Trade & Franchise
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In the wake of recession many businesses have either gone down or have simply ended. But thankfully some kind of businesses never got affected so badly; those are evergreen fields like chemical industries or food industries or restaurant business. So opening a franchise is the best business. Franchise is set up by the company after good research and testing the viability. Right now opening franchise in Philippines is the best idea.
Philippines is said to be the hub of franchise. Since it attracts lot of tourists attention food franchises in Philippines is very popular as it makes the tourists food of choice available in the foreign land. There are numerous franchises for shopping centers. In Philippines franchise does a very good business and more and more people are getting involved in it.
But many precautions are to be taken before opening a franchise in Philippines like a trusted partner should be found, market value of product and demand in location etc should be well researched on. Otherwise a franchise opened without any research or findings can sink terribly into losses. No company would want this of course bigger brands that are universally famous may not have any threats regarding opening a franchise in Philippines but there is no harm in doing research, it will only help. Confidence of brands popularity might turn into overt confidence just to incur losses. As they say Prevention is better than cure.
Health and wellness centers are also on a boom in the country and so opening any such franchise in Philippines can be surely considered. People go to Thailand and Philippines to get treated for various ailments and so having a wellness or health care center can be viable. But not every kind of franchise in Philippines runs successfully, the product has to be in demand or must be unique and extremely useful. A good market research and public opinion may help to open a correct product franchise.
Philippiness franchise association can be consulted in choosing the right kind of franchise to open according to current trend and demand of the market. This would further help the project to become fool proof and totally feasible. These are efforts to make sure that the franchise has enough takers in the market and that the products are in customers demand and will sell like hot cakes.
But some precautions are also to be taken by giving the franchise to someone. The franchisor should have enough knowledge about the product or service. He should be good at interacting with customers depending upon the kind of product. He should be passionate about his business and treat it dearly. Franchise in Philippines has many takers these days and is a very profitable business considering tourist and migrating population to this small but beautiful country.
Trading is sometimes thought to be simple process of buying and selling by a layman. Trading involves many technical aspects that have to be taken into account lest one will end up loosing money and in the end cursing trading.
Training and attention are the key to a successful forex trade. One needs to be very specific about the strategy that has to be implemented while trading forex.
The first and foremost is the Market Trend which has to be observed very keenly. One needs to know the nuances and keep a tab on the trends and the upheavals that the currencies will be experiencing in the near future. Market trends can go up or down or may go sideways. In 90% situations the trends in the forex market go sideways thus a forex trader should always be ready for it and a range bound strategy would be the most ideal to apply in a currency pair. Range bound strategies work both in sideways and trending markets.
An entry strategy has to be in place at all costs and should be clearly defined and followed by the forex trader. This ensures the entry of the forex trader in the market is based on a set of fixed rules which will surely go along way in the profit making endeavor.
On the lines of the entry strategy there has to be a exit strategy in place. This is the point where a forex trader gets paid for all the efforts and the investments he has made in the forex market. You can’t afford to make a mistake over here. A fixed profit objective of 10 to 30 pips is a reasonable profit objective when the average price move of a currency pair is 30-50 pips, that is the goal of the forex trading strategies used in Thinslice Trading.
By following these tips and being alert and attentive in the forex market one is sure to benefit from this trade and take it a long term career prospective to be followed in the long run. Without a strategy and proper planning no trade in this world can fetch you the profits.
Want to swell your coffers in less time and want to know more about forex trading and online forex along with online forex brokers feel free to visit us at :
Guest Blogger: Ray Moore, CFE, Vice President of Development, BrightStar
The successful franchisee will first and foremost find the right fit. The right fit may be the one that best fits his or her financial resources and goals. The potential franchisee should sit down with their spouse and family and ask some hard questions. Together they will have to decide what outcomes they need to realize to consider this venture a success. They will have to separate out the must have or non-negotiable outcomes before shopping for a franchise opportunity.
The couple/family should agree to the following each family will have to fill in the blanks according to their own circumstances. Its a good idea to consult an accountant:
1.We will not invest more than $_____ of our cash/liquid capital.
2.We will not borrow more than $______ in additional funds to capitalize the business.
With any start up, business owners need to have enough money, either set aside or in other income, to cover household bills and run the business for 12 to 18 months. The following questions will help determine how much is needed:
3.To make sure we can still live comfortably while growing the business, we will cut our household budget to $ ____ per month for at least ____ months and be sure to never exceed that budget.
4.We will only buy a franchise that we have confidence can get big enough to feed itself, i.e., income (cash flow) will cover monthly business expenses (fixed and variable costs), no later than ___ months after signing the agreement.
