Franchising - The Licensing Of Trademarks And Methods Of Doing Business

Franchise is a method of doing business by licensing trademarks. A recurring royalty fee being the prime source of income, the advent of franchise business dates back to the 1850s. The earliest example being the bars of New South Wales, the agreements between these bars and the breweries can be considered the foundation for modern franchise businesses. Further examples of early franchises include the telegraph system (operated by various railroad companies but controlled by W...

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franchise,franchising,business

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Franchise is a method of doing business by licensing trademarks. A recurring royalty fee being the prime source of income, the advent of franchise business dates back to the 1850s. The earliest example being the bars of New South Wales, the agreements between these bars and the breweries can be considered the foundation for modern franchise businesses. Further examples of early franchises include the telegraph system (operated by various railroad companies but controlled by Western Union) and exclusive agreements between automobile manufacturers and local dealers.

The term franchise holds multiple definitions. Encompassing a plethora of varied business relationships, franchises sometimes do not follow their legal definition per se, for example, an appliance maintenance franchise. In this case, though the after sales services are supposed to be done by the manufacturer, they grant the license for maintenance to some other party, thinning down further the dividing line between outsourcing and franchising.

A franchise agreement is the first step between the willing parties; the agreement binds the parties together through contractual provisions, strengthening further the arrangements of selling one’s own products or services through another person holding the license. The agreement also specifies the area of operation under the franchise holder, though the franchise provider usually denies a complete and exclusive control of the franchise holder over that particular territory. Franchise in the US abides by the jurisdiction granted by the state and federal laws though there is no federal registry of franchising or any federal filing requirements for information. However, franchise holders are required to have a Uniform Franchise Offering Circular (as per the Federal Trade Commission rules); it helps in disclosing the business transactions and purchases that remain involved. As of now, the Financial Times declared that if sales by US franchise businesses were translated into national product, they would qualify as the 7th largest economy in the world.

Franchise-based restaurants opened gates for the wave of franchise businesses since the 1930s. First came the traditional sit-down restaurants (Howard Johnson's) and then McDonalds in the 1950s rendering United States a franchise business dominion to the point where proprietorship business has become the exception rather than the rule.

Doing Business In The Future - Business Process Management

Business Process Management (BPM) is a set of activities performed by organizations to improve or streamline their business processes. Since software tools are usually used to aid these activities, these software tools are referred to as Business Process Management Systems.

- Business Process Management Systems

Business Process Management has been in place for some time now. Due to the introduction of software tools, however, there has been renewed interest in the body...

Keywords:

business process outsourcing,business process reengineering,business process improvement,business process consulting,business process modeling,business process management tool

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Business Process Management (BPM) is a set of activities performed by organizations to improve or streamline their business processes. Since software tools are usually used to aid these activities, these software tools are referred to as Business Process Management Systems.

- Business Process Management Systems

Business Process Management has been in place for some time now. Due to the introduction of software tools, however, there has been renewed interest in the body of knowledge pertaining to BPM. These software tools make design and implementation of Business Process Management easier, cheaper, and more efficient. There are three categories of Business Process Mmanagement activities - design, execution and monitoring.

1. Design

Designing BPM involves capturing the existing processes in a business environment. These processes must be modeled in a way that they can be simulated and tested. Modeling these processes usually involves graphical representation methods that document the processes and stores this data in repositories.

2. Execution

Traditionally, to implement automation in a business organization, developers would have to be contracted to develop applications that automate certain processes. Unfortunately, the scope of these projects was often too narrow. The result of which is that the automation is not well integrated into the business environment since the automation only deals with a particular department or function. BPMS champions a method that pushes for the development of applications that encompass the entire business process. It aims to fully automate the business environment only stopping to query the user when human intervention is absoultely necessary.

3. Process monitoring

Process monitoring involves observing and taking note of the performance of the individual processes so that evaluation and intervention become more straightforward for the business organization. From the information gleaned from here, the business organization’s leaders can make further decisions on the direction the business process takes. The data from this activity can be used to generate different kinds of statistics that are necessary when having to make critical decisions. Business Process Management is an iterative process.

4. The Future

Although BPM strives to automate the mechanical processes of a business, there has been interest in developing BPMs that move into the territory of human judgment. Some of the processes involved in a business environment are not included in the automation because some sort of human decision is needed. With the growing complexity of information systems - especially studies into decision support systems and artificial intelligence - some human decision-making processes can actually be automated. This is the future goal of BPM, to futher automate previously unautomatable processes.

- The Business Process Management Ideals

In 1920, Frederick Taylor outlined three waves of business ideals in managing processes. These waves represented the ways of thinking business process engineers had.

Wave 1. Processes Set In Stone

They are secured in business policy manuals. The manual is the basis of the process, and the organization has to abide by it.

