The idea of franchising is a couple of centuries old. The franchising business and world economies have developed simultaneously. The term ‘franchise’ comes from old French where it meant freedom, or privilege. Franchising goes back to the olden days when the feudal lords granted consent to their slaves and common men to hold fairs, markets, […]
Tag: business
How a Group Purchasing Organization Can Save Your Business Money
GPO’s (Group Purchasing Organizations) have been around for around ten years primarily in the medical market. The basic notion of a GPO is a group of companies can come together and buy products cheaper than any single company can. This model may or might not be beneficial for your Coca-Cola’s, Wal-Mart’s, or Johnson & Johnson’s […]
Making Cultural Differences Work In Your Business
Advancements in technology have made the world so much smaller, do not you think? We was separated by mountains and seas, culture and color. But today on the highways and byways of the world wide web, we are but a single mouse click away. Consider this for a minute. You and I may be thousands […]
Take Away the Fear
Starting a business can be a scary proposition. But if you take five important steps, there is a way to eliminate the anxiety. 1. Research. Knowledge about your market, your targeted customers, your own advantage, and your competition can supply you with clarity — and position you to be critical about your chance. 2. Protect […]