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Casual Articles - Franchise Investing, Franchise Opportunities and Franchising Renewals
No Significant Financing For Your Business Without Business Credit Scores
Many business owners seeking financing for their business, don't realize that without business credit scores, their business will never obtain significant financing. Business credit scores function exactly like personal credit scores, and so you have to build your business credit scores up properly before you can seek large amounts of capital for your business from any lending institution. It is nearly impossible to obtain ca
d of the five year period, that is ok, but there are generally stipulations after termination. You cannot simply change the “Burger King Hamburger” sign out front to Joe’s BurMany business owners seeking financing for their business, don't realize that without business credit scores, their business will never obtain significant financing. Business credit scores function exactly like personal credit scores, and so you have to build your business credit scores up properly before you can seek large amounts of capital for your business from any lending institution. It is nearly impossible to obtain ca
Putting Profitability Into The Service Equation
How would you like to see your Service Department? As a necessary but problematic resource drain or as a resource that provides a positive and healthy ROI? We think most executives would prefer the second option. In this article, we make the case that a centrally positioned service department can act as a catalyst across many other functions to improve the efficiency of your company’s product development lifecycle, while impr
Have you considered buying a franchise instead of trying to start a business from scratch. Many franchise agreements are renewed every five or ten years, automatically. If you do not want to renew your franchise you need to let the franchisor know a little bit in advance as it generally states in the Uniform Franchise Offering Circular (UFOC) The franchise Disclosure Document used in franchising. Most require that you out it writing so there is no question about your intent, some require this 180 days before expiration. Others state that if you do not specifically say you do not wish to renew the agreement you are automatically renewed. If you do not want to renew your franchise at the end of the five year period, that is ok, but there are generally stipulations after termination. You cannot simply change the “Burger King Hamburger” sign out front to Joe’s BurgHow would you like to see your Service Department? As a necessary but problematic resource drain or as a resource that provides a positive and healthy ROI? We think most executives would prefer the second option. In this article, we make the case that a centrally positioned service department can act as a catalyst across many other functions to improve the efficiency of your company’s product development lifecycle, while impr
Business Process Consulting - Key Elements of Corporate Leadership Development
Leadership skill development is accomplished on the job. People learn to be project managers by managing projects; people learn to recruit staff by recruiting staff; people learn to discipline staff by disciplining staff; and people learn to lead a team by leading a team.When managers and leaders acquire these skills, they actually do most of their learning the first time that they complete such a management or leader
u do not want to renew your franchise you need to let the franchisor know a little bit in advance as it generally states in the Uniform Franchise Offering Circular (UFOC) The franchise Disclosure Document used in franchising. Most require that you out it writing so there is no question about your intent, some require this 180 days before expiration. Others state that if you do not specifically say you do not wish to renew the agreement you are automatically renewed. If you do not want to renew your franchise at the end of the five year period, that is ok, but there are generally stipulations after termination. You cannot simply change the “Burger King Hamburger” sign out front to Joe’s BurLeadership skill development is accomplished on the job. People learn to be project managers by managing projects; people learn to recruit staff by recruiting staff; people learn to discipline staff by disciplining staff; and people learn to lead a team by leading a team.When managers and leaders acquire these skills, they actually do most of their learning the first time that they complete such a management or leader
15 Principles for Complete Customer Service
I’m simply going to list these fifteen principles for complete customer service and let you draw your own conclusions regarding the following questions (these need to be answered in sequence):• Is this principle really important for my organization?• If it is important, are we actually implementing this principle consistently and thoroughly throughout the organization?• If we are implementing it, is it pr
franchise Disclosure Document used in franchising. Most require that you out it writing so there is no question about your intent, some require this 180 days before expiration. Others state that if you do not specifically say you do not wish to renew the agreement you are automatically renewed. If you do not want to renew your franchise at the end of the five year period, that is ok, but there are generally stipulations after termination. You cannot simply change the “Burger King Hamburger” sign out front to Joe’s BurI’m simply going to list these fifteen principles for complete customer service and let you draw your own conclusions regarding the following questions (these need to be answered in sequence):• Is this principle really important for my organization?• If it is important, are we actually implementing this principle consistently and thoroughly throughout the organization?• If we are implementing it, is it pr
POS Systems
Point of sale (POS) systems have become part and parcel of every business venture: restaurants, retail outlets, supermarkets, bars, online shopping, mobile payments, or even touch-screen information systems. Businesses still using manual cash registers and account books will be far behind in the race for profits. Electronic management of inventory and sales has become essential for survival in the modern computerized world. B
n. Others state that if you do not specifically say you do not wish to renew the agreement you are automatically renewed. If you do not want to renew your franchise at the end of the five year period, that is ok, but there are generally stipulations after termination. You cannot simply change the “Burger King Hamburger” sign out front to Joe’s BurPoint of sale (POS) systems have become part and parcel of every business venture: restaurants, retail outlets, supermarkets, bars, online shopping, mobile payments, or even touch-screen information systems. Businesses still using manual cash registers and account books will be far behind in the race for profits. Electronic management of inventory and sales has become essential for survival in the modern computerized world. B
Financial Freedom Has Its Price
"There is no success without hardship." SophoclesFor those of you that are starting (or thinking about) a home-based-business, there are some basic truths that you're not going to hear from the people that are trying to recruit you for THEIR program.First, you will have to make some sacrifices. You will have to devote time, energy, and even money to get any business off the ground. So many recruiters will tell y
d of the five year period, that is ok, but there are generally stipulations after termination. You cannot simply change the “Burger King Hamburger” sign out front to Joe’s Burgers and keep operating (example only)."There is no success without hardship." SophoclesFor those of you that are starting (or thinking about) a home-based-business, there are some basic truths that you're not going to hear from the people that are trying to recruit you for THEIR program.First, you will have to make some sacrifices. You will have to devote time, energy, and even money to get any business off the ground. So many recruiters will tell y
You can decide not to renew but many franchise attorneys might suggest rather than just not renew; that you transfer your franchise to a new buyer and get the money out of your business that you deserve for building up the franchise. Example: If you have built up your business and you are doing one million dollars a year, just under 100,000 dollars a month, finding a buyer should not be a problem. Then you would be compensated for building the business up to that point or maintaining it at that level. Many businesses sell for a multiple of of their gross sales and a business broker can give you an appraisal. If your business is small and lets s
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