Own A Franchise Financial Conversations To Have With Your Family Before Choosing A Franchise

Guest Blogger: Ray Moore, CFE, Vice President of Development, BrightStar

The successful franchisee will first and foremost find the right fit. The right fit may be the one that best fits his or her financial resources and goals. The potential franchisee should sit down with their spouse and family and ask some hard questions. Together they will have to decide what outcomes they need to realize to consider this venture a success. They will have to separate out the must have or non-negotiable outcomes before shopping for a franchise opportunity.

The couple/family should agree to the following each family will have to fill in the blanks according to their own circumstances. Its a good idea to consult an accountant:

1.We will not invest more than $_____ of our cash/liquid capital.
2.We will not borrow more than $______ in additional funds to capitalize the business.

With any start up, business owners need to have enough money, either set aside or in other income, to cover household bills and run the business for 12 to 18 months. The following questions will help determine how much is needed:

3.To make sure we can still live comfortably while growing the business, we will cut our household budget to $ ____ per month for at least ____ months and be sure to never exceed that budget.
4.We will only buy a franchise that we have confidence can get big enough to feed itself, i.e., income (cash flow) will cover monthly business expenses (fixed and variable costs), no later than ___ months after signing the agreement.

With many new business start ups, the owner will not be able to take a salary for 1-2 years. The family needs to know that household expenses will be covered during that time.

5.We will only seek a franchise for sale that we have confidence will be able to pay me a discretionary salary (enough to cover some or all of household expenses) without harming the business no later than ___ months after signing the agreement.
6.We will generate other income of $___ (amount needed to make up for loss of other income and savings budget) from ___ (spousal income, other household income or investments) independent of the new franchise business.
7.We will only pursue a franchise business opportunity that will allow us to have our initial investment back, i.e., pay off the start up loan from business income, in ____ months/years.

These are just some of the items that typically come up, or should come up, during the conversations leading up to buying a franchise. Asking the right questions will get you the answers you need. Ask them of yourself, your spouse, your family, the franchisor and other franchisees so you can get the full picture of what your life will be like while building your business, and what it can be like once you have established your new franchise.

Ray Moore, CFE, BrightStar

Hedge Funds – How To Make The Right Investment Choices

After the 2008 world economic crisis, finding the right investment vehicles seems much harder and trickier. Worldwide currency, which everyone believed in, has shown its face value and, overall people have lost their confidence in the popular investment means available on the global market. However, one of the post crisis positive effects is that individuals became more aware and cautious about the significance of managing their resources appropriately and securing their assets.

Although the present day market openings sets forth an apparently endless variety of choices, making the right investment is all about selecting that alternative apposite for your means, objectives and goals on short, medium and long term. Resorting to professionals is one of the best ways to drive your worth to the right target as long as you manage to find some trustworthy, skilled, and dependable experts.

In nowadays context, the hedge fund is fairly set at the higher end of the investment opportunities scale. Working as a private pool of capital, little known to the wide public, such funds rather address the sophisticated investor that can afford hefty net investments in the prospect of likewise gains. Unlike most types of funds, a hedge fund gathers capital from a fairly limited number of individuals and, naturally the investment amounts are significantly greater, being typically believed to range between one million and six million dollars. Nevertheless, there is no investment maximal threshold regulation in place.

The hedge fund is actively run by a manager, who is in charge with all financial strategies and decisions. Once in, the investors can not set a veto on his decisions. Drawing back the capital ahead of a predetermined time span usually calls upon considerable penalties, which remain in the fund and are finally split between the remaining investors. The hedge fund manager takes up an operational commission and a performance brokerage.

In comparison with other type of investments, the hedge fund primarily differs through a wider range of investment strategies it can adopt and a more regulatory-free area of action, including short selling and hilt leveraging. No such fund is risk free, yet primarily depending on the objects of ventures, the manager can draw in high gains with relatively small risks. For instance, precious metal investments have proved to be such nest eggs. Although, one needs to be no expert to know that investing in gold – the ultimate safe heaven of all seasons- is the right investment choice for all kinds of financial portfolios, the profits of a hedge fund may considerably overrun those achievable from independent investments.

ACA DesignKeeping Your Company Number 1

Part of every company is to have a strong and stable marketing team to promote its products and services. The consumers must be aware and know your company and most of all the products that you sell and the services that you give. With ACA Design, marketing your company through promotional products will surely boost your income and revenue. With their high quality products, promoting your company is very easy.

Promotional Products

Promotional products are products that are distributed and displayed to consumers in order to endorse a companys services and products. These products are not the same products that a company sells like samples but rather, it contains essential information about the product being sold in the market. Hence, promotional products are one of the most subtle ways of marketing a product; you just give information and let consumers know that your company exists.