Wave 2. Processes Changed Once In A While

Using a one-time activity, changes can be made. This means that the business would have to build their processes around a fixed system since change can only come once in a while, and at a great cost.

Wave 3. Processes On-The-Fly

The primary consideration in such systems is flexibility to change. Businesses that adhere to this goal create business environments that can adapt to its changing needs. This setup also allows the business to constantly fine tune its operations. This wave is not about business-process reengineering. It is about maintaining an environment that is constantly on its toes, ready to adapt to the circumstance, and maximize its strengths while downplaying its weaknesses.

Change is the only constant, they say. In this modern day and age, this could not be truer. The survival of a business could very well rely on its ability to constantly tweak its processes according to the whims of change. With the growing body of knowledge concerning Business Process Management, the path towards a sustainable market advantage based on a streamlined, flexible business organization can only get clearer.

Doing Business Online: Get Leads In Real-Time

The advantages of doing business online—regardless of what industry you’re a part of—is the fact that you can enjoy the perks of a round-the-clock business without supervising it simultaneously. You also have the benefits of generating responses in real-time and creating an effective database from where you can store the crucial information in your business.

Real estate, like many other enterprises, relies heavily on the leads to which it can market its product. More than ...

Keywords:

real estate leads, realestate leads, leads

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The advantages of doing business online—regardless of what industry you’re a part of—is the fact that you can enjoy the perks of a round-the-clock business without supervising it simultaneously. You also have the benefits of generating responses in real-time and creating an effective database from where you can store the crucial information in your business.

Real estate, like many other enterprises, relies heavily on the leads to which it can market its product. More than any other business enterprise, however, it has taken great advantage of the virtual realm of the Internet. Many arduous tasks usually performed by real estate agents have been facilitated or taken over by the Internet. This, however, has not been such a bad thing.

One of the most beneficial benefits of the Internet to the real estate industry is the fact that instead of having clients visiting open house shows or model units, they may opt to view the real estate in the comfort of their own home. This is done through virtual tours of any real estate property. Virtual tours can be advanced enough to integrate full navigation of a virtual counterpart of the unit or property you are selling.

Given that your would-be client has complete access to information you usually would provide in person, how then can you make sure that you can still get leads out of these virtual tours? Maximize the potential of the Internet and make sure that while they are clicking away in their virtual real estate tour, they provide you with further information through which you can get in touch with them or send them other information about your venture.

Another option is to tie up your content with the information you need. This means that for them to be able to view your real estate video or take a virtual tour, they will have to provide you with an email address or the like, or sign up for your newsletter. This way, you can keep track of who’s taking your virtual tours, and moreover, keep interested those who seem interested by providing supplementary materials right to their inboxes.

After the virtual tour, you may also create a page designed especially for online referrals. Don’t hesitate to ask the visitor to enter the email addresses of friends should he or she be impressed with the virtual tour. Send these referred email addresses links to your website and to the virtual tour, and you will find your leads increasing exponentially.

Doing It the Digital Way

Short run digital printing has helped a lot in a much easier printing process. It has opened countless ways of economical printing options that were not previously available.

Keywords:

short run, digital, printing, promotional material

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Ever wonder why many people are opting for digital printing than traditional printing? Well, modern technology has allowed many people to start their own business even with a minimal capital. Because of these, many businesses are taking advantage of what modern printing techniques can offer. Just the same, small businesses are not the only ones who can take advantage of this opportunity but also those big businesses. Instead of having their small print projects done with their regular print shops for quite a big cost, they can save a considerable amount of money from having them printed the modern way. Additionally, modern technology printing allows you to periodically update your promotional materials, hence reducing the risk of printing large quantities of materials with expiring information.

The 21st century boasts of technological advancements, making all printing needs much easier to avail. This is indeed the digital age. Without a doubt, digital printing has helped a lot in a much easier short run printing process. It is now possible to print five hundred or just fifty copies of catalogs or brochures in full color when you need them. Short run digital printing has opened countless ways of economical pressure-sensitive printing options that were not previously available. Imagine the quality of lithography and the economy of flexography combined in the efficiency of digital printing. You can save time and money by sending your files directly to printers avoiding the conventional steps of film and plates for affordable, easy and fast digital short run printing.

Additionally, color printing is the craze today. Black and white prints are no longer the way to attract customers. Obviously, people would be more captivated by flashy flyers, brochures or posters. That is why most business owners are opting for color printing. And once again digital printing has offered a lot of faster, more affordable choices when it comes to color printing. On top of this, digital printing allows a faster way for you to reach your customers, with your message and ideas reaching then sooner. Digital printing is just simple as having it printed today and handing it out to your customers the next day.

For your print jobs to run smoothly and timely, it is essential that you make sure that your files and documents are properly prepared. Hence, when you are able to get the right short run digital printing service, earning profits is as easy as having your prints jobs done in a day.

