#business partner wanted
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USA Business Partner Wanted Classifieds. We provide a friendly local platform to the consumers to buy, sell and trade.Users from all over United States can place their ads related to jobs, merchandise, cars, rentals, services, personals and community.It is completely free to post an Ad on this website.
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Earnings real American launch is scheduled for early September it’s free of risk free investments up to $ 25 per hour for viewing advertising from Yutuba or up to $ 250 per week or $ 1,000 a month, the company is not present, for more information, follow the link.
New York, New York
Earnings real American launch is scheduled for early September it’s free of risk free investments up to $ 25 per hour for viewing advertising from Yutuba or up to $ 250 per week or $ 1,000 a month, the company is not present, for more information, follow the link.
Los Osos, California
If you living in an area where there are lots of Filipinos and you might be wondering what kind of business on the Filipino community would be a profitable business for you. WELTV FREE IPTV takes care of overseas Filipino workers (OFW) and their families For most.
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#small business investment
Small Business Investment Companies (SBICs) are privately managed for profit investment funds that use privately raised capital and guaranteed SBA loans to provide long-term loans and equity investments to qualifying small businesses. Because SBICs seek attractive net returns for their private investors, SBICs use their own investment criteria and processes to make investment decisions. SBA has no influence over SBIC investment decisions.
SBIC financing may not be appropriate for all types of businesses and financing needs. Please visit Is SBIC Financing Right for your Business. If you decide to seek SBIC Financing, How Should You Seek Financing from an SBIC? provides some tips for approaching SBICs in the SBIC Directory.
If you decide that SBIC financing is not appropriate for your business, the SBA offers a wide variety of financial assistance programs designed to suit the varied needs of America’s small businesses. To learn more about other financing options available through SBA, refer to the Loans and Grants section or call 1-800-UASK-SBA (1-800-827-5722). SBA’sIntroduction to Venture Capital Other Financial Assistance is another great resource to help you identify capital sources.
Note: The above information is intended primarily for small business owners seeking financing for their business. For current SBICs, applicants, limited partners, and others interested in the SBIC program, please refer to theSBIC Program Home Page.
#home business ideas
33 Best Home-Based Business Ideas in the Philippines
There is an entrepreneur inside all of us that wants to come out.
However, we are limited by our own fears and beliefs; thus, we prefer to follow the business ideals set by others. Entrepreneurs are driven by one thing: PASSION.
If you have a passion for an activity, a skill that has remained dormant, or assets that only gather dust, the spirit of entrepreneurship will find a way for you to monetize them.
You can jump-start your entrepreneurial journey with a home-based business that requires these passions and skills and utilizes assets instead of letting them succumb to depreciation.
Related: 7 Home-Based Business Ideas without Spending Much Money
Before you start, it is advisable that you have three very important components in place:
- A fully functioning and mobile responsive website
- Accounts in the Big Three social media: Facebook, Twitter, and Google+
- Calling cards, printable brochures, and marketing materials
Finally, be prepared to network your services tirelessly during the first quarter of operations. You should get the word out, which means massive, ambitious online and offline networking activities.
Here are 33 ideas that you can consider for your home-based business in the Philippines.
Best Home-Based Business Ideas in the Philippines
1. Selling Products Online
From a plastic fork that was allegedly used by Michael Jordan to a potato chip that bears the likeness of US comedian Jay Leno, people make money by selling products online.
If you have talent with handicrafts or you plan to distribute a product in your region, going online opens a huge window of opportunity to find potential markets of buyers.
2. Freelance Writing
It is one of the basic skills that was taught to us while growing up. However, although everyone can write, not everyone can write a great, engaging content. Online job platform Elance cites “Writing Services” as the most in-demand service for freelancers.
According to statistics. small businesses that have a blog generate 126% more leads than those that don’t. Blogging enhances your credibility, expertise, and reputation. Companies are in need of writers who can create relevant and engaging blogs for their business. Or, use your blog to earn both active and passive income.