Promotional products can be as simple as a sticker or as enticing as a box of chocolate personalized with your company name and logo. ACA Design has been in the business for more than four decades particularly in making marketing products. Just recently, they included promotional products in their services to their large clientele. Their products can be manufactured locally in Sydney or overseas through China.

Products

There are three main types of promotional products that ACA design can give to its clients. They have Badges, Metal and Print products. The names in their products are carefully engraved and have affordable prices.

Their Badges can be either metal or made of plastic; the choice is yours. Likewise, you can choose name plates or name desk. Their badges are remarkably in high quality that spells elegance and sophistication; perfect for the corporate world. They also have metals promotional products like medals, trophies, Lapel and Badge Pins, Award Plaques, and other metal shapes. Their print promotional products are composed of banners, stickers, posters, tablecloth, digital wallpaper, flags and handwavers.

Customer Service

Aside from their wide choices of promotional products, ACA Design also gives special offers to its clients. Their prices are very competitive that a company can surely afford and they have a very reliable and unbiased quotation system. A customer will know how the price for the items are computed with some basis like material, number of items, package, mode of manufacturing, etc.

They are also very organized in the whole process of production with an open communication with their clients. Their delivery is fast and finish products are always in high quality. Ordering the product is also very easy; customers can order through the companys website and they have a help line for any customer assistance.

To end, up ACA Design has the years of experience in handling corporate promotional products and they truly satisfy their customers needs. So, if you have a business in Australia and wants to promote your products and services; call or email ACA Design and theyll do the rest to keep your company on the top.

Transition from Military Life to Small Business Careers

Perhaps one of the most challenging career and employment situations imaginable takes place every single day when individuals serving in the military prepare to move from military service to a new career. This involves thousands of motivated government employees who at first glance should have absolutely no trouble in obtaining an appropriate job. It is hard to imagine any prospective employees who would have more motivation to work hard and succeed in whatever they do.

Despite initial appearances, military personnel are currently experiencing a high unemployment and underemployment rate. Perhaps because of this or outdated assumptions about the value of all forms of college education, the first step in military transition to business careers is often a decision to obtain a college degree. This can prove to be the right move in some cases, but it can also become an expensive mistake.

The difference between education and training is frequently misunderstood by many people, and such misunderstandings probably contribute to a disproportionate percentage of career choices focusing on educational institutions instead of more specialized (and much cheaper) career training programs. While advanced education has a special place for specific purposes and goals, it is simply not the best career choice in a surprising number of cases. One of the best possible illustrations of this dilemma occurs when someone is departing from the military. In this situation, education can appear to be the “easy” decision. But with more scrutiny, training frequently emerges as the “smart” decision.

Just as specialized business training is usually one of the most cost-effective strategies available to small businesses, the selection of a practical career training program will often prove to be a more cost-effective military transition alternative in comparison to other options that include lengthy and expensive university studies. It is true that the most viable and appropriate training choices will require some investigative time and effort to evaluate thoroughly. In large part this is due to the fact that colleges and universities have extensive marketing resources to advertise and persuade while the less well-known training opportunities are more of a “word of mouth” situation.

For example, one of the most effective career training situations devotes no resources whatsoever to advertising and lobbying. In this case the program leads to a small business finance consulting career. Because overhead is much less than the highly-capitalized universities, the cost of such services are understandably much less. Unfortunately it is not always true that you get what you pay for, so a prudent military transition will require due diligence from start to finish.

Stephen Bush has provided candid business advice to small business owners for over 30 years. He specializes in business negotiating and business proposal writing. Steve offers career training programs for small business finance consulting throughout the United States and Canada. He is a U.S. Navy veteran who works directly with individuals leaving military service and helps with the transition to a small business career.

Mortgage Modification Companies – Are They Legit

Facing possible foreclosure is indeed a highly stressful situation for any homeowner; this is your home, your security, your future! Deciding to go it alone or have a mortgage modification company assist you can be very confusing and only adds to your stress! Which is best for you? Are there mortgage modification companies out there that are legitimate?

Let’s first look at going through the process on your own. Depending upon your lender there are many requirements that must be met to qualify for a mortgage modification. There are a lot of forms and crucial information that must be presented correctly and accurately if you hope to qualify. You can do the research required; you can contact your lender yourself as millions have and had very successful outcomes! The key here is to do your homework! Make sure you know exactly what your lender requires! Leaving out even one form or one piece of vital information could be the determining factor in qualifying and getting approved! If you are comfortable doing the research and filling out the forms and in dealing directly with your lender than you can certainly do this on your own!

