningfully? (I asked ChatGPT, which answered that compulsion would only be required if we face existential threats.)

What makes the journey worthwhile?

Whatever the future holds, the central challenge remains: making the journey feel worthwhile. Ensuring what we do matters — if only to ourselves.

For much of history, religion, kings, nations, communities and families prescribed our values. There was no need to ask deep questions, especially when the primary value was survival. But now we must ask questions like: What is important to me? What brings me fulfillment? What legacy do I want to leave?

Purpose can feel grandiose, but values are ingrained — often diffracted beneath the surface of our awareness, revealed in moments of stress or joy. When you clarify your values, you can begin to create your own spiritual practice.

How do you put values into practice?

Love fitness? Stretch at dawn, run at sunset and build your life around it. Value kindness? Serve others, act with compassion and volunteer weekly. Value peace? Meditate, teach yoga and campaign to end wars.

Living in alignment with your values creates meaning, especially when it’s hard. We need resistance. We need positive stress. Nothing is more satisfying than seeing how far we’ve come: how we now handle pressure better than a younger version of ourselves, or how we’ve restored balance after chaos and disruption.

In my workshops, I ask people what they’re most proud of achieving in the past year. The answers are never about ease. They’re about resilience — overcoming illness, supporting loved ones, pushing through stretch goals or simply refusing to give up.

What is the hero’s journey today?

We don’t have to be perfect. But we do need to try, fail and try again. That’s the hero’s journey: leave the comfort zone, gather allies, gain skills, get knocked down and rise again. We conquer the dragon and return home changed. That journey is what creates meaning.

AI can’t give us that. It can be a tool, but we still need mastery, growth, community and courage.

Yes, some may get left behind — immersed in virtual realities, fed by robots, existing in gamified, plasma dreams. A real-life Matrix. But there’s another possibility: We define our values, and AI helps us find challenges where we can still make a difference. It suggests allies. It nudges us toward purpose. And like any good guide, it lets us stumble.

Related: Want to Find Your Purpose? Stop Looking for It. Start Living With It.

Where do we begin?

We do something worthwhile — whether it’s achieving a goal, being of service or loving someone.

We work less. We live authentically. We stay connected to friends. We speak our truth. We allow happiness, but it starts with values. Because if you don’t choose them consciously, you’ll absorb them unconsciously, whether it’s from consumer culture, influencers or convenience — and you’ll feel empty.

So, unearth your values. Practice them. Build resilience. Dream big. Aim for the stars — and with the help of superintelligence, you just might get there.



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Microsoft Surface Ad Is AI-Generated, No One Picked Up On It

Microsoft Surface Ad Is AI-Generated, No One Picked Up On It


Microsoft released a 56-second ad for the Surface laptop on January 30, and no one realized that it was partially AI-generated until Microsoft disclosed it on Wednesday.

The ad shows different people typing away on a Surface laptop in various locations. It emphasizes the Surface laptop’s standout features, like its touchscreen and battery life.

In the close to three months since the ad’s release, no one has picked up on its AI-generated roots, per The Verge. The ad has over 46,000 views on YouTube, and none of the top comments suspect that the ad was partly AI-generated.

According to a Microsoft Design blog post released Wednesday, Microsoft employees used generative AI tools to cut down the time and expense required to create the ad, putting it together in just a month.

“With a small budget and a tiny amount of time, we were able to accomplish in a month what would have traditionally required exponentially more resources,” Brian Townsend, visual designer on Microsoft’s Windows + Devices Visual Design team, stated in the blog post. “We probably saved 90% of the time and cost it would typically take.”

Related: Apple Issues Apology for iPad Pro ‘Crush!’ Ad and Pulls It from TV — Here’s Why

The team started the process by using unspecified AI tools to create a script, storyboards, and a pitch deck. AI helped expedite the process, allowing the team to get the materials ready in a matter of days instead of weeks.

The team then told an unnamed AI chatbot what they were looking for in the ad. They went through “thousands” of additional prompts to refine the AI output.

Because AI still has trouble generating details like human motion, the team decided to use some human-created shots to fill in the weaknesses of AI-generated shots. They determined that humans had to manually capture shots with “intricate movement,” like closeups of hands typing on keyboards, while AI generated quick cuts or shots with limited motion.

AI allowed the team to display different backgrounds in the ad without having to travel to the location. However, the team acknowledged in the blog post that from time to time, AI tools would experience hallucinations or generate inaccurate responses. When hallucinations arose, the team would manually fix “any unnatural elements” that popped up.

“However, as with all things created using AI, the occasional AI hallucination would rear its head,” the blog post stated. “To combat this, the team employed a blend of AI and traditional video production tools to meticulously compose frames and correct any unnatural elements.”

