article thumbnail

Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

Prospective franchisees should delve into the economics of their chosen franchise, factoring in franchise fees, royalties, and advertising costs, among others. Adhering to franchisor rules and reaping the benefits of the franchise system come hand-in-hand. Taking advantage of franchisor-provided resources to ease operational burdens.

article thumbnail

Things Your Pharmacy Should Have in Place Before Opening

Joseph Lalonde

The requirements vary depending on your location, so research what you need to operate legally. Finally, ensure you hire an assistant manager who can help with the store’s day-to-day operations and a head pharmacist overseeing all medications and prescriptions. An Inventory Management System. An Advertising Budget.

Insurance 210
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Leadership Lessons in Southwest Airline’s Fall From Grace

Modern Servant Leader

Because Southwest Airlines seems to have the worst, most outdated operating technology in the industry. Meanwhile the flight attendant union president explained the phone systems also could not handle the load. Too often, information technology and operational tools are minimized as costs to be controlled. Accept Responsibility.

Airlines 188
article thumbnail

Vanity Phone Numbers’ Effect on Customer Recall and Business Branding

Strategy Driven

They transform ordinary contact information into memorable catchphrases that stick with consumers long after the advertisement has ended. This entails thoroughly assessing how the number will be advertised and how consumer data obtained through calls to the number will be protected.

Brand 84
article thumbnail

Managing Your Business’ Finances Properly

Joseph Lalonde

Operate to a Budget. You’re going to need to operate to a budget , meaning that you should take into account how much money you have available to spend within your business and where you want to attribute it. You may want to pump money into advertising. Here are some key steps you’re going to need to take to do this well!

Finance 156
article thumbnail

Online Algorithms Exacerbate Gender Biases

The Horizons Tracker

Biased suggestions “Everything you’re consuming online is filtered through some kind of recommendation system,” the researchers explain, “and what we’re interested in understanding is whether there are subtle biases in the types of information that are presented to different people and how this affects behavior.”

article thumbnail

Leadership Lessons in Southwest Airline’s Fall From Grace

Modern Servant Leader

Because Southwest Airlines seems to have the worst, most outdated operating technology in the industry. Meanwhile the flight attendant union president explained the phone systems also could not handle the load. Yet, time and again we see how IT system failures cause major problems for companies. They ceased all advertising.

Airlines 130