One can say that the history of franchising goes back to the middle ages when working-class folks paid a royalty to high church officials in exchange for business ownership. Medieval lords granted rights to small business owners to carry on commercial ventures, and this concept gained momentum in the colonial period as well. What initially…
Most businesses that fail do so because the owners are not managing the business properly. Things like expenses, sales, cash flow, customer satisfaction, employee management, and inventory need constant attention and management. It’s crazy to think that just 30 years ago all of this was done manually on paper. The margin for error in “the…
Have you thought about owning a franchise? In this post, for those who are thinking about owning a business, you must first need to know and understand what is a franchise. FRANCHISE BASICS: WHAT IS A FRANCHISE? Franchising is another way of businesses to expand and to reach their target markets without using or taking…
Do not read this… If you don’t have the desire to own your own business do not read this. If you don’t trust yourself to make major decisions then don’t read this. If you are not willing to invest in yourself then do not read this. If you won’t take advice on how to run a…
Many professionals play the role of a business owner each and every day. They wear multiple hats, they manage their finances, they focus on maintaining quality client relationships, and they become impassioned about their work. Most often, though, they give their talents to their employer to build amazing companies which they don’t own. We…