Related: Google Pulls Gemini AI Olympics Commercial After Backlash

Microsoft emphasized in the blog post that AI democratizes filmmaking and allows anyone to create their own ad or video.

“All it takes is imagination and the curiosity to explore the myriad of tools available,” the blog post reads.

Microsoft did not specify which AI tools they used to generate the ad, though the company’s own tool, Microsoft Copilot, is capable of creating a script, footage, and a video project from a single prompt.



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7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep


Opinions expressed by Entrepreneur contributors are their own.

Most entrepreneurs are still using AI like a sidekick, just scratching the surface with basic tools that save a few minutes here and there. But what if AI could run your business for you while you sleep? This isn’t about chatbots or rewriting blog posts. This is about building a lean, one-person business powered by automation, speed and strategy.

Inside this video, I’m revealing seven powerful AI tools from the “Black Book”— hand-picked for solo entrepreneurs who want to scale without a team and unlock true freedom.

  • Website conversion and sales amplifier: Discover a free Google AI tool that audits your site like a conversion expert, spotting costly mistakes and giving you data-backed recommendations to boost leads and sales (no coding required).
  • Hidden market insights at your fingertips: Uncover the AI research engine that reveals untapped market gaps and competitor weaknesses in seconds, without spending $200 per month on bloated SEO software.
  • No-code agent creation made simple: Learn how to build your own AI agents to automate client onboarding, handle admin tasks, and even make smart decisions — freeing up your time for growth and strategy.
  • Instant presentation builder: Turn any blog, transcript, or outline into a polished, professional deck in minutes—perfect for selling ideas, landing clients or creating lead magnets on autopilot.
  • Social media intelligence extractor: Access a pre-trained AI bot that scrapes platforms for viral trends, top-performing posts, and competitor engagement data, giving you a content edge without guesswork.
  • Data reporting on autopilot: Use the same AI analysis tool trusted by universities to transform raw numbers into smart, visual insights — ideal for optimizing campaigns, funnels, and offers.
  • The ultimate solo founder AI toolkit: Explore the “app store of AI” where you can clone voices, analyze sentiment, and plug into hundreds of advanced tools that extend what one person can achieve.

I’ll walk you through each tool step-by-step, no tech background needed. If you’re ready to build a high-performance business that works while you sleep, this video is your blueprint.

Download the free “AI Success Kit” (limited time only). And you’ll also get a free chapter from my brand new book, “The Wolf is at The Door – How to Survive and Thrive in an AI-Driven World.”



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This Quiet Shift Is Helping Founders Build Fierce Customer Loyalty

This Quiet Shift Is Helping Founders Build Fierce Customer Loyalty


Opinions expressed by Entrepreneur contributors are their own.

Earlier this year, I asked a flight attendant for an extra graham cracker. She came back with three. A small, inexpensive gesture for the airline, but one that stuck with me.

A few weeks later, at my local grocery store, I asked where to find Dijon mustard. Instead of pointing, the employee walked me to the aisle and helped me find the brand I wanted. (Okay, the brand my wife wanted. I’m a yellow mustard guy.) No checklist, no script — just a genuinely helpful human moment.

At a neighborhood body shop, the waiting room was stocked with snacks, drinks and a note on the wall: the owner’s personal cell number, with an invitation to call anytime with questions or concerns. Who does that?

These moments, across totally different industries, had one thing in common: they made me feel something. Valued. Seen. Cared for. That’s not service. That’s hospitality.

Service is what people get. Hospitality is how you make them feel.

As a hospitality speaker, I’ve seen it everywhere — businesses nailing service but missing hospitality. Service is the transaction. Hospitality is the connection.

I’ve checked into hotels where the front desk agent greeted me with overly rehearsed cheer that felt more like theater than welcome. I’ve flown airlines where crews chirp slogans like “You’re the reason we fly!” in the most robotic tone imaginable. And I’ve walked into quick-service restaurants and been greeted with “Next customer in line!”— when I was the only customer there.

That’s what happens when we confuse process with presence. You can check all the boxes and still make people feel like just another number.

True hospitality isn’t scripted. It’s empathetic. It’s human. It’s the difference between being served and being seen.

Related: How These Entrepreneurs Turned a Seasonal Venue Into a Nightlife Powerhouse

Hospitality isn’t industry-specific. It’s intent-specific.

Hospitality is a mindset. It applies whether you’re running a tech startup, a boutique, or a landscaping company.

On a recent cruise, our server didn’t just remember our names — he remembered our preferences, asked about our day, and even shared a little about himself. Every meal felt personal, like we were more than just table 12. That connection? It elevated the whole experience.

