Numbers and statistics play an important role in shaping
public policy and opinion in the modern age. Because they are supposedly
complied by experts
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can be dangerous, since many popular statistics are inaccurate or just plain
wrong. Take for example the restaurant-failure myth.
For decades, people
quoted a statistic that said that 90 percent of American restaurants fail in the
first year. No one really knew who said it first, but they repeated it so often
it became an unquestioned fact. The only problem was it wasn’t true. In fact, it
wasn’t even close. Most modern studies have found that only around twenty-five
percent of restaurants close their doors in the first year.
Of course,
opening a new business is still quite risky. Hard work alone many not be enough
to ensure success. It is for this reason that many potential business owners
consider franchising as an option. While far from foolproof, this proven
business practice is probably less risky than starting up a new company. How
does it work?
Franchising is the quickest and often safest way for a
company to expand into new territories. Instead of taking the time to build each
new location and to train the staff, they simply give qualified applicants the
legal authorization to sell their products andor services for a fee. The concept
is effective because the new owner doesn’t have to invest untold sums to attract
new customers
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since most folks are already familiar with the brand and its products.
Some of the top franchises have failure rates that are in the single
digits, which is well below the national average. However, it is important to
not fall prey to the numbers game. Even if they sell similar products, two
franchises can have drastically different failure rates. For example, Subway
sandwich shops have a failure rate of around 7 percent, while Blimpie sandwich
shops have a failure rate of 46 percent. How could this be? They both sell
pretty much the same things.
There are dozens of different factors that
determine the success or failure of a new franchisee, and not all of it depends
on the products or services they offer. Proven franchises generally take a much
more active role in how their franchises are run. More often than not, they will
help the new owner train his
staff
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Jerseys , assistant him in obtaining financing, keep him abreast of
marketing plans, and even help him scout new site locations. They take these
extra steps because growing franchises have a vested interest in a new owner’s
success. Not only does it mean more in franchise fees, it may also result in
future expansion. Multiple owners are the single most important group for
franchisors. These are owners who have proved that they can operate profitable
franchises and are therefore encouraged to open additional stores.
As
exciting as the prospect of owning a popular franchise location may be, you
should never sign anything without consulting a franchise attorney. There are
tens of thousands of franchisors in America and all of them ask their
franchisees to sign contracts or agreements. Some of these contracts are
negotiable, while others are set in stone. An experienced franchise attorney can
peruse these documents for you to make sure everything is copacetic.
What
might they find?
As a general rule, the more restrictive a franchise
contract, the better. It might sound
strange
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but franchisors that actually care about the success of their new owners are
more likely to make them sign non-negotiable contracts. They do this because
they have complete confidence in their business models, but only if it is
followed to the letter. An experienced franchise attorney or business litigation
lawyer will be able to determine how much training and support the franchisor
will provide. Valuable Pointers To Use When Marketing Your Dog Breeder Valuable
Pointers To Use When Marketing Your Dog Breeder March 21, 2013 | Author: Adam
Stossel | Posted in Business
To grow your dog training and breeding business, you must definitely increase
the frequency of sales and the currency amount per sale. You can do this by
performing total customer service satisfaction. Here are simple methods on how
to grow your business.
Appointment cards are an excellent promotional tool. If your dog training and
breeding business is the type that people need appointments for, creating some
great-looking appointment cards will be very beneficial. Even if your business
isn’t the type that needs appointments, you can make fun appointment documents
for people to write down appointments that they do have, while having your
business name on there.
Expand your dog training and breeding business by incorporating a SEO
strategy. This may mean selecting a SEO expert ; however, you can make a few
changes yourself by adding keywords to all of your online content and posting
fresh content regularly.
Knowing your partners views on something may be just as important as forming
your own views. Remember
Wholesale
Jerseys From China , a partnership is an equal contribution and it
requires communication between you and your partner to exist equally. Next time
ask for their opinion and help before making any important decision for the dog
training and breeding business.
Giving away free items is your ticket to dog training and breeding business
success. Have items with your business namelogo on them, have it accessible at
your office or at other businesses that allow this. Guess right away – banks
always have free pens, people look at the pen and remember the name, correct?
Be competitive, but also be cooperative. Striking a balance between these two
extremes will help your dog training and breeding business be successful in the
long run and allow you to
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