Remove Finance Remove Franchising Remove Management
article thumbnail

Choosing The Perfect Business Partner

Women on Business

I had a background in marketing and brand management, and working with concepts and ideas was my passion. But I wasn’t as keen on the business side of things – finances, bookkeeping, and other nitty-gritty that keeps a business flowing smoothly. Later, we were catching up over the phone and I told him about my business.

article thumbnail

Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

Navigating Your Franchise Journey Embarking on a franchise venture is an exciting escapade into entrepreneurship. At this juncture, the guidance of seasoned franchising consultants can be invaluable, offering insight into the complexities of franchise ownership. Financial forecasting and budget management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Unexpected Leadership Lessons that Mobsters Can Teach Lawful Leaders

Leading Blog

These crews kept roughly 75 percent of their illicit profits, passing the remainder up as a type of franchising fee. The mob bosses constructed enduring crime rings using core economic concepts of corporate governance that lawful managers also must follow.

P&L 370
article thumbnail

Is Buying a Franchise a Good Idea for Entrepreneurs?

Strategy Driven

So, should you consider a franchise? Franchise ownership is unique in that it affords the opportunity to own your own business while benefiting from the franchisor’s history, structure and support. Key Aspects of the Franchise Relationship for Entrepreneurs. 5 Risks to Consider Before Buying a Franchise. About the Author.

article thumbnail

Navigating the Challenges of Food Franchise Ownership

Strategy Driven

Initiating the venture into food franchise ownership commences with a pivotal decision – the selection of the right franchise. Financial Hurdles: Securing the Path to Success One of the foremost challenges is securing the necessary finances to kickstart the food franchise.

article thumbnail

Fear of Loss of Group Membership is More Powerful Than Management

Mike Cardus

Management must be OK with the team changing the steps, as long as the change goal is met you cannot micromanage the process. Example – Working with a large Coffee and Bake Shop franchise headquarters wanting the district managers to use Coaching & Feedback as opposed to authority and demands with the franchise owners.

article thumbnail

The Basics of Franchise Accounting

Strategy Driven

Owning a franchise is an easy and affordable way of starting a new business. As a franchise owner, a lot of the heavy lifting involved in starting a business is already done for you. Franchisees can take on an already established brand and don’t have to worry about marketing themselves, as this is done by the franchise centrally.