When evaluating whether an established small business is franchise-able Ive heard that the rule of thumb is that a potential franchisee should be able to see a 15% ROI on their investment. What about out of pocket earnings. In other words, what if the ROI is good but the dollars are low. Example: if I sell a franchise to someone who can take out $50K per year in salary and profit .and that amount will grow 10 to 15 percent per year is that a franchise that will look attractive to a lot of people?
This is fairly common question from prospective franchisors, but not with regard to the specific dollar amount or percentage ROI. There are three parts to my answer, although I could go on much longer and bore you completely.
First, I dont know of a small business (indeed any business) that doesnt maximize deductions as a means of lessening the tax burden. It is hard enough scratching out a living for most small time entrepreneurs once every government entity takes its bite, so the business owner is surely not going to pay one dime more than legally required. The result is that what might very well be a $50K salary will be carved down to a smaller amount. Is this illegal or dishonest? Not one bit. Deductions are legal, so long as theyre legitimate. So the Part One answer is that the income value of a small business is not discernable via salary.
Second, in the world of franchising, on-going royalties (when paid as a percentage) are always paid as a percent of gross sales, nothing less. And, of course, the reason for this is all wrapped around Part One above. Royalties are calculated on gross receipts.
Third, franchises are purchased for myriad reasons, but provable income is generally not one of them. Are you surprised? The fact is this: more than 75% of all franchise companies DO NOT offer earnings claims that help buyers get a grip on potential earnings. Sure, a buyer can ask other franchisees how they are doing, but Part One is always part of the equation. Make sense?
Experienced, reputable franchise consultants learn to analyze the whole picture when considering the franchising of a new concept. Yes, the financial model is a very important element, but there are others of equal and even greater importance. And to make sure this is all answered in a positive tone, certainly a business should be profitable when thinking of turning it into a franchise, but profitability is one of many considerations.
Does your blog reflect your personal or business brand? David Meerman Scott has a post announcing the new masthead (banner) on his blog Web Ink Now. He talks about the importance of personal branding on the web and why you need to pay attention to your visual image and be consistent. After nearly 4 years, were finally going to get a banner designed for Patsis blog at Writing on The Web.
This is right in alignment with our upcoming interview with Steven Van Yoder on February 13:
Were interviewing Steven Van Yoder, author of Get Slightly Famous, for our Blogging and Beyond Mentor Program. This program about how to create and manage your online reputation is for members only and anyone can join and attend this important class with our $9.95 30-day trial.
Weve written on the subject extensively in the past, most notably when we presented a four week class on Blogging and Branding. Here are a few posts you may want to review on personal branding and blogging to extend your personal brand:
David Meerman Scott Uses Video to Promote His Speaking Gigs Branding Books Do you have a positive online identity? (audio Interview with William Arruda of Reach Communications) Branding and Blogging Info on Build a Better Blog Naming Your Products Branding Tip: Use a branded MasterCard Giftcard Branding Tip: Use PhotoStamps Why Branding is Important
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Open Leadership Management Franchise
Open Leadership Management Franchise 0 6,612 views
Have you ever thought of becoming a good leader and then coaching others to do exactly what you did? Organizations need to change in order to prosper.
Facebook Tweet Google Share LinkedIn Pinterest Email
But when there is resistance to this change, starting a Leadership Management Institute will help thousands of organizations and leaders worldwide to be competitive in this challenging global economy. Check it out here.Originally, Leadership Management Inc. (LMI) was intended as a sales division designed for leadership and management development programs in 1966. By 1970, it has become a permanent fixture in management and personal development marketplace. Today, LMI is growing at a rapid pace since it has a process of comprehensive leadership development including a new focus on ethical and effective leadership as well as a common sense approach directed to organizational planning. Leadership Management Franchise Business Plan LMI is operating in more than 60 countries and its materials are translated in 20+ languages. They have wide representation in the United States by certified, professional, franchise owners. Today there are a lot of entrepreneurial business opportunities but LMI may be the right choice since franchisees have already established an LMI business for 20-35 years. Here are some of the competitive advantages of LMI:
It has an executive coaching model which is not an ordinary catchy exercise or an excerpt from videos or books. It has thousands of clients found in the national client list belonging to hundreds of diverse industries. It has more than 40 years in operational experience. It has full line of assessments and professional tools. It has the Distance Learning Formats advantage. Its one of the few development and training companies worldwide with ISO Certification. It has a Leadership Development Process thats proven and supported as research-based data and statistically validated.
