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Posts made in May, 2011
There are a million struggles that new business owners face when opening a new company. You have to worry about everything from operations to customer service to logistics, finance and marketing-not to mention actually providing a good or service to your customers. One of the major benefits of joining a franchise system instead of going out completely on your own is that much of the planning and creation of best practices has already been done for you, and you are able to jump right into an industry with a large base knowledge...
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While it’s important to finding a practice that works and stick to it, it’s crucial for business owners to shake things up every now and then to yield better returns on your time and increase productivity – employees’ and your own. So ask yourself:
1. Are you and your employees doing things the quickest way or just the way you’re accustomed to?
Take a look at your processes and procedures and try to think of more efficient ways to handle tasks that eat up too much time. Companies tend to stick to...
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A fast growing trend in franchising is to buy more than one franchise location within a system and to buy multiple franchises from all different brands. There are a number of reasons why this trend is growing in popularity.
Why folks buy into franchises and more than one location within a system:
· Learning curve – If you start your own business from scratch, you will have to start from the ground up. You’ll have to make a lot of mistakes – many of them costly and time consuming. Starting off under a...
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