Overcoming the Fear of Buying a Franchise : If you are looking for the safest way to expand or diversify your business, this is the franchise.
Well, if that’s true, why are so many people afraid of franchising?
Since its inception in the late 1800s, and with post-World War II expansion primarily in the United States, the franchise has developed one of the greatest business success stories of all time. Main Street America is populated by franchise outlets. From restaurants to specialty food stores, bookstores to clothing stores, beauty stores to postal centers, and a plethora of service providers, including carpet cleaners, auto shops, and home remodelers, franchises are everywhere. Franchise businesses take up 40 percent of all retail sales in the United States.
There are approximately 2,000+ franchise companies that support more than 900,000 franchised outlets in America. Countless people have become rich through franchising, and there are no financial or educational barriers to prevent anyone from using this concept successfully. Governments around the world, and especially in the United States, have allowed the average person to investigate franchises and predict returns on franchise investments. University studies, government statistics, and even a poll by the Gallop Organization support the success of the franchise.
So what’s there to be afraid of franchising?
Critics say there’s a lot to scare you from the concept. Listen to the critics – some of whom failed in the franchise and therefore believe they have the “credentials” to be critics – and they will tell you all the horror stories about the franchise. Of course, there are horror stories about any type of business, but only a misinformed person would say that owning a business is bad. Anyone willing to trust franchise critics, without doing their own homework, is probably better off fearing franchises. They … Read moreFranchising
Emerging Roles in the Future of Accounting
Accounting has evolved along with human development and because the concept of the subject of accounting was directly created from the most basic principles of conservatism, it is not difficult to see why accounting style at one time had a direct relationship with age.
As humans have progressed from primitive times to modern interdependence, life has evolved from subsistence as hunter-gatherers to the knowledge-driven concept of the global world ‘effectiveness turns to greatness’ and throughout this evolution, self-counting with the abacus has evolved. through accounting. management to financial accounting and now managerial accounting; which focuses on decision making.
The US Financial Accounting Standards Board (FASB) which generally standardizes and strengthens the globally adopted Generally Accepted Accounting Principles (GAAP) took a significant step in 2012 to work closely with the International Accounting Standards Board (IASB) in a manner referred to as ‘ International Convergence’.
This convergence is expected to be able to gradually align GAAP and IFRS to become one and the same in an effort to streamline company/company reporting into a globally uniform process.
1.1 Problem Statement
There is no absolute certainty about what will happen to the Accounting Profession in the future. However, it seems that the future age which will surely be one of scientific progress, will move mankind from greatness to something more valuable for that time. Spiritualism, Environmentalism and Developmentalism could be key factors in the future.
This paper is to find out whether Accounting itself will become more than a reality that provides an accurate solution to financial problems where the human ability to reasonably value natural capital will give rise to significant assets on the balance sheet in contrast to the industrial age when even humans themselves. considered as labor and not considered as important … Read moreAccounting
General Liability Insurance Business Considered : Not long ago, I got an email from a man who wanted to set up an auto oil change business in Florida. He was worried about what kind of insurance he might need and got the impression that a $1 million commercial liability policy was needed on top of his work truck commercial car policy. Okay so, let’s talk about this; is he right?
It turns out that he is the most convinced, you see a commercial car is not the same as a completed operation or a potential liability at work. For example, if a car catches fire that you’re working on, your commercial car policy won’t cover it. Do you see the point? So here’s the advice I explained to him;
You may want to get a commercial insurance policy; Aggregate $1 million, general liability 300k per incident, with the notation “garage keeper liability”, and there will be some customers who may demand more, and also demand additional insurance, not just a registered insurance certificate.
Commercial Vehicle Insurance is another requirement, but most commercial business policies will list them together as one. Find a good “commercial insurance broker” and ask them to find out the source, usually the brokerage agent knows the underwriter very well (as in speed dial) and can give you a good rate and the underwriter will understand the difference between mobile and fixed charges. Generally commercial liability insurance is based in part on your estimated gross income.
Don’t overestimate or you’ll pay too much, and don’t underestimate or you might get audited by the insurance company or they might decide you’re not worth the risk. Believe it or not, most commercial insurance policies have a clause in their insurance contract that they can audit you and by signing … Read moreBusiness and General
4 Signs You’re Experiencing Zoom Fatigue and How To Overcome It : In many ways, Zoom meetings have become the new normal. Most people do not have time to get used to these changes, nor do they have the opportunity to gradually adapt.
We explain what Zoom fatigue is, identify its symptoms, and how to deal with it.
As more and more businesses commit to continuing remote work either for a long time or even permanently, Zoom has become a common communication platform.
Undoubtedly, Zoom often makes joining meetings easy and convenient, but there are downsides to this connection method.
Zoom fatigue is an emerging phenomenon, and it represents a variety of ways to feel overwhelmed. It’s not just about Zoom, but all audiovisual software used for businesses.