Recommended Guide: How to Create and Start a Blog Site
4. Build Websites
Of the companies that generate between US$ 2.5 to US$ 4.5 million, 67% own websites. Only 53% of small business owners have websites. However, given the increasing popularity of smart phones for Internet surfing, the demand for company websites is expected to skyrocket in 2015.
6 Business Habits Every Entrepreneur Should Stop Doing
6 Reasons Why Accounting Services Can Benefit Your Small Business
#top new business ideas
Top new business ideas
Top new business ideas Analysis
Looking for a new way to make money? Here are 20 businesses that you can start with very little money. 20 Business Ideas for Stay-at-Home Parents. Tip You need top-notch people skills and an instinct for determining which caregiver to.To learn more about this business idea, check out Start Your Own Cleaning Service. Make sure to change your layout and put new stuff out for sale often. Just moving an item from a table to the top of a bookshelf might get it noticed, even. top new business ideas Our low cost startup ideas will help you find a business to fit your budget. We are searching for the Top Company Cultures of 2016. Should your company be.Business news from the Chicago Tribune. Get money tips, stock market updates and the latest Chicago business news.
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There are still plenty of low tech business ideas out there that don’t require you to. of their cars, but also clean out the entire inside from top to bottom. that you don’t need some groundbreaking new idea to start a business. We’ve selected 10 new business ideas that will provide entrepreneurs with plenty of inspiration in 2016. Spotted from countries all around the. The best new business ideas for 2016. New research and data point to these business ideas as having big potential for success in 2016.
There are hundreds of Job Sites in UAE and more are mushrooming everyday. To distinguish good job sites from the not so good job sites is a task in itself for the.Earn 500 AED per day from home. No marketing / No MLM. We are offering a rare Jobopportunity where you can earn working from home using your computer and the.
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Then I’m told that the successful businessman with the mad skills Rafe SIGNED THE DOCUMENTS TOO. most delightfully spoiled little dog who ever lived. A lack of post-secondary education can be a deal breaker for many prospective. Whether they’ve done well or screwed up, a successful businessman must be.
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#low investment business ideas
Business Ideas with Low Investment in India
There is a familiar belief that starting a business needs a huge amount of investment. This is not the case for every type of business. You can run businesses with low investment, even from your home. India is a land of many opportunities. You can start a business in India with a nominal amount of investment and grow your business. Given below are some profitable small business ideas, with low investment, in India.
List of Best Low Investment Business in India
Running a home canteen is an excellent idea for a business with low investment. You can cook different types of tasty food and supply them to offices, factories, and other customers. Of late, the business of cooking and food supplying has garnered significant popularity and it is a profitable small-scale business. The success of your home canteen will depend on providing quality food and giving timely service.
You can work as a dance instructor and this does not require a whole lot of money. You can open your own school or work as a freelance dance instructor. Since dance forms an integral part of Indian culture, many parents like their kids to learn dance from a very early age. Therefore, there are plenty of opportunities for a dance instructor to earn both fame and money.
You can work as a fashion designer and start your business venture with a low investment. For this, you will need to undergo a full time or part time course on fashion designing. Start with traditional Indian clothes since they are the most sought-after outfits at the present time.
Data Entry jobs
Data entry jobs do not ask for a big amount of investment. If you have a computer at home and Internet connection, you will get a host of data entry jobs by sitting at your home. Data entry jobs are outsourced to freelancers and other organizations so it is not so difficult to grab a project. However, you should remember that you have to finish the task within a certain time period. Filling up forms online is a popular example of data entry jobs on the Internet.
Affiliate marketing is the method of merchandising the goods and services of another organization on their behalf. Here you work as the affiliate of that organization. Whenever you sell a product, you will be entitled for a commission. The amount of commission will depend on your agreement with the company whose products you are selling.
Like other small investment businesses, starting a web development company is possible without a huge amount of investment. If you are familiar with web development processes, you can start a business on your own with a PC with Internet connection and software. Once your business reaches a sizable scale, you can employ a few web development professionals who can run your business adeptly. The most difficult part of this business is getting projects. You have to obtain projects constantly for sustaining your business.
Home Made chocolates
Making chocolates in your home is a moneymaking business. You just have to get the ingredients that are essential to make chocolates at home. After preparing the chocolates, pack them with fancy wrappers to add creativity and make them more attractive.
