GlobalBX Entrepreneur Business Articles - November 2011Does a Franchisee Need a College Degree?You will be surprised to know that franchisors consider other factors more important than one’s level of education as far as a franchise business is concerned. Having a college degree does not ensure one’s success as a franchise owner. There are “transferrable skills” that the franchisor can teach an individual outside of a formal education. […] SBA Loan Volume at All-Time HighNetwork Solutions reported that the US Small Business Administration announced a record volume of loans in fiscal year 2011. This volume is the highest in its history. The first quarter of 2011 was also the most active single quarter ever for SBA-backed loans with over $12 billion. This is more than double any quarter in […] We’re Just Trying to Find Our Place in the World“I wouldn’t make a hasty decision. Nobody can make a snap decision. We’ve got to consider the pros and cons, make a list, and get advice.” – Frank Stark, Rebel Without a Cause, Warner Bros (1955) Since the mainframe days, people have complained that IT was slow to respond, slow to deliver, over budget. Unisys’ […] Franchises Compete for International ExecutivesBloomberg reports that restaurant chains like Domino’s Pizza, Dunkin’ Brands and KFC are looking at expanding their businesses overseas, especially in China where restaurant sales have risen significantly. Restaurant companies have been experiencing declined sales in the past two years here in the U.S. and are now looking outside of the US for more sales. […] 7 Negotiating Tips When Buying or Selling a BusinessA person buying or selling a business needs the temperament and correct negotiation skills to successfully close the deal. It used to be that people think you are a good negotiator if you push for what you want and you get it. This mentality is passé. Today, deals are made by parties willing to find […] 10 Things Business Sellers Won’t Tell You“Have you ever dreamed of owning your business and be your own boss?” the ad said. “Report to no one and make thousands of dollars in the process? Sign up now for our exclusive business opportunity. Success guaranteed.” There’s a hidden trend in the past 10 years or so. A trend unnoticed by the general […] Getting the Best Terms When Buying a BusinessYou have dreamed of owning a business. Now that you have found the right one for you, negotiate to buy the business. You do not want to end up with terms that can ruin your opportunity before you even take over the business. Negotiations will evolve so you must have an open mind and a […] How Top Management Views Performance Appraisal SystemsA survey of human resources professionals recently found a surprisingly high number of them lacked confidence in the effectiveness of their company’s performance-management system. Though 91% of respondents said their organization evaluates performance, only 47% said the process is effective. It gets worse. Only 47% of respondents said their appraisal system helps their organization achieve […] |
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