Own A Franchise Financial Conversations To Have With Your Family Before Choosing A Franchise

Guest Blogger: Ray Moore, CFE, Vice President of Development, BrightStar

The successful franchisee will first and foremost find the right fit. The right fit may be the one that best fits his or her financial resources and goals. The potential franchisee should sit down with their spouse and family and ask some hard questions. Together they will have to decide what outcomes they need to realize to consider this venture a success. They will have to separate out the must have or non-negotiable outcomes before shopping for a franchise opportunity.

The couple/family should agree to the following each family will have to fill in the blanks according to their own circumstances. Its a good idea to consult an accountant:

1.We will not invest more than $_____ of our cash/liquid capital.
2.We will not borrow more than $______ in additional funds to capitalize the business.

With any start up, business owners need to have enough money, either set aside or in other income, to cover household bills and run the business for 12 to 18 months. The following questions will help determine how much is needed:

3.To make sure we can still live comfortably while growing the business, we will cut our household budget to $ ____ per month for at least ____ months and be sure to never exceed that budget.
4.We will only buy a franchise that we have confidence can get big enough to feed itself, i.e., income (cash flow) will cover monthly business expenses (fixed and variable costs), no later than ___ months after signing the agreement.

With many new business start ups, the owner will not be able to take a salary for 1-2 years. The family needs to know that household expenses will be covered during that time.

5.We will only seek a franchise for sale that we have confidence will be able to pay me a discretionary salary (enough to cover some or all of household expenses) without harming the business no later than ___ months after signing the agreement.
6.We will generate other income of $___ (amount needed to make up for loss of other income and savings budget) from ___ (spousal income, other household income or investments) independent of the new franchise business.
7.We will only pursue a franchise business opportunity that will allow us to have our initial investment back, i.e., pay off the start up loan from business income, in ____ months/years.

These are just some of the items that typically come up, or should come up, during the conversations leading up to buying a franchise. Asking the right questions will get you the answers you need. Ask them of yourself, your spouse, your family, the franchisor and other franchisees so you can get the full picture of what your life will be like while building your business, and what it can be like once you have established your new franchise.

Ray Moore, CFE, BrightStar

Hire the most expertise attorney for modification of loans

There are several reason for taking loan such as losing the job, a fall in income, any medical emergency or any other crisis. However, with increasing needs people are falling prey to the vicious of loans. Therefore, people facing foreclosure or are struggling to make their mortgage loan payments can easily prefer loan modification. If is not easy to make an attempt for loan modification but if you are consulting an experienced attorney then they can easily help you with the negotiations.

Loan modification attorneys have started to specialize in this area, therefore nowadays you can easily find an attorney for your process, but it is highly advisable to prefer the most reliable one. Therefore, if you are searching for the best then you can easily take the help of the internet.

They are the leading service providers that offer high standard attorney service to people suffering from loan issues. Before modifying any mortgage, their professionals will help you to to investigate the HARP 2.0 programs before making any decision. Their professionals will complete the modification, and will allow you to have insurmountable amount of past due payments. They excel in providing several benefits which include Unlimited Loan-to-Value Restrictions, Lower Banking Fees & Rates, Owner, Investment, Second Homes OK, 30, 20 & 15 Terms Available, Less “Red Tape” and More Lender Participation.

The home affordable refinance program harprequire a quick eligibility which includes that your home loan is owned or guaranteed by Fannie Mae or Freddie Mac, loan should be sold to Fannie Mae or Freddie Mac before May 31, 2009, you are currently on your mortgage payments, you owe more than your home is worth, or is there minimal equity in your home, you have made all of your mortgage payments on time in the last 6 months and you have had NO sixty (60) day late payments in the past 12 months.

Their loan modification specialistwill make it easier for lenders to refinance HARP-eligible mortgages which otherwise would be difficult. Their services will help you to stand in a better position by experiencing a reduction in monthly principal and interest payments. Their efforts will move you from a more risky loan structure to a more stable product. Their home improvement loans

The main aim of the loan modification is to provide access to low-cost refinancing for responsible homeowners suffering from falling home prices. Their solution provide mortgage insurance flexibilities and offer mortgage refinances with no limits on LTV.

For more information regarding their services and facilities you can directly log on to their website. Customers are given special attention and the queries are dealt with special care, so feel free to contact them.