Leadership Management Franchise Business License LMI is serving many markets but the small and medium sized businesses with 25-500 employees are its number one market. Using its 40 years of experience, it provides on-going support as well as initial start-up training for their new Franchise Partners. Hands-on support is being offered through lead referral programs, collaboration program matching new and experienced partners, national and international conventions, regional meetings, and home office teleconferencing. Franchise investment is only $30,000 including on-going support, materials, and initial training. They will conduct a personal interview with you on the phone to determine mutual interest. Then, when theyve identified that you meet their qualifying standards, they will suggest an appointment or face-to-face interview in their home office. Take note that LMI defines the organizations daily operations as a process which includes the sum of the organizations systems, actions, and attitudes. The quality of this process will determine the future of the organization, and the LMI Process will surely enhance that to deliver guaranteed results.
<< Start Ident-A-Kid Services of America Franchise
Learning Express Franchise Opportunity >>
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Samsung wins infringement case, Sharp TV and monitors banned in US
Samsung wins infringement case, Sharp TV and monitors banned in US 0 7,097 views
Two electronic giants were battling over sales in the US, as both filed infringement cases against each other and both were found guilty of violating the Law.
Facebook Tweet Google Share LinkedIn Pinterest Email
This, as the US International Trade Commission ruled in favor of Samsung, saying Sharp Corp. violated infringement act. South Korea-based electronic giant Samsung Electronics Co. has won a victory against Osaka-based Sharp Corp. after the US International Trade Commission ordered the ban for selling the latters liquid crystal display TV and monitors to the US, after being found guilty of infringement over one patent owned by the former.
On the other hand, the Washington-based agency has over turned another decision, saying that only one patent has been infringed by Sharp. ITC posted a notice on its official website, saying that Sharp Corp. should stop the sale of its LCDs, which includes panels and models, and In a notice posted on its Website today, the ITC said unlicensed Sharp LCD devices, including display panels and modules, and LCD televisions made overseas that use Samsung’s patented invention should be banned from the US market. Meanwhile, a trading judge had earlier said that Samsung had also infringed four patents under the Sharp label, which ironically ordered the banned of several Samsung monitors, TV, and professional displays. The two companies have been battling it out in the US courts for the patent of the said technologies. Samsung, which filed the complaint last December, said that Sharp has violated the patent by selling models of its high-definition Aquos line of LCD TVs.
<< Health Questions Seeking Answers
PC Makers Ignore Web Filter Cries, Ship Computers with Software into China >>
(All the above fields are required.)
Samsung wins infringement case, Sharp TV and monitors banned in US
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
How to Start an Online Cosmetic Business
How to Start an Online Cosmetic Business 8 s14,814 views
Starting an online business is not an easy especially for new entrepreneurs. Extensive researching and studying about the business is very significant aspect of starting a business.
