The business Advisor: Tips, management, planning among other topics

Small Business

Franchises - Definition, Advantages and disadvantages

Thursday,October 27 ,2011

A franchise is a commercial system or business scheme in which both the franchisee and the franchisor have a legal agreement where the franchisee manages the business according to terms specified by the franchisor.... Read more

RSS Feed

Compiled Guides

Recent comments

Carl said I think that franchises are a good option for anyone who may want to have initial success. It is a proven way to start a business.
sheikh Mukhtar said real you have presented realistic picture of women through this article
Vicky said That's what generally happens with small businesses turning big overnight. When you keep it small, it has that homely feeling to it. Taking the cafeteria as an example, you'd go in a feel like a regular. You'd see familiar faces, that may even know your order, and you'd feel like you belong. It's very hard to transmit that to big successful businesses, because they need more employees to serve more people, and you feel like in a crowded place. I've read tons of biographies like Mark Zuckenberg, Yuri Mintskovsky, and even Bill Gates, but those were kind of internal oriented businesses and they were easier to keep successful. When you have a business that deals with people directly, like the cafeteria, it's easier to manage and keep the customer feeling like he belongs.
Vic said Market segmentation is important for targeting our market. It's like the saying "divide and conquer". A businessman or a marketer, to achieve success should be specific and explore things in details. Thanks for your article it is helpful and very informational.
Jacob said Something else to consider when outlining various business processes is where you can leverage technology to increase returns, lower bottom lines, etc. My most recent find is at which covers sales commission statements. Good luck! Jacob