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Casual Articles - Part II: Reasons 9-16 - Of The 25 Reasons Why A Franchise Is Better Than Other Small Business Models
In the longest of our series on electronic billing of medical claims, we have finally come to the end of our review of the FA0 record, which just happens to be the longest record in the NSF 3.01 specifications. This last installment will cover fields 56 through 66. After this, we will move on to the FB0 record, which is more line item detail.FA0 field 56, positions 274 - 283, is the provider phone. This may seem simple enough but it is anything but. The p
11. Most franchisers offer ongoing supervision and consulting. This means when you open your doors for business, someone will be there to hire the initial work force, train them and help solve problems as they develop. This is a valuable learning experience for you. Eliminating p
“Once Upon a Cubicle there was a man who wanted out He knew he couldn’t stay here but still was filled with doubt The thought of no weekly paycheck turned his smile into a pout But ‘A business startup is my heaven’ was all that he could shout!”Funny doggerel, you’d say, but this is the kind of dilemma so many men and women go through every day. The dream of being your own boss and living a more wholesome life versus the loss of security of a pa
Part II: Reasons 9-16
9. As a franchise owner, you have collective buying power. This is an increasingly greater advantage because there are more conglomerates and larger companies today than there were just 5 years ago. The small business person really can not compete with conglomerates to lower his/her cost. Because small businesses typically buy supplies and services in much smaller quantities, their per item cost and service usage cost is higher which can lower profit potential. When you become a franchisee, you have the collective buying power of the entire franchise network. Therefore, you will receive much lower prices for goods and/or services.
10. Initial training is provided for operating personnel, which is very important. Before actual business operations begin, a complete and extensive training program is provided by the franchiser.
11. Most franchisers offer ongoing supervision and consulting. This means when you open your doors for business, someone will be there to hire the initial work force, train them and help solve problems as they develop. This is a valuable learning experience for you. Eliminating pr
Six Sigma projects are not immune from a failure. Just like any other business improvement initiative there are projects that don’t succeed. When projects aren’t successful, it is not the fault of the system itself but rather it is to do with the implementation and application of the system. Let’s face it, if the system itself was inadequate there would not be so many success stories.Many people perceive a project as unsuccessful when it fails to meet the ta
Part II: Reasons 9-16
9. As a franchise owner, you have collective buying power. This is an increasingly greater advantage because there are more conglomerates and larger companies today than there were just 5 years ago. The small business person really can not compete with conglomerates to lower his/her cost. Because small businesses typically buy supplies and services in much smaller quantities, their per item cost and service usage cost is higher which can lower profit potential. When you become a franchisee, you have the collective buying power of the entire franchise network. Therefore, you will receive much lower prices for goods and/or services.
10. Initial training is provided for operating personnel, which is very important. Before actual business operations begin, a complete and extensive training program is provided by the franchiser.
11. Most franchisers offer ongoing supervision and consulting. This means when you open your doors for business, someone will be there to hire the initial work force, train them and help solve problems as they develop. This is a valuable learning experience for you. Eliminating p
It seems like the line item detail for medical billing just goes on and on. FA0 went on for all of 66 fields. If that wasn't enough, now we have the FB0 record which, while it isn't nearly as long, still adds more billable information to this already bloated claim file. In this installment we pick up with field number 15.FB0 field 15, positions 110 - 120, is the national drug code. Books can be written about drugs in the United Stats in regard to billing. For
10. Initial training is provided for operating personnel, which is very important. Before actual business operations begin, a complete and extensive training program is provided by the franchiser.
11. Most franchisers offer ongoing supervision and consulting. This means when you open your doors for business, someone will be there to hire the initial work force, train them and help solve problems as they develop. This is a valuable learning experience for you. Eliminating p
The lowly postcard…it’s more than just a "having fun, wish you were here" delivery system. This tiny billboard is actually a powerhouse of a marketing tool with almost unlimited uses. Harness this little dynamo and you'll find a surge of new business opportunities.Here are some reasons your company should consider a postcard:1. Cost effective: A regular-sized postcard only costs $.24 per piece. You can send up to a 4 1/4" x 6" card without incurring ad
10. Initial training is provided for operating personnel, which is very important. Before actual business operations begin, a complete and extensive training program is provided by the franchiser.
11. Most franchisers offer ongoing supervision and consulting. This means when you open your doors for business, someone will be there to hire the initial work force, train them and help solve problems as they develop. This is a valuable learning experience for you. Eliminating p
I remember it all so well. The dot-com had just dot-bombed, the stock market was suffering from a sucker punch to the throat, and we were beginning to hear about some guy named Ken Lay. A little while later, news came out about Arthur Andersen, WorldCom, and Adelphia, among others. It seemed that companies were going under and CEOs were getting indicted faster than you can say ‘stock option’. And then came the layoffs. Thousands upon thousands began losing thei
11. Most franchisers offer ongoing supervision and consulting. This means when you open your doors for business, someone will be there to hire the initial work force, train them and help solve problems as they develop. This is a valuable learning experience for you. Eliminating problems before they impact your earnings, saves you time, money and effort. This cost reduction increases your profit potential.
12. You will also receive local and national advertising programs. Most franchisers will give you a local advertising program you can implement immediately. Normally, your advertising program is professionally designed with the high profile of large scale national advertising. This gives you an edge over local competition.
13. Many franchisers provide point of sale advertising; such as ceiling mobiles, posters, etc. These are expensive to develop and they are very helpful in creating that extra point of sale impetus that can increase your overall profit potential. The sophisticated advertising material franchisers provide gives you a much better business image and identity.
14. There is also uniform packaging. The franchiser has already worked out the best size and type of packaging. This is a tremendous savings in time and money. Plus, trial and error has been eliminated for you. For instance, a food product package may need a certain treatment to resist moisture or to retain heat. The franchiser has already invested in the research and development to produce the required packaging material and manufacture it on a
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