Event management is a cost-effective business option for people who are interested in organizing different types of events and functions.
Weddings are big events in India and take a lot of time. You can work as a wedding consultant to make things simpler and manage them for people who just don’t have the time to do it for themselves.
Industry/factory tour planner
You can open a business for an industry/factory tour planner with a small amount of investment. Start an agency which will conduct industry or factory trips. Hire a small number of people who are experienced in the job of factory tour guides. Look for contracts from companies that are looking for industry/factory tour planners. This will take some time in the initial stages. However, when the contracts keep flowing in, you will start making money gradually.
First aid instructor
If you have sufficient knowledge regarding first aid, you can start working as a first aid instructor. There are abundant opportunities for first aid instructors in schools, colleges and various educational institutes. You can work either as a full time or part time first aid instructor. Purchasing a first aid box is necessary for this business.
Art and crafts
You can open an arts and crafts stall. Though this type of a business venture requires some more investment than the so-called low investment business options, it is definitely a lucrative venture. There are many people in India who are ardent art and handicraft collectors and they constantly look for these items. They can pay any price for their favorite item. So, think about opening an art and crafts shop right away. You can get a bank loan for this business venture from various financial services providers and banking institutions in India.
Daycare Center is an excellent business choice which necessitates a trivial amount of investment. The most attractive part of this business is that you can do it from your house. In addition, there is no requirement to make a huge investment on infrastructure. The things you have to purchase include books, toys, and games for the kids. The other things are there in your home. Nonetheless, you might have to redesign your home as per the requirements of the kids. A number of safety measures need to be adopted such as keeping electrical devices in a place which is inaccessible to the kids and meshing the veranda.
Consultation is a good business choice to start with a nominal amount of investment. You can work as a financial consultant or a real estate consultant if you have the requisite qualifications and expertise. As a financial consultant, you can guide people on doing the right investment at the right time. As a real estate consultant, you can help people in buying and selling of real estate. Other types of consultancies such as architectural and home design consultancies are gaining popularity.
Running a child care unit is also a lucrative business option. However, you have to ensure that you have got the infrastructure and facilities to run a child care center at your home. Remember that you have to be extensively trained in first aid to run a child care center.
BPO or business process outsourcing is a profitable business in India. Under this process, the responsibilities and functions are contracted to a third party. You will find lots of outsourcing jobs on the web. If you have a PC at home with Internet connection, you can turn it into a home-based business by procuring BPO jobs. Some of the popular BPO jobs include medical transcription and data entry jobs.
You can run bookkeeping or accounting business from your home. If you are well acquainted with bookkeeping, accounting processes, and accounting standards, you can look for bookkeeping jobs that can be done from your residence. You need a computer with Internet connection and some accounting software packages that you need to install in your PC.
The mobile repairing business is also a moneymaking business. Since mobile phones have become an integral part of our day to day life, servicing and repairing mobile is essential whenever a problem occurs. You have to hire experts who have the understanding of the ins and outs of mobile and cellular phones.
Similar to mobile repairing, computer repairing can help you make money. You can run this business from your home. Knowledge of computer hardware and kits for servicing computers are the necessary resources for this business.
Which Business is Good to Start in India
Business Administration – Entrepreneurship and Small Business – Seneca – Toronto, Canada #business #insurance
#small business admin
Business Administration – Entrepreneurship and Small Business
The Business Administration – Entrepreneurship and Small Business program adds entrepreneurial and small business know-how to a powerful foundation of business knowledge and skills. The skills learned in this program are essential to business owners and established businesses and organizations.
360° Virtual Tours
You will spend the first four semesters building a practical grounding in contemporary management theory. In the final two semesters, you will develop the skills required for the planning, start–up, management and expansion of successful small businesses. But it’s not all classroom learning as you will be exposed to stories of challenges faced by prominent business owners. Instructors will guide you and your colleagues through the process of identifying innovative and promising venture ideas for your own business plan.
At our “Shark’s Pond” event, you’ll present and defend these ideas, sink or swim, to industry leaders. Your learning experience is rounded out through seminars, case analysis and online business simulations.