With many new business start ups, the owner will not be able to take a salary for 1-2 years. The family needs to know that household expenses will be covered during that time.
5.We will only seek a franchise for sale that we have confidence will be able to pay me a discretionary salary (enough to cover some or all of household expenses) without harming the business no later than ___ months after signing the agreement.
6.We will generate other income of $___ (amount needed to make up for loss of other income and savings budget) from ___ (spousal income, other household income or investments) independent of the new franchise business.
7.We will only pursue a franchise business opportunity that will allow us to have our initial investment back, i.e., pay off the start up loan from business income, in ____ months/years.
These are just some of the items that typically come up, or should come up, during the conversations leading up to buying a franchise. Asking the right questions will get you the answers you need. Ask them of yourself, your spouse, your family, the franchisor and other franchisees so you can get the full picture of what your life will be like while building your business, and what it can be like once you have established your new franchise.
Ray Moore, CFE, BrightStar
Franchise Operations Manual Template is the blueprint of your business.
Franchise Operations Manual is one of the most important documents needed for each franchise business. It has a great difference from a successful and a profitable business to a misfortunate performing one. The operations manual serves as a guide when running a business and success of whatever business depends on it.
Writing the franchise operations manual can be a frustrating task but it is important that you have to work hard just to finish it. Rely on yourself; don’t rely on the writing ability of others because you are the person who is well-informed about your business. Tips are as follows to give you a guide throughout the writing process.
o Get ready. If this is your first time writing a franchise operations manual, have yourself familiarize first regarding the document prior to writing. Of course every business is exceptional and there are different business procedures in every company. However, it is not necessary that you get into details about this stage. All you demand to do is to get familiar with this type of documentation.
o The first draft. After you have an idea what a franchise operation manual is you can proceed to writing the first draft of your own manual. As you have already observed, the manual can be a large document so you will probably need a lot of time outlining all the information and even more time writing the details. This is where a specialized franchise tool can aid you. Software products are available which can able to provide you the chief frame of the manual you are writing. If you select to use the Franchise Operations Manual Template software, all you will need to do is to customize the ready template.
o Get the draft reviewed. Once the operations manual draft is ready, review it by letting it read by the other members of the management team. They can also add some important ideas since they also know the nature of your business. In addition, when the manual is read by many, there is a big opportunity for you to have a more polished and better work.
o Get the second draft reviewed by professionals. Once you are almost done in your manual, let a lawful professional review it. This can be useful especially when targeting franchisees from different countries.
o Make it official. Once you have the second draft ready, utilize the final corrections and make the official version of the franchise operations manual. Don’t forget that you can still revise it afterwards depending on the market change and the development of your business.
Completing the operations manual can be hard for you but through the aid of the Franchise Operations Manual Template, you can have the comfort in writing. Purchse now the template and get ready to begin your business.
The Federal Trade Commission has finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act (FDCPA) or the FTC Act against companies that are attempting to collect the debts of deceased consumers, if the companies communicate with someone who is authorized to pay debts from the estate of the deceased.
The policy statement also emphasizes that debt collectors may not mislead relatives to believe that they are personally liable for a deceased consumer’s debts, or use other deceptive or abusive tactics. Family members typically are not obligated to pay the debts of a deceased relative from their own assets. The FDCPA limits whom debt collectors may contact after a loved one has died to people such as the deceased person’s spouse and the executor or administrator of the deceased person’s estate.
Since the FDCPA was enacted in 1977, state probate laws have changed, and now, less formal procedures often govern the appointment or selection of those who are responsible for the disposition of the estate. In many instances, there may be no formal executor or administrator of an estate. In the enforcement policy statement issued today, the Commission seeks to reconcile the FDCPA’s requirements with current trends in state probate law.
In keeping with the FTC’s October 2010 proposed policy statement the final policy statement specifies that the agency will not take law enforcement action under the FDCPA if a debt collector communicates about a deceased person’s debts with that person’s spouse, the executor or administrator of the deceased person’s estate, or anyone else who is authorized to pay the debts from assets in the estate. The final policy statement also: Describes how debt collectors may communicate with family members and others to locate someone who is authorized to pay the deceased person’s debts from the estate, and specifies that collectors may not mislead individuals into believing that they have the authority to pay the decedent’s debts when they do not. Specifies that, in seeking to locate someone who is authorized to pay the deceased person’s debts from the estate, collectors may not reveal or refer to the debts, but may say they wish to discuss payment of the deceased person’s bills. States that in keeping with the FDCPA’s prohibition on unfair, deceptive, or abusive collection practices, debt collectors may not contact family members and others at unusual or inconvenient times or places. Emphasizes that, in communicating with someone who is authorized to pay the debts from assets of the deceased person’s estate, collectors must avoid creating the misleading impression that the individual is personally liable or could be required to pay using his or her own assets, or assets held jointly with the deceased person.