I’m on the phone with a group of people I haven’t spoken to in a long time. One woman looked a bit compartmentalized, almost angry. I sent him a private message via chat to ask if he was okay. He responded with, “Yeah, I’m fine. I’m just tired of staring at this damn screen every day.” I guess he’s currently experiencing Zoom exhaustion.
How can you tell if you have Zoom burnout? Let’s explore four common symptoms and learn how to deal with them.
1. Lack of Focus in General
In many ways, Zoom meetings have become the new normal. Most people do not have time to get used to these changes, nor do they have the opportunity to gradually adapt.
This is especially the case if your Zoom meeting requires the camera to be on all the time. You need to focus more, but at the same time, it’s easier to lose focus because you’re not talking to people in person.
The solution to this is to avoid multitasking while you … Read morePresentation
Global Soda Ash Market Projected to Grow at a CAGR of 3.23% : Asia-Pacific and America have witnessed significant growth in the soda ash market with the global share increasing to over 60% of the market in 2017. Asia-Pacific is the leading market holder for the Soda Ash Market used in the production of glass, detergents and chemicals. other. The Asia-Pacific market is seen growing at a CAGR of 3.48% to reach revenue of $9697.17 million in 2023.
The market is highly dependent on the strength of demand growth from China and India, and the growth rates in the automotive and construction sectors in the country. North America is the second leading market growing at a CAGR of 3.31% to reach revenue of $4700.73 million by 2023.
North America is one of the largest producing regions. The US remains the second largest soda ash producer after China. Europe acquired the third largest market in the world, growing at a CAGR of 3.84% for the forecast period 2018-2023.
Quotes on Market Growth Factors
Factors contributing to this rapid growth are rapid industrialization and the huge demand for the use of soda ash in glass applications is set to drive this growth.
Solvay SA has proven to be the biggest player in the soda ash market along with the Ciner group, Tata Chemicals and many more. Cinner Group, Tata Chemicals Ltd, Solvay SA.
The report is segmented as below:
By End Use Industry:
Food and Drink
Pulp and Paper
By Geography (covers 10+ countries)
Producer Quoted / Interviewed
To access/purchase the full report, browse the link: http://utm.io/ub7sM
What can you expect from the report?
The report is prepared with a main agenda covering the following 20 … Read moreMarketing
Create Your Own Business Plan Competition : You remember a few years ago when you asked some of your schoolmates to be part of a team to enter a business plan competition organized by your university. It’s very clear in your mind the dedication, persuasion and analytical skills that brought your team to the finals with multiple bids to take your business plan to an initial public offering (IPO). You feel that your entire team has matured and become more focused on the pursuit of success.
Now you’ve decided that you want to create a business plan competition as a way to give back to the community. However, you begin to realize that it takes a lot of planning, strategizing and focus because this competitive business plan can also be a launching pad for unknown startups. This is the magic of being part of a business plan competition. You already have a great feeling of great accomplishment.
Here are some tips that will help you along this path.
Before you even start creating your own business plan competition, you need to be very clear about what sets you apart from a number of other business plan competitions globally. How do you measure the competitive success of your business plan?
Prizes don’t have to be all in cash. This can also include free administrative support or even matching with venture capitalists.
The judging criteria should be clear and constructive to participants so that they know what to emphasize during their group presentation.
Start getting sponsors early. It is important that you have detailed meetings with potential sponsors and understand how your business plan competition can provide more positive publicity and mileage for their organization.
Board of jury:
Make sure you get a large number of … Read moreFranchising
Practical Accounting Training : We are an accounting firm that provides practical training for people who want to do accounting. This is a bespoke training program that helps our trainees to get a job in the accounting sector. We prepare our trainees for Sage, QuickBooks, Xero certification, and Excel software. We also help build your CV, provide you with references, build your REED profile and guide you to find the right job in accounting.
When you train with us, you will use all 4 accounting software including Sage, Xero, Quickbooks and Excel. We use actual client data and these clients range from Construction, IT, Retail, Wholesale and import and export business.
This training is very important because you need to understand how different Clients do their accounting process, how they keep records in their system and most importantly know all VAT filings for different industries and know how to submit them to the HMRC portal.
We have a variety of practical training courses that you can choose from depending on your skills, knowledge and experience in the training.
1. Bookkeeping and VAT and Payroll: Basic and first-rate jobs in accounting job roles. The jobs you can apply for after you complete this training course are Clark Sales Ledger, Clark Purchase Ledger, and Payroll Accountant. You will understand how to do Sales day book, Purchase day book, Credit notes, bank checks and payments, bank reconciliation and VAT submissions on the HMRC portal. You can earn up to £18-22k a year. 3-6 months work experience
2. Account Assistant: The jobs you can get after completing our training are as Financial Controller and Finance Manager. You will understand how to do year-end, closing books for the year, depreciation, payroll journaling, trial balance reconciliation, management reports, learn all post VAT adjustments to final trial … Read moreAccounting