After completing the program, you will have the tools to develop and present a finished business plan to Futurpreneur Canada (futurpreneur.ca ) and be considered for a $15,000 loan. You’ll also benefit from Seneca’s many partnerships with outside organizations, such as receiving free membership into the Association of Chinese Canadian Entrepreneurs (ACCE.ca ).
Start Up Canada
Startup Canada recognized Seneca as the most entrepreneurial college in Ontario, demonstrating the largest commitment and impact in advancing entrepreneurship. Seneca was the only college recognized in Canada.
- Ontario Secondary School Diploma (OSSD) or equivalent with:
- Grade 12 English: ENG4(C) or ENG4(U)
- Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics: (U) or (M)
- OR Mature Student Status (age 19 or older) with the above prerequisite course(s), their equivalent(s), or appropriate Academic and Career Entrance (ACE) Certificate program credits (see Academic Upgrading ).
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Canada boasts close to 2.5 million entrepreneurs who, as small business owners, combine to contribute over 30% of its GDP. Entrepreneurs drive job creation, productivity and economic growth. With statistics like these, it’s clear that small ventures can add up to big business. Graduate from this program and you will have acquired the skills necessary to research, develop and manage a small business, grow an existing business or virtually anything else related to successful entrepreneurship.
Certificate in Management and Administration (C.I.M.):
In 2009, Seneca became the first institution in Canada to have full–time programs accredited by the Canadian Institute of Management (CIM).
Upon graduation from the Business Administration – Entrepreneurship and Small Business program you will have met all the requirements for the Certified in Management (C.I.M.) designation once you have completed two years of managerial work experience and made appropriate application to the Canadian Institute of Management.
Canadian Professional Sales Association (CPSA):
Graduates will have completed all educational requirements and can submit an application to the Canadian Professional Sales Association to receive a Professional Sales Certificate (PSC). Graduates will have also met all the educational requirements for the CPSA’s professional designation Certified Sales Professional (CSP).
The Degree and Credit Transfer Office provides a number of services for students continuing their education at Seneca, and for graduating students considering degree transfer options.
Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at various post-secondary institutions. Please refer to the Degree Transfer Guide for more information.
Transfer Credit may be granted for courses deemed equivalent to courses at Seneca that have been completed at recognized postsecondary institutions. Additional information is available online .
Important Academic Dates
Please take a few moments to view Important Academic Dates for your relevant term.
Please select the curriculum from the Academic Year in which you started (or will be starting) your studies. An Academic Year begins in September and ends in August of the following year.
2016/2017 Academic Year
#secured business loans
Secured Business Loans
The growth and success of most businesses often requires access to additional funds. If your small business is in need of extra money, secured loans can be the key to overcoming challenges or taking advantage of available opportunities.
What are Secured Business Loans?
Secured loans are typically offered by financial institutions to business owners who require capital to start a new business, expand an existing one or pay for business-related expenses. This loan requires upfront collateral which reduces risk for the lender, allowing them provide a lower interest rate that can be paid back more easily by the borrower.
What Companies Utilize Secured Small Business Loans?
All types of small businesses could benefit greatly from this type of loan, however, companies that have mutual funds, vehicles, inventory. equipment, accounts receivable. land, buildings or other property to put up as collateral will have significantly lower payments and significantly longer repayment periods as compared to unsecured, collateral-free loans.
How Can I Acquire Secured Business Loans?
Utilizing a secured business loan is a great way to ensure a lower interest rate, a longer repayment period, and the opportunity to build credit and forge a relationship between business and credit provider. National Business Capital strives to understand each business’ unique history, present position and future needs to provide the best financial assistance possible. National Business Capital’s 90% approval rates, zero upfront fees and years of experience providing honest, professional financing advice is on your side. Take advantage of expansion opportunities, amass seasonal inventory, and engage in lucrative marketing initiatives with secured small business loans .
For more information about secured business loans, our 24 hour response time or flexible credit services, please give us a call at (877) 482-3008. To apply via our easy 2 minute application, click here.
