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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 moreFive Reasons to Buy a Restaurant Franchise
Posted by Jeff Lefler November 23, 2016
When most people think of franchising they think restaurant. They think McDonalds, Burger King, Sonic or Checkers. There are over 500 different franchised restaurant options to choose from. Some that have a better ROI than you would get from a major brand. But owning a restaurant franchise takes a special kind of person that can operate and manage the business properly.
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 moreThe #1 Reason Not to Open Your Own Day Care
Posted by Franchise Grade Team October 24, 2016
Buying a business is not a transaction to take lightly. It is a life changing decision and whether it is a positive or negative change depends on whether or not you can make a steady profit. Opening your own daycare may be your dream but it takes a huge amount of devotion, time and money. There are many challenges when you become an entrepreneur. Luckily, some of these challenges can be avoided by choosing to invest in a children's services franchise instead of doing it on your own.
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