Expanding of business at the same time involving interested entrepreneurs in the same has of late gained big momentum. Opening of chain outlets or stores no doubt add to the extensive market presence and an enhanced brand identity. But that involves a good amount of investment besides liability and other factors associated. This is where a franchise business comes into play. Franchising, the practice of using another firm’s successful business model, had been at a nascent stage for quite some time. Today, it is not only in India but also across the world that franchise business is gaining impetus. Offering franchise business opportunities, concerned companies not only see their business expand even beyond geographical boundaries but also get returns. No investment, no maintenance, no liabilities! The franchisor’s success is the success of the franchisees.
Explore the various segments where franchise business opportunities are offered, consider your interests and accordingly choose the right company. If you choose a reputed name, you can look forward towards making some big money in no time. Building a brand rapport takes time and when you get a brand the rapport of which is already built you do experience a win-win situation. You can opt going for a food franchise. Of course, you will have to invest for the set-up, food processing equipments, follow space and food menu conditions followed by the parent group, pay royalty, pay part of income generated and more. Compared to other segments, you need not invest big in a food franchise. You will have to consider the location. The better the location, the more lucrative will be your food franchise chosen.
When we speak of food in India, we cannot think of a counted few items. There are countless food items specific to each region; most of you must have not yet explored the regional food in the towns and villages of each state. Start exploring, especially if you are a travel freak and love exploring cultures. You will be surprised at the countless delicacies with each dish tasting different. Well, food in India commonly offered in the restaurants is same in the menu no matter which part of the country you visit. It can be South Indian food or North Indian food. And again food in India is not only limited to meals; there are sweets, snacks, chaat, namkeen, vegetable snacks, and more.
Those who have tasted South Indian food never let the taste disappear from their palate. Whether it is breakfast or lunch or dinner or supper, they would love to have any of the South Indian food items to appease their appetite. Right from plain dosa, masala dosa, onion rawa masala, rawa plain dosa, rawa masala dosa to plain uttapam, vada sambhar, mixed uttapam, sambhar idli, etc. you have a myriad range of options in the menu to choose from! It is not only in South India but across the country that you will find South Indian food in the restaurants.
A contract for Difference or simply CFD is a powerful tool in the Australian share marketing scene. A beginner should definitely learn to trade with this tool among many others that he picks up through the learning process. Being consistently successful in CFD trade is some task. This trade is completely different from that of shares and warrants. In share trading, you lose money if you do not know the nuances to go about it. Before trading CFDs learn more about the techniques and strategies involved in it. Once you understand these strategies protecting your capital would become an easier task.
When you learn how to trade CFD, check for aspects like proven and tested techniques. Since this is a highly leveraged product charts out the trading strategies which are the most profitable. Learn to know where to enter the trade and where to make an exit, in your CFD trading education. Focus on managing your leverage and back test your CFD plans. There are different market models for CFD and you shouldlearn to tradewhile getting accustomed with them as a part of your CFD education. In good online educational sessions, you are exposed to webinars and forums. Besides access to expert practitioners and you also have an email support to clarify doubts and obtain other help.
Learn to trade CFD by applying the basic principles and managing the risks. With such knowledge you are competent enough to get safe profitable results. Be it CFD, trading or any other business, it is wise to know the flow of the business and the dangers expected from it, before investing any money in them. Learning CFD from an expert will keep you well prepared for the rest of your future in CFD. There are numerous online classes and others where you could personally visit. Check the one that suits you the best.
The phrase, legal for trade scale means, a weighing scale, which is granted the legal permission to be used for commercial operation. Such a scale is used for weight measurement in a manufacturing, retail or trading facility where accuracy in the weight is of paramount importance. The National Conference on Weights and Measures (NCWM) runs a program called National Type Evaluation Program or NTEP to oversee the enforcement of guidelines laid out in handbook 44 of National Institute of Standards and Technology (NIST).
The program ensures that manufacturers, users and officials from the department of weights and measures interact and cooperate with each other, and implement the guidelines of the program so that manufacturer can manufacture and sell the legal for trade scale for commercial purpose, without compromising the quality.