Facebook Tweet Google Share LinkedIn Pinterest Email
These days the cosmetic industry is one of the most in demand industries in the world. This is because many people like to look good all the time.As for the entrepreneurs, it can be an amazing avenue to start a business. On the other hand, starting any business is not easy because you need to learn everything in order to succeed. Passion and Idea Passion and idea are imperative aspect when starting a cosmetic business. It requires you to have the passion to make people feel good and beautiful. Pursuing a business in cosmetic also requires you to study and research. Doing this will surely boost your chance to make dreams into reality. Once you know what you want for your business, everything will fall into places at the right time. As there are a lot of money involved in putting up a business, starting this through your home is an ideal means to make it in this business. Every day, thousands of cosmetic businesses are sprouting, which make it essential for you to create a great line of cosmetics that can help you to be noticed. Products to Sell Online Some of the best products that are ideal for you to sell online are beauty soaps, lip glosses, lip balm, body fragrances and lotions. These products are just easy to make at home. However, be sure to acquire the right training in making cosmetics. You have to know the right method in making cosmetics because you have to make sure that it is safe for the user. This may require you to test the product first before you release them on the market. Food and Drug Authority have various requirements and regulation when it comes to homemade cosmetics. You may need to take your product for them to test it. Online Selling Online selling is easy and easy way to sell a product. In this way, be sure that you have an attractive website for customers to get lured into it. If you dont have the skills and abilities to make a website for your business, contacting a web developer and designer can help you. Security Security is one of the most significant features that the customer is looking for in any online shopping website. Be sure that you can provide them this essential factor. Your website must assure the customer that their information is safe. Shipping Shipping is another significant aspect of online shopping. When the customer order cosmetic from your online store make sure that you add shipping details. You have to give exact details when the product will arrive to them.
<< Helpful Tips on Starting a Monster Truck Business
How to Start a Coal Transportation Business >>
8 sUma said on December 11, 2013I want to start garments specially ladies apparels online business. As I am new to this, needed guidance as how to develop a website and want to know about the supplier for garments etc. kindly advice, Uma Ron Marx said on December 15, 2013Uma, I work at EcoLogique, its a US company focused on small and medium scale business areas, we help small scale companies right from startup upto scale up their business. Market intelligence and data analysis, automation of office tasks through internet and we connect you to your customers and suppliers in your area. Apparently, we get lots of inquiries for buy, sell and promote products for women. We can help you in your ladies apparels online business. please drop me an email with basic details of your location and what area you want to target for your buyers, do you want to export / import any products? thanks, Ron Marx ecologique.solutions@gmail.comIBRAHIM HASSAN said on December 21, 2013YOU WANT TO HEAR THE TRUTH AND HONEST OPINION ABOUT THE FRAGRANCE INDUSTRY. IT IS THE MOST DIFFICULT BUSINESS TO GET INTO, PEOPLE WILL TELL YOU ANYTHING TO MAKE YOU BUY WORTHLESS INFO. I KNOW BECAUSE I HAVE GONE THRU FOT THE PAST 20 YEARS. HOWEVER AFTER LOOSING THOUSANDS OF DOLLARS, WE HAVE OUR OWN BRAND OF PERFUMES. NOW I KNOW WHAT I WOULD HAVE KNOWN I WOULD HAVE TAKEN SHORTCUT AND SAVED ALL THE MONEY I LOST. WITH MY WAY IT WILL TAKE YOU ONLY 5 YRS TO MAKE IT. WRITE TO ME ONLY IF YOU ARE SERIOUS.Sandeep said on December 28, 2013Hi I want to start online website with daily use item like Milk food Item Biscuit ect..Praveen said on January 1, 2014Uma please contact me if you need help in developing website.Masood Ahmad said on February 7, 2017I want to start garments specially ladies apparels online business. As I am new to this, needed as how i start and want to know about the supplier for garments etc. kindly guide.Tumelo dennis mohlamonyan said on March 5, 2017Hai I want to be a supplier in hair and body products ,to supply salons and other big shops ,but I don’t know where to start.ajay gupta said on March 8, 2018I want to establish my business online e.g like mens, womens all ethnic cosmetic as well as many more but all in wholesale rate so please guide me & also how we made a our web side, Thanks, Ajay Agarwal (All the above fields are required.)
