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  • Casual Articles - Why Every Franchise Should Use Electronic UFOC Distribution

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    A low credit rate has several ramifications. It could result in your credit applications being rejected forthwith or it could result in you having to pay a premium when credit is eventually extended to you.In spite of what you may be thinking, a low credit rate is a setback rather than an insurmountable obstacle. Low credit rates can be remedied – either through one of the many credit repair firms that have been proliferating since the early 1990s or alternately, by taking some of the necessary steps on your own.The choice is yours. If you do decide to go it alone – either completely or in part – you will save on some or all of the professional fees charged by credit rep
    way to spread the use of electronic signatures.

    Franchises may send their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use external delivery services. The delivery method will depend on the size and nature of the franchise, but the purpose will be the same, cut costs and reduce time to close business. Any franchise that is not actively looking for an electronic UFOC delivery service is going to be left behind. Electronic delivery will shorten sales cycles by allowing fr

    Futurists and Prescription for the Future
    Many people read articles and books from futurists with interest. Some are fascinated by the borderline science fiction and reality blend. If you are one of those people you have probably noticed that the world of innovation and discovery is moving faster than ever before in human history. One book, which I recommend is:“Prescription for the Future-How the Technology is Changing the Pulse of Global Health” Care-By Moore, Rey, Rollins.It is written in conjunction with Anderson Consulting. It is interesting how many things in this book describing the future came to be and how many things did not. It was written in 1996 and predicted some great things and the ideals presen
    In today’s world time is very important, if not everything. Time to prepare, time to market, time to close, time to roll out, and many other time related events can determine in great part whether a franchise venture is successful or yesterdays news. Franchises have been burdened, or perhaps mandated is a better choice of words, to comply with Uniform Franchise Offering Circular (“UFOC”) law for 25+ years. During this 25+ year period the UFOC has changed dramatically, and the legal bodies controlling its function and purpose have also changed, but one thing has remained constant over these years, and that is UFOC’s are expensive.

    They are very expensive to create, super expensive to produce and distribute, and unbelievably costly to store and audit. UFOC’s are one of the single greatest expenses new franchises face, and for the first time there is a cheaper and more effective way to do business. It is legal, it is safe, it is secure, it is encouraged and it will make an existing franchise more efficient and lower the barrier to entry for new franchisers. This revolutionary technology has only been around for 135 years, so it is about time the legislators let franchisers take advantage of the savings. What is this new technology you ask? It is electronic signature capturing, and New Hampshire was the first court system to rule on the validity of electronic signatures in 1869, it was in relation to the telegraph and signing for invoices for goods shipped by railway cars, but it was and is legal, so why not use it in other forms of business?

    In the 1980’s businesses and courts started to ask this same question, and voil? there was the fax machine. The fax machine got the proverbial electronic signature ball rolling again in business, but the Internet will take it to its rightful level of use in business. Practically everyone has access to the Internet now. Public libraries, schools, businesses and 100’s of millions of homes have Internet connectivity available to them on demand. The fax machine was certainly prevalent, but it could never have the wide spread use and functionality that the Internet offers, and therefore the Internet is the best logical way to spread the use of electronic signatures.

    Franchises may send their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use external delivery services. The delivery method will depend on the size and nature of the franchise, but the purpose will be the same, cut costs and reduce time to close business. Any franchise that is not actively looking for an electronic UFOC delivery service is going to be left behind. Electronic delivery will shorten sales cycles by allowing fr

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    The reason why many entrepreneurs join business networking groups is to gain visibility and obtain referrals. These indeed are very important since they save them the hustle of resorting to the other two remaining options to get business and which are either making cold calls, which is very tough and has very low success rate, or launching marketing campaign which are often too expensive for new entrepreneurs and do not yield a guaranteed return on investmentOn the other hand, effective networking can lead to word of mouth advertisement which in turn often translates into passing referrals. The two most important advantages of word of mouth advertisement are that it has a very
    but one thing has remained constant over these years, and that is UFOC’s are expensive.

    They are very expensive to create, super expensive to produce and distribute, and unbelievably costly to store and audit. UFOC’s are one of the single greatest expenses new franchises face, and for the first time there is a cheaper and more effective way to do business. It is legal, it is safe, it is secure, it is encouraged and it will make an existing franchise more efficient and lower the barrier to entry for new franchisers. This revolutionary technology has only been around for 135 years, so it is about time the legislators let franchisers take advantage of the savings. What is this new technology you ask? It is electronic signature capturing, and New Hampshire was the first court system to rule on the validity of electronic signatures in 1869, it was in relation to the telegraph and signing for invoices for goods shipped by railway cars, but it was and is legal, so why not use it in other forms of business?

    In the 1980’s businesses and courts started to ask this same question, and voil? there was the fax machine. The fax machine got the proverbial electronic signature ball rolling again in business, but the Internet will take it to its rightful level of use in business. Practically everyone has access to the Internet now. Public libraries, schools, businesses and 100’s of millions of homes have Internet connectivity available to them on demand. The fax machine was certainly prevalent, but it could never have the wide spread use and functionality that the Internet offers, and therefore the Internet is the best logical way to spread the use of electronic signatures.

