You sign a binding contract for 10 or more years, which require you to pay an ongoing percentage of your sales, have limited control of your processes and procedures and no guaranteed results.
Does this sound attractive? It might, particularly, if you depend on this venture to support your family Authentic Marshon Lattimore Jersey , your lifestyle and also your income? Well that is what you get when you buy a franchise. While, it may seem crazy to some; there are certain advantages to this scenario, especially if you are a first time business owner.
The reason to this is mentioned below.
First and foremost, if you are a new franchise business owner; then, one of the biggest challenges is logistics. Forming your business entity, establishing a business plan and ordering your equipment is also a part of them. In addition Authentic Tre'Quan Smith Jersey , if you are retail based business owner, who needs to lease space; then, you have to find a suitable location, negotiate the lease, determine how to effectively build out your location and order the necessary equipment for your operation.
And let us not forget about marketing鈥?p>
The lifeline of your business is getting to hear a phone ring with interested customer. There are thousands of ways to market a business and one of the biggest challenges is to determine which media works best and how to effectively market that said media.
When you buy a franchise, these are some of the things that should be already in place. The franchise concept model should have systems Authentic Marcus Williams Jersey , processes, defined marketing pieces, a basic knowledge of when, where and HOW to open. They should have this in place, so you can essentially follow their steps, open in a timely manner and start your business on the RIGHT foot.
One should keep in mind the value of TIME. It is one commodity that we always need more Authentic Michael Thomas Jersey , but cannot get much of it. That is one of the things you can save when you buy a franchise business. This can help you focus on your efforts for getting going, being more organized and staying in a better position for success.
While, there are advantages on buying a franchise; still, not all franchise consulting services systems work. In fact, it is estimated that only 30 percent of the 3000 Plus systems available are willing to disclose any sort of financial performance. With this in mind, it is very important to not make the assumption that just because you own a franchise Authentic Drew Brees Jersey , you are guaranteed success. In addition, buying a franchise is just like any other investment, which involves RISK. Even some of the most well known and successful franchise systems, such as Subway, Burger King and Dunkin Donuts have had their share of failures. You have to run the franchise business, follow the system and work hard just like any other business opportunity.
Franchising has its costs Taysom Hill Jersey , which is slightly more expensive than starting out on your own. There are additional costs, restrictions, and royalties required. These essentially compensate the franchisor for the rights to operate a system that they developed. While it may seem unreasonable; if you have the right opportunity, it could be your best option for success.
Author bio:
The author of this article has specialization in Franchise Concepts. His enormous experience is summed up in the article 鈥楩ranchise Disclosure Document brings the master plans for the Franchise Opportunities鈥? Along with this he also provides franchise consulting, franchise development and brokerage services to both individuals and franchise systems.Read more: http:www.buyafranchiseconsulting
Free News Articles Home Awards and Honors Business Free News Articles LBA Ware CEO Lori Brewer Named to 2018 MPA Hot 100 List for Technology Contributions to Mortgage Industry LBA Ware CEO Lori Brewer Named to 2018 MPA Hot 100 List for Technology Contributions to Mortgage Industry
MACON, Ga. -- LBA Ware(TM) Chauncey Gardner-Johnson Jersey , a leading provider of automated compensation software and systems integration solutions for mortgage lending and retail banking, announced today that its CEO Lori Brewer has been named to Mortgage Professional America (MPA) magazine's "2018 Hot 100" list. Brewer was recognized for her entrepreneurship and innovation in pioneering the development of a first-of-its-kind software solution to automatically calculate loan officer (LO) compensation.
LBA Ware's flagship product, CompenSafe(TM), has calculated more than $1 billion in origination commissions and operational bonuses to date. In 2017, LBA Ware experienced notable year-over-year growth, marked by a 152 percent increase in total compensation processed and a 130 percent increase in the number of lenders using LOS Talker Erik McCoy Jersey , the company's systems integration solutions technology.
"It is truly an honor to be recognized alongside the exceptional cast of mortgage professionals who have been recognized by MPA's Hot 100," said Brewer. "I'm proud of LBA Ware for delivering a product which has directly benefited our clients by drastically improving their operational efficiency and reducing their back-office costs while also empowering them to maximize the effectiveness of their incentive comp plans."
This marks the sixth year that MPA's Hot 100 will recognize today's most influential mortgage professionals. Award honorees are nominated by peers and recognized as top "movers and shakers" within the professional mortgage sphere. MPA's 2018 Hot 100 list will be featured in the magazine's February issue. To see the full list of winners, visit https:m.mpamagcontentse-magazine.aspx?id=91568.
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