We Finance Your Journey
Our approval process takes less than 24 hours.
#home business ideas
Home Based Business Idea
One of the most economical ways of starting up is a home based business idea. What business idea is right for you? The best business for you is one you love and to which you are prepared to make a major commitment.
Many small-business owners describe starting a new business as more demanding than having a new baby – you have to be prepared to give it your full energy, time, and attention at any time of the day or night.
If you are thinking about a home based business idea, you re not alone. Home based businesses are some of the most frequently searched on Bplans.com. Each section below includes sample business plans, business-planning tools, startup kits, and other online resources that are specific to this business idea.
From consulting businesses to personal services to pet care to yard care to computer care, home based business ideas are one of our most frequently searched startup category. The following resources can help you turn your idea into a reality.
Sample Home Based Business Plans
We have 35 different sample plans for home based business ideas, from online administrative assistants to bed breakfasts to Tarot readers to wedding planners. All are plans for business ideas based in the owners homes, and 12 of these home based plans can be read in full online. See the full list of sample plans .
Start a Home Based Business Resource Page
Our start-a-home based business page contains a variety of resources and other tools that will help you effectively write a home based business plan and get your business going.
Business Startup Articles
No matter which direction you are thinking about pursuing, the following articles give you general tips and strategies to help you get started with your business idea.
The Right Business for you by Nolo
If you want to work for yourself, but don’t have a particular business in mind, you’re probably wondering what kind of business you should start. Fortunately, the answer is always the same: start a venture you know
Top 15 Questions from SCORE
Research of successful entrepreneurs has documented that successful small business people have certain common characteristics
Business Startup Strategy
would-be entrepreneurs do a business plan. As a result of completing the plan you will be much better prepared and know whether or not your business idea is feasible
I agree with you Steve, your home based business plans are really make sense. Start our own home based business has become a new version of the American Dream. Especially during this economic turbulent period anything whatever can cut expense or earn some extra income is a life safety buoy.
Other than providing tangible services online or offline. Have you ever think of selling your knowledge online?
Don t you realize that knowledge is more valuable. Everybody knows about something, care about something even your hobby is a knowledge. You can turn your expertise into an income.
A book Make your knowledge sell teaches more about how to monetize your knowledge which is a free book and you don t have to purchase anything to do that.
Wish you have a nice day
This sounds fabulous, could you please send me as much information as possible
I aggree with Steve to Mr Tanny, great theary by the way. I have looked over some of this stuff, this is a great website, lots of great information here, that is usefull to the beginner or expect, GREAT JOB Steve. Open your ears everyone this fellow knows some thing for sure. EDUCATION SELF MOTAVATION Folks. Good job Steve.
I was reading through some of your content on this website and I believe this internet site is really informative. Retain putting up.
How LivePlan makes your business more successful
If you re writing a business plan you’re in luck. Online business planning software makes it easier than ever before to put together a business plan for your business.
As you ll see in a moment LivePlan is more than just business plan software though. It s a knowledgable guide combined with a professional designer coupled with a financial wizard. It ll help you get over the three most common business hurdles with ease.
Let s take a look at those common hurdles and see how producing a top notch business plan sets your business up for success.
#the small business administration
Home > Lending > Small Business Administration Loans
Small Business Administration Loans
Congress created the Small Business Administration (SBA) over half a century ago to help small companies get started, expand, and prosper. Today, the SBA provides assistance to these companies by guaranteeing a portion of loan amounts and allowing longer terms for qualified borrowers.
Small Business Administration (SBA) loans can include construction/permanent commercial financing.
What are the advantages of an SBA loan?
There are many, including terms up to 25 years for land and buildings and up to 10 years for all other business purposes. SBA loans are assumable and carry no pre-payment penalties or call provisions. (For terms of fifteen years or more, pre-payment penalties apply during the first three years.)
What are the credit requirements for an SBA loan?
A loan applicant must show an ability to repay the loan in a timely manner, through past earnings records or future earnings projections. An applicant must demonstrate management ability and commitment necessary for a successful operation. The applicant must also have sufficient equity capital so that, with the SBA loan, the business can operate on a sound financial basis. Lastly, the applicant must provide adequate collateral.
