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Ethics
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How to Investigate a Business Franchise Opportunity
When you are considering investing in a franchise there are a few things that you should consider prior to making any moves. Many think of investing in a franchise as a way to own your own business and be your own boss, without having to do it alone.
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Requirements For A Franchise Business
A franchise unlike other businesses needs to have special ingredients. These include an easily duplicable business model, decent profit margins, strong brand name and future potential for growth. If these ingredients are in place then it becomes easier to recruit the ideal franchisees.
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The Need to Survive; A Death Knell For Organizations
If the need to survive is driving most of your business decisions then you and your organization may be in serious jepoardy of perishing. If this sounds like a paradox to you then you don't truly understand the risks that you are taking by buying into the supposed benefits of such a need.
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Financial Projections in Business Plans
One of the most difficult sections to write in a business plan is the proforma and financial sections. After all it is most difficult to what exact costs you will incur or what level of sales volumes are actually achievable. So often businesses are faced with excess government controls at all levels which take thousands of dollars in fees, additionally legal fees, delays and lawsuits often ensue and slow the project.
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What is a Ponzi Scheme?
Many businesses today are in the category of illegal Ponzi schemes, often without the knowledge of the proprietors themselves. This typically happens when someone sells a business opportunity instead of a product or service. Learn the lesson of Charles Ponzi, a great businessman without a real product to sell.
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Diversity
There has been definite improvement in the area of hiring but it seems that once women and minorities are hired, there are informal, relatively unconscious systems in place that prevent advancement of the minority worker or women, even today.
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Better Business Boundaries
Before you get caught in another good lesson, set up your business with strong boundaries. They create a friendly and ethical structure that allows others to find their place with you. They speak volumes about your professionalism and keep both you and your clients on track.
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Don't Hate Them Because They're Beautiful
People in the workforce are competive. But when it comes to who gets treated the absolute worst, hands down, it's the beautiful women. People THINK that they are treated special.... and they are.. by men. But most often, beautiful women threaten other women and the beautiful women are tortured. This is a wake up call to let people know the REAL story!
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Kmart's Conaway and McDonald Face SEC Charges
In only a few weeks, Chuck Conaway went from relief to indicted. Last month Conaway had been absolved of bad management by a panel of judges. However Federal securities regulators have now charged Conaway and former chief financial officer, John McDonald, of financial fraud. Could coahcing have prevented the downfall of these two executives?
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