If you don’t feel quite as confident and want help, it is available! There are legitimate mortgage modification companies that will walk you through the process and deal with your lender so you don’t have to. You do need to do some homework before choosing someone to assist you! There are some scams out there to be wary of! Mortgage modification companies will charge a fee that can be thousands of dollars. For many homeowners it is worth paying that fee for the security of knowing the company is dealing with the lender to get you the best possible modification loan. The choice is truly up to you! Make sure to investigate the mortgage modification companies prior to choosing one to work on your behalf.

You can also hire an attorney to help you with the loan modification process. Usually an attorney will charge more than the mortgage modification companies will because an attorney is on retainer. Keep in mind that you do not need an attorney for this process, again that is up to you!

Franchise Business Opportunities And Food In India

Expanding of business at the same time involving interested entrepreneurs in the same has of late gained big momentum. Opening of chain outlets or stores no doubt add to the extensive market presence and an enhanced brand identity. But that involves a good amount of investment besides liability and other factors associated. This is where a franchise business comes into play. Franchising, the practice of using another firm’s successful business model, had been at a nascent stage for quite some time. Today, it is not only in India but also across the world that franchise business is gaining impetus. Offering franchise business opportunities, concerned companies not only see their business expand even beyond geographical boundaries but also get returns. No investment, no maintenance, no liabilities! The franchisor’s success is the success of the franchisees.

Explore the various segments where franchise business opportunities are offered, consider your interests and accordingly choose the right company. If you choose a reputed name, you can look forward towards making some big money in no time. Building a brand rapport takes time and when you get a brand the rapport of which is already built you do experience a win-win situation. You can opt going for a food franchise. Of course, you will have to invest for the set-up, food processing equipments, follow space and food menu conditions followed by the parent group, pay royalty, pay part of income generated and more. Compared to other segments, you need not invest big in a food franchise. You will have to consider the location. The better the location, the more lucrative will be your food franchise chosen.

When we speak of food in India, we cannot think of a counted few items. There are countless food items specific to each region; most of you must have not yet explored the regional food in the towns and villages of each state. Start exploring, especially if you are a travel freak and love exploring cultures. You will be surprised at the countless delicacies with each dish tasting different. Well, food in India commonly offered in the restaurants is same in the menu no matter which part of the country you visit. It can be South Indian food or North Indian food. And again food in India is not only limited to meals; there are sweets, snacks, chaat, namkeen, vegetable snacks, and more.

Those who have tasted South Indian food never let the taste disappear from their palate. Whether it is breakfast or lunch or dinner or supper, they would love to have any of the South Indian food items to appease their appetite. Right from plain dosa, masala dosa, onion rawa masala, rawa plain dosa, rawa masala dosa to plain uttapam, vada sambhar, mixed uttapam, sambhar idli, etc. you have a myriad range of options in the menu to choose from! It is not only in South India but across the country that you will find South Indian food in the restaurants.

Curing The Top 3 Business Frustrations With Small Business Coaching

When considering whether you are ready for small business coaching, check first to see if you are suffering from any of the following 3 business frustrations. An experienced coach can guide and support you in remedying these road blocks to small business success.

Not Enough Customers

One of the major frustrations for entrepreneurs is how to consistently fill their sales pipeline with qualified prospects Are you suffering from too few prospects to convert into customers? Have you considered your approach to how you go about marketing your business?.Many businesses utilize a very limited tool box of strategies and tactics in bringing potential customers to their business. A small business coaching program can open your eyes to many different methods for pulling more clients and their dollars.

Lack of Focus and Lack of Direction
It is very easy to become distracted and diminish your effectiveness by splitting your attention over too many tasks. Are you doing too many things and think this means you are productive? This can lead to poor results and an unhappy business owner. Machines can multi task; humans weren’t designed for this function.
Reaching your goals and dreams is more probable when a clear focus and defined objectives are directing your energies. To satisfy your main business goals you need to forego the adhoc decision making approach and structure the way you make decisions based on important priorities. A decision to commence a small business coaching program could be the answer.

Working Too Many Hours
Perform this exercise and enlighten yourself. Write down how many hours you are putting in each week towards running your business. Multiply this by say 50. Now jot down how much you draw in remuneration from the business per annum. Divide the dollar amount by the yearly hours and this will reveal your hourly rate. Sometimes owners will discover what they already feared; that they are earning less than some of their employees.

One of your reasons for starting a small business coaching regime may have been to be financial independent or at least to make enough to enjoy a great lifestyle. The main goal here is to improve your business to the point where:

– You are making more income than if you were working for someone else
– The business is making a profit (not just covering your drawings)
– You will eventually be working less hours

Top 4 Credit Card Benefits For A Small Business

A business credit card offers many benefits to a small business. A business credit card helps to keep business and personal expenses separate. Having a credit card solely for business use can make a lot of difference in the business finances. Many small business owners do not understand how beneficial a business credit card can be.

