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Insourcing vs. Outsourcing Payroll Services
Posted by Franchise Grade Team January 30, 2017
Any franchisee that has more than 1 or 2 people on their staff must consider the pros and cons of doing their own payroll. While it may be easy enough to do it yourself for just a few people, it’s likely that as your business grows, you‘ll need to add more people and hence, increase your payroll duties. With so many other duties and tasks vying for your time, and with the proliferation of companies that are already experts in the field, it makes excellent business sense to hand off (outsource) the payroll function to one of them. Major players in the game with a long (20+ years) history of providing payroll services to small, medium, and large businesses include ADP (Automated Data Processing), Intuit Payroll Services, Paychex, and many others.
Read moreHоw tо Effectively Track Yоur Buѕinеѕѕ Finаnсеѕ
Posted by Franchise Grade Team November 2, 2016
As thе оwnеr оf a business, it iѕ vеrу imроrtаnt for уоu to have a ѕуѕtеm thаt уоu fоllоw to track уоur revenue аnd еxреnѕеѕ, a rоutinе ѕуѕtеm thаt thrоugh which еvеrу trаnѕасtiоn flоwѕ. I like to саll thiѕ the Finаnсiаl Flow Sуѕtеm. Thiѕ system should bе followed соnѕiѕtеntlу аnd done wееklу оr monthly tо record and mаnаgе your buѕinеѕѕ finances.
Read moreA Checklist for Finding the Best Franchise
Posted by Franchise Grade Team October 27, 2016
Prospective franchisees need a checklist for finding the best franchise. The checklist should include the type of territory, type of franchise and the investment. Once a franchise is selected, the next step for finding the best franchise , should be checking the franchise performance. One of the best ways is to focus on areas that measure the risk of the franchise investment. Here are seven areas used by FranchiseGrade.com to grade a Franchise Investment Profile. It’s based upon the Franchise Disclosure Document and compares franchise performance to franchise systems and the franchise industry.
Read moreMillennials and their Children
Posted by Franchise Grade Team October 20, 2016
As millennials reach their late twenties and early thirties they are growing out of their high school and college years. Most are entering a new life phase — starting a family. Millennials face more challenges than previous generations. They are more likely than their Gen-X and Boomer counterparts to have high student debt and working at minimum or low paying jobs. These financial conditions lead many millennial families to have both parents working while raising children. This requires the need for child care services.
Read moreHоw tо Uѕе Fасеbооk to Inсrеаѕе Buѕinеѕѕ
Posted by Franchise Grade Team September 19, 2016
Mоѕt реорlе knоw the potential of Facebook аnd Social Mеdiа but fеw truly know hоw tо tар intо it! In thiѕ article, we hope tо be аblе tо givе you ѕоmе ѕоund advice tо steer уоu in thе right dirесtiоn.
Read moreHow to Become a Successful Franchisee
Posted by Franchise Grade Team February 8, 2016
Whether you’re a franchisee or franchisor, we need to recognize that when a franchisee fails, it impacts the specific franchise system and to a lesser degree the franchise industry.
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