Tag: Start A Franchise
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Time Value of Money: How much is your time worth?
Introduction to the concept: Time Value of Money A very old proverb says, ‘A bird in hand is worth two in the bush.’ Some people might believe it to be absolutely correct, and maybe when this proverb was first coined, it even might have been the case. And while the tables might not have turned…
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Stories from Franchise Land – The Subway story
A guy named Fred Deluca, looking for some funds to get through his medical tuition fees, borrowed $1000 from a friend named Peter Buck to open a sandwich shop in Bridgeport, Connecticut, in the year 1965. The name of that shop was Pete’s super submarine, and a year later, there was a holding company formed…
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Franchise Management Software: An Introduction
Franchisee business is a two-fold retail model in which one party (the franchisor) allows to use their brand name to the other party (franchisee) on specific terms and conditions and clauses regarding the agreed-upon revenue sharing between both parties. The franchisee uses the business model of the franchisor to widen its customer base. This franchising business…
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Unprecedented Crisis: Time to identify your Goals
Covid -19 has struck the world, in a massive way effecting health and economy in a major way. The pandemic has struck globally ranging from the most developed countries to the developing countries and the authorities are struggling to save lives. This has not only impacted the daily life but has also impacted the employment…
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Does Education Background Matter As a Franchisee?
Does Education Background Matter As a Franchisee? The big step of stepping into the business sector makes many contemplate if they have the necessary qualifications to pursue the same. Educational qualifications are a pre requisite in order to excel in any field but is it same in the case of owning a franchise? This is…