    Franchises may send their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use external delivery services. The delivery method will depend on the size and nature of the franchise, but the purpose will be the same, cut costs and reduce time to close business. Any franchise that is not actively looking for an electronic UFOC delivery service is going to be left behind. Electronic delivery will shorten sales cycles by allowing fr

    How to Booste Your Profit Quickly
    There are so many competitions by running business. So you must do something in a smart way. Check this list to see which ones you can use in order to pull more profits from your business. 1. Gain an advantage over your competition. You should find one benefit your competition doesn't offer and use it as your main selling point. 2. Design your e-zine so it creates multiple free advertising streams. Ask readers to forward it to people they know, offer ad trades, etc. 3. Allow your visitors to subscribe to an update e-zine. Anytime you make changes to your web site they can receive an informative e-mail. 4. Focus your articles on information the target
    hnology has only been around for 135 years, so it is about time the legislators let franchisers take advantage of the savings. What is this new technology you ask? It is electronic signature capturing, and New Hampshire was the first court system to rule on the validity of electronic signatures in 1869, it was in relation to the telegraph and signing for invoices for goods shipped by railway cars, but it was and is legal, so why not use it in other forms of business?

    In the 1980’s businesses and courts started to ask this same question, and voil? there was the fax machine. The fax machine got the proverbial electronic signature ball rolling again in business, but the Internet will take it to its rightful level of use in business. Practically everyone has access to the Internet now. Public libraries, schools, businesses and 100’s of millions of homes have Internet connectivity available to them on demand. The fax machine was certainly prevalent, but it could never have the wide spread use and functionality that the Internet offers, and therefore the Internet is the best logical way to spread the use of electronic signatures.

    Franchises may send their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use external delivery services. The delivery method will depend on the size and nature of the franchise, but the purpose will be the same, cut costs and reduce time to close business. Any franchise that is not actively looking for an electronic UFOC delivery service is going to be left behind. Electronic delivery will shorten sales cycles by allowing fr

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    Have you ever had a tough decision to make? If you're anything like me you were probably flip flopping back and forth all day, trying to get some more information, and generally being really STRESSED OUT. Finally, your brain just gave up and creatively came up with a way to distract you, by filling your day with little tasks...check your email, read some articles, make some calls, etc.I call this "creative avoidance" (I don't think I came up with this, but I can't remember where I saw it first). The stress of making this important decision is painful, and since our minds are designed to avoid pain, it will "invent" small easy tasks to fill your time.The problem with toug
    d voil? there was the fax machine. The fax machine got the proverbial electronic signature ball rolling again in business, but the Internet will take it to its rightful level of use in business. Practically everyone has access to the Internet now. Public libraries, schools, businesses and 100’s of millions of homes have Internet connectivity available to them on demand. The fax machine was certainly prevalent, but it could never have the wide spread use and functionality that the Internet offers, and therefore the Internet is the best logical way to spread the use of electronic signatures.

    Franchises may send their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use external delivery services. The delivery method will depend on the size and nature of the franchise, but the purpose will be the same, cut costs and reduce time to close business. Any franchise that is not actively looking for an electronic UFOC delivery service is going to be left behind. Electronic delivery will shorten sales cycles by allowing fr

    How to Turn Your Marketing Into a Money-Making Machine - Examples of solid Marketing
    As Claude Hopkins presented in his Scientific Advertising many decades ago, there are scientific ways of tracking your Marketing and Advertising and determining clearly and unequivocally what works and what does not. Without knowing the facts about what is effectively increasing your leads, and subsequently your sales success, you might as well be throwing money out the window—literally.All you have to do is reflect on your own Marketing to realize the truth in the old statement: 90% of Advertising does not work, problem being, which 90%? If you could identify and harness the 10% that does work, you would truly have power in your hands. Well, the fact is that yo
    way to spread the use of electronic signatures.

    Franchises may send their UFOC electronically to potential franchisees. They may do this by building internal delivery systems, or they may use external delivery services. The delivery method will depend on the size and nature of the franchise, but the purpose will be the same, cut costs and reduce time to close business. Any franchise that is not actively looking for an electronic UFOC delivery service is going to be left behind. Electronic delivery will shorten sales cycles by allowing franchises to start the 10 day waiting period immediately, and open up additional markets by reducing the cost of entry.

    Franchisers that embrace electronic UFOC delivery will save money and time in multiple ways. Take a look at the following chart.

    Costs Associated with a 150 Page Paper UFOC’s
    1. (1) 150 + Ink + Paper + Wear and Tear on printer = $3
    2. (2) Binding = $1
    3. (3) Outbound Overnight Shipping = $20
    4. (4) Inbound Overnight Shipping = $20
    5. (5) 150 Pages 1 Year Storage Using Government Estimate = $19
    6. (6) Labor @ 2 Hours for Total Process – Sending and Receiving = $40
    7. (7) 2 Days Opportunity Time for Best Delivery Option = $Unknown
    Total Cost of Using Paper = ($103.00)

    Costs Associated With Paperless UFOC Using Electronic Signatures

    1. Labor @ 15 Minutes for Total Process = $5
    2. Sending File Electronically = $5
    3. Delivery Is Immediate = No Lost Opportunity Costs
    Total Cost of a Paperless Transaction = ($10)

    Total Savings Using Electronic Signatures vs. Paper = $93.00 per UFOC

    The FTC has issued several Informal Staff Opinion Letters to electronic signature companies acknowledging that these services comply with the current FTC rules. PrivaSign.com, located at http://privasign.com/laws-cfr-ftc.asp is one of the companies that received such an opinion letter, and additional companies may be found at the http://www.ftc.gov website. By utilizing an electronic signature and UFOC delivery service, like PrivaSign, franchisers will save hundreds and potentially even thousands of dollars a month delivering their UFOC’s, and capturing new business.

    Franchisers who are slow to adapt new electronic signature methods will undoubtedly lose business to the faster and more aggressive franchises. Speed and timely delivery of materials will allow technology savvy franchisers to approach and win more business. In today’s franchise world prospects generally look at multiple franchisers before selecting which one is

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