You don’t need to be loud or extroverted to deliver hospitality. Some of the most powerful connections I’ve felt came from people who were quiet but deeply present. It’s not about personality — it’s about intention.

The best businesses don’t just sell — they make you feel something

When I ran Edible Arrangements franchises, I thought we were in the fruit basket business. Turns out, we were in the joy delivery business. The moment I realized that, everything changed.

Drivers became ambassadors of celebration. They didn’t just hand over a product — they created an experience. They smiled, engaged and adapted to the moment. That energy mattered as much as the arrangement itself.

In-store, we trained our team to surprise and delight. A warm welcome. A helpful suggestion. Reassurance that this gift would land exactly the way the sender intended. Those were the magic moments people remembered — and returned for.

Related: Why Customer Service Is Your Get Out Of Jail Free Card For Business Success

Want to be memorable? Be more human.

People don’t stay loyal to brands. They stay loyal to how brands make them feel.

And here’s the best part: hospitality isn’t expensive. It doesn’t take flashy marketing or big budgets. It takes:

  • Hiring people who care
  • Empowering them to act on that care
  • Building a culture that rewards empathy and presence
  • Encouraging the small, unscalable touches that build loyalty

If you’re a business owner or leader, ask yourself: when was the last time a customer interaction made someone feel surprised — in a good way? When was the last time someone walked away smiling because of the way you engaged with them, not just what you sold them?

It’s not always easy — especially in busy environments. But the companies that do it well are the ones people remember. And return to.

So yes, I speak and write about this. I coach on it. But it’s not just because I love a good guest experience. It’s because I believe hospitality is the most scalable, transferable business skill we’re still underestimating.

Whatever industry you’re in, hospitality is your human edge. And in a world that increasingly feels automated, that edge matters more than ever.



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A 5 Step Guide to Smarter Business Growth

A 5 Step Guide to Smarter Business Growth


Opinions expressed by Entrepreneur contributors are their own.

As a responsible investor, you probably don’t put everything in a single investment vehicle but instead have a portfolio that balances risk and reward by drawing on a variety of sources. That’s the approach you should take when choosing companies to add to your business portfolio. But how do you choose? One of the core missions at my company, United Franchise Group (UFG), is acquiring businesses to invest in, and we’ve found the best course is to call on strengths that you can use in a new business.

In other words, buy what you know.

Properly managed, success breeds success. Once you’ve led one company to profitability and achieved other measures of good health, you’ll want to repeat the win. You will see new opportunities that can add more value to your company. Utilizing your strengths helps make it easier to succeed in a second or third business.

Related: Considering franchise ownership? Get started now to find your personalized list of franchises that match your lifestyle, interests and budget.

Diversify in category

Plan to create a diverse portfolio, but don’t stray from what has brought you here. Diversify within the category you’re succeeding in. For example, a successful restaurateur might want to look at other restaurants but avoid supermarkets. They’re both in the food sector but require a completely different set of skills.

At the same time, don’t buy another company that does exactly what you do. When excitement fades for that niche, your losses will run twice as deep. If you own a discount supermarket, for instance, consider a gourmet market.

Related: The One Factor the Top Franchises of 2025 Have in Common

Go with your gut — for now

Investment decisions always require objective, rational thinking, but it all starts with what your gut is telling you. When you visit other businesses as a customer, what impresses you? Let your gut drive this part of the process.

A business broker can also help you evaluate your options. Look for successful niches in your industry. For example, at UFG, restaurant investors could consider our Greek food and charcuterie franchise brands, which have caught the attention of food lovers seeking healthier choices or who want to add engaging ways to snack at celebrations. Real estate and business consulting services might consider investing in one of our coworking franchises, which continues to attract professionals seeking flexibility in their workspaces.

Related: After Decades of Hard Work, This Couple Is Living the Entrepreneurial Dream. Here’s How They Achieved Generational Wealth

Now go with your brain

Once you’ve picked the type of business, it’s time to let your brain take over for your gut. Seek expert help in evaluating the various aspects of the company you’re considering, such as financial health, customer demand and operational efficiency. If you have a corporate team, call on staff from the different areas you must evaluate, including sales, operations, management and accounting. Get to know the founders of the business you’re buying and decide if anyone will be staying after you acquire it. Ask lots of questions, and if you don’t feel right about the answers or, worse, catch a misleading statement, don’t be afraid to bow out.

A lot of this due diligence can be done for you if you invest in a franchise brand, which offers reliable systems and processes, brand recognition and, if you choose the right one, marketing and training support.

The synergy of member brands is a critical factor in franchising, but it should also be a top consideration if you choose to invest in independent brands. Consider whether your businesses can share resources. Do you want them to consult with each other or remain completely separate?

