Tuesday, July 30, 2013
Tuesday, July 23, 2013
Monday, July 22, 2013
The initial franchise cost is the onetime payment made by the franchisees in order to secure the new franchise. The royalty fee paid henceforth depends on the gross sales from different stores. A franchiser can make money through the franchise fee, sale of supplies and the royalty fees. In order to obtain the legalities of a franchise, one needs to consult a franchise lawyer and a consultant having good knowledge about franchising. The franchise lawyer will do the necessary paper work like franchise contract, register and drafting of franchise offering circular and the like. The right consultant on the other hand can help you with advertising, operation manuals, public relation materials and training programs.
If you are making a profit with your franchise business then you can always put the businesses for sale if you want to. You can get potential buyers who can strike a deal with you. But if you are not making enough profit then it is pretty difficult to sell your business in the market. There are also magazines available which are dedicated in providing data regarding the franchising business. You can get valuable information on business franchise through the internet. Find out more about exciting franchise opportunities Kansas City right here.
Friday, July 19, 2013
In simple terms, a corporation creates a franchise expansion system. Then a small business entity or individual enters into an agreement with the franchiser to become a franchisee. Typically, the franchisee obtains the use of the franchiser's trademarks and logos and broad-based market. The legal agreement protects everyone's interests. The franchisee pays an initial franchise fee then a royalty payment each month from then on.
Franchising is now an established business option. The use franchisees helps some large corporations achieve diversification. Franchising is increasingly popular in many different industries. With franchises, a business can create new business units. As per a recent survey, approximately one-third of total retail sales are made via franchise stores.
Owning a successful food or other franchise can be very comforting. However, potential franchisees must exercise caution when opening a franchise store in a new market. Sometimes the outcome does not meet expectations. As a business owner you can also consider franchising. For example, restaurant owners who want to expand their business can create franchise opportunities. Franchises would provide the solution to a shortage of management personnel or lack of financial resources to operate a chain of restaurants.
See the rest of the article on Monday, July 22.Article Source: http://EzineArticles.com/?expert=Jamiee_Parker
Monday, July 15, 2013
|Wells Fargo FAQs for the 7(a) program.|
Apparently Wells Fargo is the top SBA lender for fiscal year 2013. According to a press release issued by Wells Fargo, the company extended over 1,900 SBA 7(a) loans to businesses since the 2013 federal fiscal year began. Specifically, Wells Fargo approved these loans between October 1, 2012 and April 30, 2013. The aggregate value of the approved loans totaled $739 million. This was an increase of 16 percent in dollar terms and 10 percent in volume terms over the previous fiscal year.
The SBA 7(a) program is a loan guarantee program for for-profit small businesses with a tangible net worth of $15 million or less and average net income of $5 million or less over the previous two years. Through an SBA-approved lender the SBA guarantees 85 percent of the loan for loans up to $150,000 or a 75 percent guarantee on loans between $150,001 to $5 million.
The motto: If you are in the market for an SBA loan, check out Wells Fargo. In general, they get high marks for customer service. As always, approach a vice president or higher level NOT a branch manager. Although all SBA loans go through committee, a VP's input still holds more sway.
The competition will experience some changes as well as we are now planning to simplify the submission process. Following is a snapshot on how the contest will look like:
Saturday, July 13, 2013
For all of you business owners and entrepreneurs who have failed, are currently struggling or have struggled in the past, this wonderful quote is for you. excellent quote. Success is on the horizon, if you are not already there. Embrace the learning lessons embedded in any struggle and you will definitely succeed.
If your company has to stretch accounts payable because it is in trouble (i.e., having financial difficulties or cash flow problems), keep your vendors and suppliers informed! Please!! These financial difficulties could be a hiccup in a long and profitable history for your company. Treat it as such and update those that supply you. I
If your vendors and suppliers turn on you due to lack of communication and poor payment, your hiccup could become a disaster quickly. As with anything, when people notice things and crave information, they begin to draw their own conclusions and the rumors may fly. These rumors with no competing, true information can shorten your company's lifespan significantly.
By communicating frankly you will build your relationships with your vendors and suppliers despite the slow pays. Keep this in mind when your company encounters some distress or slight financial distress.