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How to Decide if a Franchise is Right for You

Strategy Driven

This is where franchises come in. Some of the biggest commercial names run on this model, but how do you know if this would be a good fit for you? The main advantage of a franchise is that you don’t need to establish your business in a competitive marketplace. Advantages. Disadvantages.

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The Basics of Franchise Accounting

Strategy Driven

Owning a franchise is an easy and affordable way of starting a new business. As a franchise owner, a lot of the heavy lifting involved in starting a business is already done for you. Franchisees can take on an already established brand and don’t have to worry about marketing themselves, as this is done by the franchise centrally.

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article thumbnail

How to Decide if a Franchise is Right for You

Strategy Driven

This is where franchises come in. Some of the biggest commercial names run on this model, but how do you know if this would be a good fit for you? The main advantage of a franchise is that you don’t need to establish your business in a competitive marketplace. Advantages. Disadvantages.

article thumbnail

The Basics of Franchise Accounting

Strategy Driven

Owning a franchise is an easy and affordable way of starting a new business. As a franchise owner, a lot of the heavy lifting involved in starting a business is already done for you. Franchisees can take on an already established brand and don’t have to worry about marketing themselves, as this is done by the franchise centrally.

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Unexpected Leadership Lessons that Mobsters Can Teach Lawful Leaders

Leading Blog

All organizations, lawful and unlawful, face the same corporate governance problem: how to attract, retain, and motivate a self-interested workforce to achieve the organization’s mission and strategy. These crews kept roughly 75 percent of their illicit profits, passing the remainder up as a type of franchising fee. These include: 1.

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Choosing The Perfect Business Partner

Women on Business

Unfortunately, I wasn’t quite sure how to proceed. But I wasn’t as keen on the business side of things – finances, bookkeeping, and other nitty-gritty that keeps a business flowing smoothly. I was perfectly capable of handling finances, but it wasn’t nearly as exciting or interesting to me as the creative side. Go with your gut.

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How to Start a Used Car Business

Strategy Driven

It’s not even enough just to know everything about cars and their features; you also need to have a sound understanding of business finances, licensing and legal requirements in terms of permits and taxes. Franchises often require a larger investment upfront to purchase the franchise rights and will be a bigger operation in general.