Franchise (5)
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Knowing Your Break-even Point
Posted by Franchise Grade Team November 24, 2014
One of the biggest mistakes entrepreneurs make is not knowing the amount of sales required to break-even. This is especially true with start-up business. So very often start-ups and in a lot of cases, established businesses, take on too much overhead too soon in anticipation of future sales. Before taking on more overhead costs, you must determine your sales break-even point.
Read moreFranchisee Support and Assistance
Posted by Franchise Grade Team November 21, 2014
Franchisors often need to offer support to their franchisees. After all, the business model depends on providing industry novices with enough training and assistance to run their own businesses successfully. This post looks at four types of support and assistance that franchisors often offer to their franchisees to enhance their success: training, ongoing support services, real estate assistance, and financing. When deciding on the amount and kind of franchisee support to offer, franchisors must balance the need make their systems attractive to prospective buyers against attracting the wrong people to their systems.
Read moreDefeating the De-Motivator, When seeds of doubt creep into consciousness!
Posted by Franchise Grade Team November 20, 2014
The sweet strains of a Puccini aria cut through the Saturday night clatter of the busy Italian restaurant in New York City, but it wasn’t coming from the aging voice of the Sicilian baritone who was hired to belt out favorites like Funiculi-Funicula. It was a soprano whose crystal clear voice filled the room. Within moments all the ambient noise came to a halt. Diners stopped eating and talking, busboys stopped clearing tables, the cooks even came out of the kitchen.
Read moreWill You Freak-Out or Hunker Down?
Posted by Franchise Grade Team November 5, 2014
Sometimes motivation is forced upon us. We are thrust into the Un-comfort Zone. And, whether we sink or swim depends on how we respond to the situation. How do you react during a crisis?
Read more3 Items Required To Land A Franchise Business Loan
Posted by Franchise Grade Team October 22, 2014
Financing a franchise is really no different then financing any other business – at least in the eyes of the lender.
Read moreCan You Crowdfund A Franchise?
Posted by Franchise Grade Team October 14, 2014
Currently, in the United States, there are two ways to crowdfund a business or a project.
Read moreThe Advantages of Franchising
Posted by Franchise Grade Team October 11, 2014
Like all business models, franchising offers advantages and disadvantages to those people operating companies. This post discusses three key advantages that franchising affords. (Next month’s post will consider the disadvantages). Would-be franchisees should consider these factors when deciding whether or not to buy into a franchise system because they explain why franchisors are interested in selling franchises.
Read moreThe 10 Commandments of Magnetic Managers
Posted by Franchise Grade Team September 25, 2014
The #1 reason great employees quit is because of their bosses. That’s why we often hear the saying: “People join companies, but they leave their managers.”
Read moreHow To Motivate Employees Through Incentives
Posted by Franchise Grade Team September 15, 2014
Most employers look for ways to motivate and reward their employees.
Read moreThe Most Important Buying Decision You’ll Ever Make
Posted by Franchise Grade Team September 9, 2014
Once you’ve decided which franchise to buy, what is the most important buying decision you’ll ever make to ensure its success?
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