Archive for June, 2011
Franchise Business in India
With the advent of global players in the arena the whole perception of the business has changed. Franchising business has become a trendy business formula these days and is gaining strong grip in India. We can claim that it would be the wave of future business in the country.
Franchising is the practice of doing business involves the use by a person (franchisee) pursuant to a license of another person’s (franchisor) business model, name, image and business identity along with his confidential know-how to make use of intangible assets in a particular territory for a specified period with or without assured financial return to the franchiser. For the franchisor, the franchise is an alternative to building ‘chain stores’ to distribute goods and avoid investment and liability over a chain.
Tags: annual turnover, business identity, franchise association, franchise business, franchiser, franchising business, global players, impressive growth, intangible assets, urban consumersRelated posts
Writing a Business Plan is Not Something to Delegate
Writing a Business Plan is Not Something to Delegate
Among the very first decisions you, as a future business owner must make is whether to write your own business plan, or turn that over to someone else. By taking ownership of this first, most important step in building your business, you will gain far more than a crisp document to be read by others. You’ll develop a deep understanding of what it will take for your business to succeed. For this reason, it is essential that the business owner be the primary thought leader or sole author of the business plan. Outside help should be reserved for fine tuning, validation and in some cases to prepare financial projections.
Let it be YOUR plan.
Tags: being a leader, business plan template, charting the course, discipline problem, financial projections, personal vision, self confidence, sole author, thought leader, writing a business planRelated posts