article thumbnail

Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

Technology Integration in Franchises The infusion of technology into franchise operations is an accelerating trend redefining industry standards. Effective technology adoption can streamline processes, foster customer engagement, and optimize the franchise experience.

article thumbnail

How can I start my own business?

Strategy Driven

Consider an exit strategy: A business that is built with passion and obsession does not come with an exit strategy. If in the beginning, you think of how to exit the plan, you will see a lot of negativity everywhere. Do try to work it out, as success doesn’t come overnight. About the Author.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

I Want to Start My Own Business But How?

Strategy Driven

Modern advancements in technology have made it easier than ever before to start your own company and become an entrepreneur. Despite the fact that you’re yet to start your company, this is a good time to think about your exit strategy. Determine how much money you’d want to one day sell your business for.

article thumbnail

7 Things You Should Consider When Choosing a Cloud Solution

Strategy Driven

Cloud technology is expanding rapidly because of its many benefits. If the vendor doesn’t use their own data center and cloud technology, what does their service provider do to protect your data? An Exit Strategy. However, not all cloud solution providers are the same. How are they protecting your data?

article thumbnail

Walking Away from the Big Bucks in the Pursuit of True Balance.

Women on Business

This awareness helped cement my corporate world exit strategy. Toward the end of 2005, I started preparing my exit strategy. It was time to let go of the illusion of control that the “big bucks&# created. Don’t get me wrong, big bucks rock! No longer a company creature; my job was surely destroying my soul.

article thumbnail

Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds

Harvard Business Review

But there was one problem: my business plan had no exit strategy. They all asked exit strategy questions and my answer, naively, was that we would grow revenue and share profits! But for entrepreneurs in developing nations, especially Africa, the exit strategy can be a challenge.

article thumbnail

Nurture Entrepreneurs in Africa

Harvard Business Review

The second develops useful technologies and makes them free. Investors cannot put money into most ideas because the exit strategy is limited. Thinking how to exit at the beginning is very important. Ndubuisi Ekekwe is a founder of the non-profit African Institution of Technology.