Establish Credit And Creditworthiness

Just as you personally want to establish credit, your business needs to establish credit. It is common for small business owners to use their personal credit for their business credit, but this can get rather tricky. When it comes to taxes and financial liability it is much better for the business owner to keep personal and business credit separate.

Easier Accounting Saves Hassles

A business credit card will help simplify accounting. There will be no need to sort through papers to figure out business form personal expenses. Using a credit card, the purchases for the business are all in the statement. These figures can be easily transferred to the books. This helps to make accounting much easier by keeping expenses streamlined.

Simplified Spending

A small business owner may find himself having to okay purchases or write out checks for purchases made by employees. With a business credit card, the owner can get additional cards for those who have spending power. This will help cut down on time wasted getting purchases approved and also save money because far less checks will have to be written. It will make the business more efficient.

Reward Possibilities

There are many credit cards that offer rewards for purchases. With a rewards card a business owner can get an additional incentive by earning things like free airline miles, gasoline and even cash back on purchases. This is something that can be very helpful to a small business. Rewards are earned through purchases, so a business is earning something for money they would have spent anyway. It is like getting double for your money.

Business credit cards are a great idea, especially for small businesses. Many small business owners do not understand just how beneficial they can be, but as you can see they offer many perks. A small business owner would be very smart to get a credit card that will make it much easier on them in the long run. They will find they save money, save time and make the business more efficient and run smoother.

So Why Do You Want To Work For Our Company

The key in having a successful job interview is to be prepared. If you were asked the question, “Why do you want to work for our company”, then you need to have a ready answer right away. If you were unprepared for this question, then it would only show that you are not genuinely interested in joining the company you are about to join.

The first thing that you need to do is to start a profile check on the company. You should have an idea on how the company started, how it is doing in the market at present, and its possible plans for the future.

You may give out general answers like “I believe this is such a good place to work”, but it would increase your chances to get the job if you would be able to specifically identify the reason or reasons why you wanted to join the company.

In answering the question, you should keep in mind that all interview questions aim to find the best person fit for the job. With this said, all things that you would say should have this particular concept in consideration. When asked about your past work experience and skills, you should convey that you are the right person for the job.

In answering this question, “why do you want to work for our company?” you should be able to show that you know a great deal about the company that you are about join. Not only should you get enough information on their company background, but you should be able to know their line of products as well. Knowing the vision mission of the company would also help you know their objectives and how you can contribute to the growth of the company as a possible new employee. If you are well informed about the company that you are about to join, then it only means that you are genuinely interested to be part of the said company.

Another tip, it would not hurt to give out a few flatteries. You can praise the company and give out good points. Remember to keep your flatteries at subtle level for too much praise would certainly backfire on you.

Another way of answering the question “Why do you want to work for our company?” is to say that you are looking for a better career move and the company that you are about to join opens opportunities that would improve your worth in terms of work. In return, you can help the company with your work experience and skills.

Lastly, you should keep in mind that you should give your interviewer the impression that you know a great deal about their company. You, on the other hand, should prove to them that you would be a productive and useful part of their company. Always show them your interest and your willingness to be an active player in achieving the company’s objective.

What An Seo Geelong Company’s Services Can Offer You

The majority of all business owners have trouble with directing Internet traffic to their website when beginning. Some are even clueless as to how they can receive more traffic and lose hope as time passes. Don’t be one who loses hope. Instead, you can visit an SEO Geelong company who can help to direct oodles of traffic to your website.

SEO Company Can Help With More Traffic

The advantage of going to an SEO Geelong company for developing traffic, is that you can build up a reasonable amount of traffic in a short period of time. An SEO company that has experience working with SEO Geelong customers is going to have developed a level of skill. The reason is because they work their trade day in and day out, which eventually accumulates to having a greater skill.

In Five Seconds An SEO Company Can Change Your Life

That is, if you take the five seconds to get into touch with an SEO Geelong company you will not regret it. It is going to mean that you have more traffic on your website, and in the long run, the more traffic that you have, the more potential for sales that you have. There is certainly the potential to grow wealthy due to a good SEO company working on your website. What could be more important in those five seconds than getting rich?

Are You Bad At SEO? No Problem! Outsource It To A Company

SEO can oftentimes be difficult for the average person to grasp. This is why it would be useful to outsource the work to an SEO company because not only would you be creating a job, you would be getting rid of the tedious work that you cannot seem to get it, anyway. It is much more efficient to give the work to someone who will truly do a fantastic job.

Look Out! Good Things Are Coming Your Way

Do you ever feel like something is about to hit you? Well, what if that something that hit you was the best thing that ever happened to you? Wouldn’t it be cool if your next million was made due to one of these mysterious, good things coming your way?

When looking for an SEO Geelong company, you want to look for a company that has your best interests at heart. If they seem to be all about making a quick buck, then you would be wise to run the other direction.