Someone you know is selling a home? Had successful experience in doing so before? For someone who’s never done it, home selling can be frustrating. If you think you can help selling a home, it usually means you’ve had enough satisfaction doing it before, and is willing to do it again. Good for you (and for the confused homeowners).

Earn Money Doing Simple Data Entry World Wide

People living in all parts of the world are looking to change their lifestyle utilizing the access given us through the Internet. Many are looking for a Work At Home program, but finding it difficult to find in some parts of the globe. One online work at home program that is extremely popular and accessible is Data Entry.

Keywords:

data entry job, at home data entry, worldwide data entry, home data entry, typing simple data entry

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People living in all parts of the world are looking to change their lifestyle utilizing the access given us through the Internet. Many are looking for a Work At Home program, but finding it difficult to find in some parts of the globe. One online work at home program that is extremely popular and accessible is Data Entry.

Data Entry is available worldwide so that makes it one of the most used programs to generate income currently on the web. The other factor is its similarity to processing rebates in that we feel comfortable doing the task required.

Why work at home? Well the earnings potential is unlimited and I have found that you spend less time working and make more income then the typical day job. For some people that do not have a job or cannot find a job it gives them a fair chance to take care of their family and enjoy life.

When you are doing your research on the web you will find various types of Data Entry programs available for you to choose from. Doing the proper research is key to your success. I recommend either using a website like mine, but not necessarily mine, that has done some research for you. You can spend days doing it yourself, but if you are like I was in the beginning, I did not even know what to look for in an online company. I can tell you it's not looking for the most attractive ad that promises everything for nothing.

Effort is required, If you are looking for something for nothing, this is not it. While the time required is minimal and you can set your own hours, you will have to do some work at home to earn money.

Another important thing is your work at home profile. Ask yourself the following questions:

* How many hours can you put into your Work At Home endeavor?

* How much money do you realistically want to make?

* How quick do you want to start earning money?

* Do you want a Home Based Business or simply to Work at Home?

* What are your current skill sets?

* What types of things are you comfortable doing?

* Can you exercise patience, while working from home for money?

* Are you willing to invest the cost of going out to dinner and a movie with your family or a friend into your future?

You may think of other things, but if you have answered these questions you have a good idea of your work at home profile. So what should you do next?

Well, you should do your research, narrow down your choices to 2 - 3 programs that match your work at home profile, join and start working from the comfort of your home. Please feel free to read both this article or one of my many others by visiting my link in the resource box below. I always enjoy getting emails pertaining to my articles or my site. Your feedback is important to me.

Give you and your family a chance at a b better life. Many people are doing exactly that.

Doing What Comes Naturally In Your Home Business

No, this is not going to be a racy article, but it is a valid comparison of the topic at hand. For those who are native English speakers, that phrase in my title usually has to do with reproduction. That’s a topic I want to discuss with you in your home business.

When I got started thinking about my home business, I came from a technical background. I got to thinking about all the complex ways I would leverage my skills and setup a marketing system for my home business tha...

Keywords:

home business, work from home, entrepreneur, make money

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No, this is not going to be a racy article, but it is a valid comparison of the topic at hand. For those who are native English speakers, that phrase in my title usually has to do with reproduction. That’s a topic I want to discuss with you in your home business.

When I got started thinking about my home business, I came from a technical background. I got to thinking about all the complex ways I would leverage my skills and setup a marketing system for my home business that would be ….well in my opinion, genius.

I got to figuring out all of how I was going to put this system together, and then it dawned on me as I was listening to a trainer in the home business area. This trainer was making the point that when attracting people to your home business, they have to see at least two things right from the beginning: The first is abbreviated like a radio station – WIIFM – or What’s in it for Me?

The second thing people want to see is that they can do it too! It hit me at that point that if I was working on some great marketing system that took a lot of the skills I have been blessed with, then it would require someone with at least as much technical skill as me to reproduce what I had done.

That’s why I picked the title. Reproduction is vital to many home businesses that are leveraged or networked. Whatever system you use for your home business, if you want others to join in and have success, then they have to be able to reproduce what you have done.

Whatever system you have for marketing your business opportunity has to be reproducible. Not only is it not a good idea to use some very complex technical system, it is also a bad idea to invest some huge amount of money into marketing, and then expect to attract people into your home business that want to be able to do it with little money.

If you haven’t yet joined a home business opportunity, be aware of the process you go through when you learn about one and decide if it is for you. Look for one that has a very reproducible system for growing your home business. If you can find that, then you have more of a mass appeal to many people from all walks of life and economic statuses.

No matter how good a product is, or how great a compensation plan offered, make sure every part of this home business opportunity is reproducible by the type of people you are looking to as your market. From marketing to enrolling to training – the best system is easy to use, and won’t scare people away or discourage them. Keep looking, there are many reproducible businesses out there!