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
How to Start a Kid Business
How to Start a Kid Business 0 5,862 views
Most people think that the best time for you to start up your own business is when you are old enough. But mind you, this is just a myth and not a fact because there is no right age in starting off with a business. You just have to possess an extraordinary skill that you can develop as you grow older.
Facebook Tweet Google Share LinkedIn Pinterest Email
As long as mom and dad are there to help you, you can do what you want and you can be who you want to be.In order for you to know the right business that you can venture into, you must first know your skills and talents. Are you good in Math? Is Science your favourite subject? Are you a talented artist? Do you like to spend your time researching about World Facts? Are you a Literature wiz? Are you good in making handicrafts? Do you possess good communication skills both in oral and written? By knowing your abilities and strengths, you can choose the kind of business which you want to venture into. After thinking about them, the next thing you need to do is write them down on a piece of paper so that you wont forget. Starting Your Own Kid Business After that, you need to look at your list and scrutinize what skill you think can be an ideal one to use in a business. Upon choosing one or some, you must encircle them. In addition, you also need to ponder on what people need most right now. Bear in mind that your skill and the needs of the people for a certain period of time must jive for you to ensure that you business will really be profitable. After that, you must also think about selling products or rendering service. The following are just some of the most lucrative businesses which you can venture into especially during vacation months: yard work, babysitting, dog walking and selling accessories. Three of the mentioned kid businesses are service-centered while the last one is all about selling a product line. What is good about rendering service is that you will not have to spend for a start up cost. As a kid, you dont need to worry about anything because you are meant to enjoy the world. Another advantage of preferring to render service is that you dont have to worry about not selling your products to customers. Vacation time is the best time for you to get started in executing all your business plans because you dont have to worry about making your assignments and other schoolwork as well. You will also have a free time to do what you want.
<< Starting a Key Cutting Business
How to Start a Hot Dog Cart Business >>
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
If you want to run a spa business, you will need to be equipped with the right knowledge and skills. Enhance your learning by learning about the latest trends in the industry and what customers like.
Facebook Tweet Google Share LinkedIn Pinterest Email
Offer competitive pricing and provide quality services at all times. Think about what your clients like and offer them what they want.Tips on Running a Spa Business When you pamper people, you can earn a lot of profits. Whether you started from scratch or you franchised the spa, you can increase your earnings if you know the right management strategies and techniques. You need competent staffs to deliver the best performance. Youre not alone in running the business. To ensure higher gains at the end of the day, you must hire the right people. The income youre going to earn will usually depend on your location but with the right techniques, you can improve your profits. As you run the business, you should monitor all aspects of the business. There is a need to minimize the spas expenses like rentals. You can meet with the owner of the property and renegotiate about the rental fees. This is possible and you can reason out that the business is just starting and you could really use some help with a slightly lower rent. Another thing is the re-evaluation of your operation hours. Perhaps youre not opening at the right time; heres what you should do find out the free time of your targeted customers. The spa should be opened during those times to ensure a steady flow of customers. Branding, Pricing, Etc. If you havent thought about branding yet, youre missing an opportunity. With your own private level, you can easily establish brand recognition. With quality and reliable spa services, your business can be recommended or referred many times. Find out about the treatments that are in-demand and you can offer them as well; another option would be to offer something new or unique that catches the attention of clients. You have to be equipped with the latest knowledge and trends. With a computer and internet connection, you can identify the hottest craze in your local area. Oftentimes, business owners forget that the most important thing in running the business is making customers satisfied. When your clients love your services, they will come back often and will pay for any price. You have to monitor your pricing as well. It would be a mistake to undervalue your services. Its typical to offer a lower price during the opening but as the business progresses you also need to increase in price. That way, you can use the added earnings for expansion. Running a spa business is no joke. You enhance your knowledge by reading books and other online researches. With knowledge, you can better run the spa and you can keep up with the competition.
<< Start Your Own Venture Capital Business
Running a One Person Business >>