Related: 6 Intriguing Statistics About Women in the Franchising Industry

Lessons learned

In my 40 years of acquiring businesses for my company to invest in, here’s some of what I’ve learned about buying and selling brands in a portfolio:

  • Private equity has taken a dominant position in franchising. While it can be very good for some brands, it can be terrible for others. Go slowly here, especially if you are giving up a majority stake. Even a minority position can cause challenges. Talk to others who have done it before selling out.

It’s almost inevitable to have some regrets when making business decisions — mistakes are part of the journey. UFG has had some hurdles and challenges in buying or selling brands over the years, but we’ve always worked them out. Whatever happens, I always focus on the future and move forward — and you should, too.

Related: This Company Promised to Transform Drive-Thrus With AI — But the Secret Powering Its Tech? Humans.



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This Piece of Advice Keeps Setting Founders Up for Failure

This Piece of Advice Keeps Setting Founders Up for Failure


Opinions expressed by Entrepreneur contributors are their own.

There’s a piece of advice that’s been floating around startup circles for years. You’ve probably heard it: “Investors care more about your story than your numbers. Just sell the dream.”

Sometimes, it’s framed as motivational. Other times, it’s passed down from “advisors” who mean well but haven’t actually raised money themselves. Either way, it’s misleading — and for a lot of early-stage founders, it’s exactly what sinks their shot.

The truth? Most serious investors look at both. But if you walk into a room and can’t speak clearly about your numbers, that room closes up fast.

I’ve seen founders with big markets and great pitch decks get passed on, not because the idea wasn’t interesting, but because they couldn’t explain how the business worked underneath.

Related: How to Get Funding: The Dos and Don’ts of Raising Capital From Investors

You don’t need a finance degree, but you do need answers

Investors aren’t expecting perfect models. They know early-stage companies are messy. But they do want to see that you know where your money’s going, how it’s coming in and what your next dollar is supposed to do.

Can you explain your current burn rate? What’s your actual runway — meaning, not just “we raised $1M,” but how long that money lasts at your current pace? How much does it cost to acquire a customer, and are those customers sticking around?

You don’t need ten slides to answer those questions, but you do need to be ready for them. Because when you’re not, it sends a message: You’re still thinking like a product builder, not a company builder.

That’s the gap that kills a lot of deals.

The numbers don’t replace the story — they prove it

The “just focus on the vision” advice sounds good. It flatters the founder’s ego. It tells you your big idea is enough.

However, vision alone doesn’t raise rounds. Numbers give the vision weight. They show how the idea plays out in real-world behavior — what users are doing, how revenue is moving and how the operation scales.

It’s not about spreadsheets for their own sake. It’s about showing that you understand your business like an operator, not just a dreamer.

And the bar has gone up. In a 2023 DocSend report, investors spent the second-most time on the financials section of decks — right after team slides. In other words, once they know who’s behind the company, they want to know how the business actually works.

Being early doesn’t mean you get a pass

It’s easy to think, “We’re pre-revenue, so there’s not much to show yet.” But even pre-revenue businesses should be tracking something — user behavior, early conversion rates, retention from beta users or traction from waitlists. Something that proves demand and shows you’re paying attention to what matters.

Early doesn’t mean immature. In fact, the most investable early-stage teams are the ones that show signs of being operationally sharp from day one.

I’ve sat in meetings where founders with less revenue got further in conversations simply because they spoke clearly about how much they spend, how long it lasts and what specific traction they expect to unlock with more funding.

They weren’t selling perfection; they were showing control.

Investors don’t want potential — they want preparation

A big part of early-stage investing is pattern recognition. And one of the patterns that stands out most — positively or negatively — is how a founder talks about their business under the hood.

Do they dodge financial questions? Do they freeze when asked about margins or CAC? Or do they answer plainly, even if the numbers are small?

The answer says a lot.

Because here’s the truth: Fundraising is emotional for the founder but analytical for the investor. They’re looking at the math, the trajectory and whether the founder knows what levers need to be pulled next.

When someone says, “Investors don’t care about financials,” what they’re really doing is trying to shortcut that process. But there are no shortcuts. Not anymore. And have never been!

Related: The 10 Things You Should Cover in Every Investment Pitch (Infographic)

Raising capital is never easy, and advice is everywhere. Some of it’s useful. A lot of it is noise spread by wannabe advisors.

However, if someone tells you to ignore the numbers and “just pitch the dream and vision,” press pause. That advice might sound motivating, but it’s dangerously incomplete.

You don’t need perfect projections. You don’t need fancy charts. But you do need to own your numbers. You need to understand how your business runs, how it burns and what moves it forward.

That’s not the investor’s job to figure out. It’s yours.

Founders who know their numbers don’t just raise capital — they earn respect in the room. And in this market, that matters more than ever.



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