Who is eligible for an SBA Loan?
The SBA defines a small business as one that is independently owned and operated, which is not dominant in its field and which meets certain criteria based on industry classifications. In laymen s terms, we work with most types of businesses in conjunction with this program. However, loans used to finance real property held solely for income or investment are not eligible.
How do I apply for a Small Business Administration (SBA) loan?
One call to our SBA department will get you started. We will assist you in determining the necessary information needed to submit your application. For our online application, please click here.
Getting the Process Started � 7(a) or 504 Loans
The following basic information is needed in order for MCB to make a preliminary evaluation of your SBA loan request. Although certain items may not be applicable to your business, you should be as thorough as possible in gathering the information. MCB�s application (see below) is very helpful in organizing the information. If you have questions concerning this list, please contact us.
- What size loan are you requesting? How will the loan be used? How long of a term (in years) are you requesting on the loan?
- If you are proposing to purchase real estate or an existing business, provide a copy of the purchase agreement (signed by both buyer and seller).
- Indicate the amount and sources of the equity (i.e. cash) to be injected into the business or project. (Minimum equity requirements apply for start-ups and business purchases.)
- Provide photocopies of any notes to be refinanced with the loan.
Company / Owner Information
- Provide a brief history and description of your business. (When was the business started, and by whom? What are your products and/or services? How has the business grown or changed? How many employees do you have? Who are your competitors?)
- Provide the legal name of the business, street address of the business, telephone number, and Employer Tax ID number.
- Provide the name, home address, Social Security number and percentage of ownership for any person having any ownership interest in the business. Include a resume for each owner, describing their educational and business background.
- Provide the business interim financial statement. (Not more than 60 days old). (Include aging of accounts receivable and payable).
- Provide the business historical financial statements and tax returns for the last three fiscal years, or since start up, whichever is less.
- Provide a personal financial statement for each individual owning twenty percent (20%) or more of the business. (If you do not have a personal financial statement form, contact Metro City Bank, and we will provide one to you). With each personal financial statement, provide complete copies of that individual s Personal Income Tax returns for the last three years.
- If you are purchasing an existing business, provide copies of that business tax returns for the prior three years, or since inception, whichever is shorter.
MCB � SBA Loan Application
Please download the loan application forms below, once printed please complete all sections legibly and either fax to 770-455-4988 attention: SBA Department or drop by one of our branch locations.
Click Here to Download the Loan Request Form. (Adobe Acrobat Reader is required)
Don�t have Adobe Acrobat Reader? Click here to download your free copy.
We hope that the above information has answered most of your questions concerning SBA loans and that you will make Metro City Bank your first choice for your SBA loan. If you need further information, contact Metro City Bank at 770-455-4989 or contact a loan officer Directly using our Loan Office Contact List.
5441 Buford Highway, Suite 109, Doraville, Georgia 30340
#franchising your business
Franchising Your Business
Franchising is an exciting marketing method. Properly structured and well run it provides benefits and satisfaction for both parties. However, it is not an easy ‘route to riches’ for franchisor or franchisee, nor is it a panacea for the ills of a ‘sick’ business.
Establishing a franchise has to be undertaken with skill, patience and capital.
The time scale for establishing a franchise system and preparing it for marketing can be as long as three years and it can take another three to five years before the franchisor begins to see net profits and cash flow.
The capital requirements of the franchisor have to reflect these time spans. However, once the network moves into net profit and achieves relative maturity, the return should make the effort and investment worthwhile.
Why consider Franchising your business?