A legal for trade scale ensures fairness and transparency during the commercial weighing operation because it has a -legal for trade- indent marked on it. This mark guarantees accuracy in measurement because the concerned weighing scale is manufactured and tested according to the guidelines of the program. To make the weighing process more transparent, the weighing scale, which does not have a dual display unit, is marked as -not for direct sales-. This latest addition, aims to make it compulsory for all such scales to have a dual display unit instead of a single unit. A dual display unit allows the customer to have a clear and direct view of the weight reading. Hence from now on legal for trade scales, which have a dual display unit, will be used where both end user and customer are present during the weighing operation.
Before a weighing scale is indented with the legal for trade scale mark it has to under go a series of stringent tests. The scale is subject to testing under different environments and all the results are noted. The features advertised by the manufacturer are thoroughly checked. If they conform to the program guidelines the scale is granted the status of, legal for trade scale and can be used for commercial operations. In the end a legal for trade scale makes weight measurement very easy, precise and transparent for end users and customers. You can see a range of legal for trade scales at www.paylessscales.com.
About Author :
Lawrence has been in the weighing machines industry for the last 14 years. He has been interested in the penetration of digital scales across various market segments. He has participated in the wide adoption of digital scales such as floor scales by small, medium and large businesses. His special area of interest has been maximizing the value proposition of a digital scale. You can know more at www.paylessscales.com.
When it comes to buy a Subway Franchise, the first think which clicks in the mind is that how you will go to finance it?. Buying a Franchise or coming in the food chain business involves various things like setting up the restaurant, arranging for the shop fitters to fit out the shop accordingly, kitting it out with all the required catering equipment, fitting all the tables and chairs, and many more. That is the reason people usually look for a financer before buying a Subway Franchise. By having a handsome amount in their hand theyll be able to effectively budget their monthly outgoings through a monthly finance package to operate their business immediately with all the equipment they need.
Own a Subway Franchise only by going through the process of financing, as by doing this you are keeping your available capital in the bank, leaving it available for other important business expenditures. It will provide you liquid flow of cash to run the day-to-day business activities. You cant imagine how easily youll get back your return on investment easier by opting to tailored franchise finance package. It will benefit you by lending maximum money to your bank account each month on your lease agreement.
No one can deny the popularity of Subway, not because their unique chain of restaurants but for the quality they provide with mouth watering sandwiches. There is hardly any need to mention that their high profile advertising campaigns and their ongoing popularity and excellent menus are certainly attracting potential franchisees from all over the world. They all want to open their own Subway franchise and want to take a part in the active race to success. If you think about it you almost get it, enormous flexible finance packages on the market are available. It allows you to build in the franchise fee with all useful equipment that goes into the Subway restaurant.
Fulfill your desire to owe a business related of fast food industry by buying a subway franchise. This is the only platform where food have both moderate as well as healthy flavor
The best answer to that question about a car wash franchise depends on your comfort level with taking risks. Every business has risks involved and car wash franchises are no different, however they do offer a unique opportunity in a cash business.
There are a few things you must consider before diving into the car wash franchise industry. The first decision is to decide what type of car wash franchise system you want to own. You have the option of a fully automated system that does all the work for you or you can choose to have a partially automated system that will require employees to finish the work. At first glance the fully automated one seems like the most logical choice but having more running equipment can mean more expensive things that break down and need fixing. Don’t forget that if your machines are down, cars aren’t getting washed and no money is coming in.
Choosing the right location for a car wash franchise is practically the most important thing you can do, and I’m talking more about cities than specific locations. Seattle rains about 300 days per year and people aren’t really interested in washing their cars there. On the flip side, sunny southern california barely has rain and people in socal really want to keep their car looking clean.
In talking about cash flow for a car wash franchise, one immediate hurdle is the initial franchise start up fee which ranges anywhere from $1,000 to $100,000. Typically they are in the $20,000 – $30,000 range. Some franchise fees are even non-refundable even if you decide to not buy the franchise. Make sure you find that out before you put any money down.
Another major cost of owning a car wash franchise is the royalty payments. They typically range from 3% – 6% of gross sales, not net profits. Some franchises have minimum monthly revenues no matter what happens in your business. So if you have some slow times or it rains 14 straight weekends in a row, you still gotta pay the minimum requirements.
Don’t forget that other typical car wash franchise expenses include equipment, signs, working capital, advertising fees, etc. Equipment could be anything from chemicals to car accessories to cash registers.
Bottom line is that owning a car wash franchise for cash flow is a proven business system as long as all factors are taken into consideration and smart business choices are made.