Franchise Weaknesses & Strengths
After dreaming about owning your own business for years, you’ve finally saved up the capital to launch your new venture and made the decision to jump into the business world. Your final decision is...
View ArticleHow to Evaluate Purchasing a Franchise
A franchise gives you the opportunity to open your own business without having to create the concept and model from scratch. There are thousands of franchises from which to choose within a wide range...
View ArticleHow to Sell a Franchise Back to the Franchisor
Franchise agreements allow you to operate a local branch of a company by purchasing a franchise store, restaurant or service. But happens when you want out? Franchise contract agreements vary by...
View ArticleThe Allowance Method Based on Credit Sales Vs. the Allowance Method Based on...
The concept of matching revenue with expenses in the same period comes from the body of financial accounting rules that are commonly referred to as generally accepted accounting principles, or GAAP....
View ArticleDifference Between a Chain and Franchised Restaurant
The general public often uses the phrase “franchise” and “chain” interchangeably, referencing several restaurants that all operate under the same name. Ideally, that’s how the public should see any...
View ArticleWhat Is a Periodic Franchise Fee?
Business owners who purchase a franchise recognize the opportunities and advantages that come with owning part of a franchised business, from unified marketing plans to increased purchasing power for...
View ArticleHow to Become the Owner of a Seven Eleven Franchise
The first 7-Eleven opened in 1927 in Dallas as an icehouse. This company has grown and evolved into the world’s largest operator, franchiser and licensor of convenience stores, according to the...
View ArticleThe Disadvantages of an Independent Restaurant
Between the fall of 2010 and 2011, the total number of restaurants in the United States decreased, mainly due to independent restaurants that shut their doors. Independent restaurants, those that are...
View ArticleThe Advantages of Franchising for Franchisers
A franchise is a business format in which you as an owner allow others to operate using your trade name and brand for a fee. This is a way to grow your business and earn additional income from your...
View ArticleThings to Do to Boost Sales in a Restaurant
The restaurant industry is particularly susceptible to changes in the economy since eating out is considered a luxury and not a necessity. Saving during the abundant times and planning for the tough...
View ArticleElements of an Ideal Franchise
An ideal franchise is a business whose systems are clear and successful enough to be replicated and whose business model is adaptable enough to work in many locations with a variety of business owners....
View ArticleExplain What a Franchise Is
A franchise offers a prospective entrepreneur an entree into business ownership, especially in the fast food, restaurant and lodging industries. If the franchise product is well-known, you save the...
View ArticleAre Maps Copyrighted?
Providing customers driving directions is a necessary part of many business operations. Many business owners photocopy maps or include them in promotional materials to help customers find their stores,...
View ArticleHow to Apply for a Franchise
Buying a franchise means you're buying into an established business rather than having to start one from the ground up. Because the brand is familiar, it reduces the amount of time necessary to gain...
View ArticleHow to Buy a Huddle House Franchise
The Huddle House chain promotes a family-friendly atmosphere at its restaurants, which serve breakfast, lunch and dinner around the clock. Menu items at the fast-casual restaurant chain include...
View ArticleMarketing Plan for Franchisors Selling Franchises
Selling a franchise is much like selling any other product or service. The business owner identifies his ideal customer -- the target market of potential franchisees -- develops a message to convince...
View ArticleWhat Is Decentralized Distribution?
Decentralized distribution is a process by which retailers, manufacturers, organizations and government entities can process requests for products or information from various physical locations....
View ArticleHow to Develop Your Own Multilevel Marketing Plan
Multilevel marketing, sometimes called network marketing or direct selling, is a business model that provides the opportunity to earn money from other people's efforts -- oftentimes former customers...
View ArticleIf You Trademark Your Company Name Can You Get the Domain From a Cybersquatter?
Cybersquatting can turn your company name into a tool for someone else to make money. Suppose your company is named Tucson Super Efficient Plumbing. A cybersquatter hears about you and registers...
View ArticleFranchise Presentation Ideas
Get creative when presenting information to prospective franchise buyers. Large and established organizations that have a good brand name often don’t have to place too much effort in selling...
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