The advantages of franchising for a franchisor may be summarised as:
- The growth of the network is achieved using the financial and manpower resources of the franchisee
- The franchisor is not concerned with the day to day operation of each outlet
- The franchisor’s organisation is compact and can earn profits without involvement of high capital risk
- The network has an ability to grow rapidly
- The franchisor has fewer staff and fewer staff challenges
- The management of each outlet is the owner who will tend to be well motivated to be successful
- It provides wider and secured outlets for products and services
- It enables the franchisor to service national customers using their network of outlets
Points to consider prior to Franchising
Franchising your business can be a very successful way of expanding. Some of today’s largest businesses have used franchising to finance and accelerate their growth into global brands. However, franchising must be planned properly:
- It must be pilot tested with company-owned and operated outlets
- Business must be successful, distinctive and replicable
- Take proper professional advice – Solicitor, Banker, Accountant and possibly a Franchise Consultant
- The Franchise Agreement must be written by an experienced Franchise Solicitor
- Take time to write an operations manual
- Choose franchisees very carefully and slowly
- Avoid overselling and forecasts
- Have first class training
- Maintain good ongoing relationships
- Focus on Franchisee satisfaction and profitability
- Keep developing the Franchise and maintain standards
- Ensure marketing, advertising and PR is first class
As the most-franchised nation (per head of population) in the world, there is a very high level of awareness of franchising in Australia. As a result, the Franchise Council of Australia receives many inquiries from individuals and organisations who have existing businesses or who are developing business concepts and would like to establish these as franchise systems.
This high level of interest, however, is not followed through by the number of new franchise systems which actually enter the market. The reason for this is simple. Establishing and testing a business concept is not as easy as some would believe, and furthermore, Australia now has some of the world’s most stringent franchising legislation which means there is little or no margin for error for “new” franchisors.
Proving the Business Concept
The average stand alone small business has an 80% chance of failure in its first five years of operation. Prior to franchising, a small business should operate for at least this time (and certainly no less then three years) to prove that it has a viable concept, ongoing market demand, replicable systems, and a management, logistic, marketing and training structure capable of supporting franchisees in a variety of locations. If not, the business may well become another statistic.
During this period, it is highly desirable for the intending franchisor to open several outlets using their own capital in which they can test the adequacy of their systems, procedures, training, etc. The lessons learned during this phase will reap dividends after the successful commencement of franchise operations.
Getting Proper Advice
Experts who are skilled and experienced in franchising can give you competent advice relevant to your franchising plans. Be sure to seek out these specialists. Most are members of the Franchise Council of Australia, denoted with representation of our logo, and they are listed on the FCA website www.franchise.org.au under Buying a Franchise or at www.franchisebusiness.com.au .
It is critical that intending franchisors get the right advice from the very start of their franchise journey and, in particular, that they have ensured all aspects of their intellectual property rights are protected prior to franchising.
The Franchising Code of Conduct
Implemented on July 1, 1998, the Franchising Code of Conduct provides the most stringent national regulations for franchising introduced anywhere in the world. The Code was primarily introduced to outline the rights and responsibilities of franchisors to franchisees including particular requirements for disclosure of information, the provision of a cooling-off period, and unconscionable conduct.
Complying with the Code is mandatory, however registration with a central body, or “approval” is not required prior to the commencement of franchising. The Code is enforced by the Australian Competition and Consumer Commission and the penalties for breaching the Code are quite severe. Click here to find out more about the Franchising Code of Conduct.
How can the FCA Help?
The establishment of the FCA Franchise Academy coincided with the introduction of nationally recognised qualifications in Franchising.
In 2004 we developed Certificate and Diploma level courses in Franchising and we became the first educational institution to offer the Diploma of Business (Franchising).
The FCA Franchise Academy offers a career path via industry specific education enabling individuals to pursue continuing professional development drawing upon the expertise experience of leaders within the sector.
FCA Franchise Academy courses present up to date knowledge and relevant theory together with practical skills that can be applied immediately to your advantage in the workplace.
Information on the Franchise Academy is available at www.franchiseacademy.org.au .
The Franchise Council of Australia publish and market books on key aspects of franchise decision making, management and practices authored by acknowledged experts in their field.
- Franchise Guide
- Compiling a Franchise Operations Manual
- How to Franchise Your Business: A Guide for Australian Entrepreneurs
- Expanding Internationally: A Guide for Australian Franchise Systems
- Profitable Partnerships
- Franchisor’s Guide to Improving Field Visits
- The Franchise E-Factor
- What Great Retailers Do
- Marketing Works
For full details on these publications and more, please visit the FCA Bookshop .