Great Small Business Event Marketing

For more going on fifteen years, I have been helping business owners and organizations hold events. The events ranged from races, to fairs, to concerts and dinners. Though the attendance varied greatly between them, the goals of management were often met and exceeded.

Events are the best way to:

get prospects to visit your store for the first time

build upon existing relationships with customers and vendors

grow existing lines of revenue

rally and motivate workforce and volunteers

expand branding

grow online presence and position

have a great time!

Events are very community oriented, and driven by the same. Bringing people together creates buzz.

There are three major areas of an event: event marketing (getting the brand out), event management (making sure the day is planned well and executed successfully), and event planning (getting all the details together to meet the event vision). Working together, these three items, thought out and coordinated, make great events.

I am often asked questions related to any of these three items. The questions I hear range from band and entertainment to how to use Facebook. Small businesses can do a lot with a little encouragement and direction. They can go really far with a little help from someone in the event industry. Small businesses and Organizations have a lot of gusto. They are ready to go all the time. And when they can see that something will get them further, they often grab the opportunity.

Small businesses are flexible. They can have a simple, low cost event marketing schedule coordinated with other ongoing marketing. Pairing an event with current expenditures creates broad public awareness. With current promotions are paired with a chance to experience a business or product, customers have incentive to participate.

I have often seen this occur. In one case, a restaurant advertised their foods as well as an evening with live music. Some monies from the night would be donated to the city fireworks fund. This night brought some business and money for community fireworks. The result was the night of the fireworks show, the restaurant was full to the brim. They had one of their best nights ever.

The power of small business event marketing is understated. Giving customers a reason to experience a small business in the form of a party invitation has leverage. As a small business owner, having an event can be fun, rewarding, and valuable to sales overall.

Enterprise Content Management System – From Viewer to Customer

For a business website to be efficient and popular, it is important for it to work on an interface that is uninterrupted, easy to navigate and free flowing as well. Most web development companies provide their Enterprise Content Management System, in order for the company to achieve a website that is efficient and smooth. h.

Content management is a very important aspect of any firm, especially those working via the internet. With a lot of content working in the background of a particular page on the website, smooth functioning of the same becomes a case of doubt. However, with the right people involved in its working, content management becomes easy, smooth and efficient as well.

The website is another important aspect when it comes to the growth of a business venture. The reason behind this is that the website is the first interface that the people see about the company. If the website does not catch hold of the eye of the viewer, the company loses on a chance of having a customer there. Hence, having an attractive website is of utmost importance to retain a viewer as a potential customer of the company.

However, an attractive website does not only mean one that looks good. There are several other features that are involved in this too. These include features like smooth functioning, flow of data, sufficient information about the company, easy navigation, and many more. In order to attain all of these, it is important that there is a mutual balance and understanding in the working of the content running in the background and the data the viewer sees in the foreground. If these two do not run hand in hand, then there will be a disruption in the flow of the website, thereby causing your firm to lose yet another customer.

In order to ensure that the background content and the foreground data works together, it is important for you to get in touch with experienced hands, who will be able to provide you with the best solutions regarding the same. That is, several web development companies will be able to ensure that these problems never occur in your systems thus, increasing the efficiency of your websites. The web development companies will understand the situation better, and will use high-end technology and software to ensure that the problem is resolved and there will be smooth flow of data from then on.

The enterprise content management system will allow the content running in the background to continue even while the viewer uses the website. It also allows you to manage your own data without disturbing the flow of the website, and allows easy navigation for all viewers. Thus, it is one of the best ways to convert a simple viewer into a potential customer for your firm.

About Author

The article is particularly written for Enterprise Content Management System .Wants to know more information, visit at: newtrendstech.com.

When Do You Pay Cash Or Finance A Fishing Boat

The following article presents the very latest information on when you should pay cash for a fishing boat or finance it. If you have a particular interest in how you can afford to pay for the fishing boat of your choice, then this informative article is required reading.

Knowledge can give you a real advantage. To make sure you’re fully informed about when you should by a boat, keep reading.

Of course you already know the answer to the title of this article. It’s when you have enough cash. Here’s a little advice to go along with the obvious. Before you go out and purchase your boat, remember that boating is a hobby and you shouldn’t go overboard with it. Unlike your house, boating isn’t really worth going into debt for.

To get the most out of your boat, it’s always a better idea to simply save up for a while. If you don’t want to wait that long, there are viable alternatives online to earn the money to actually pay cash for the boat of your choice. I’m not talking about some internet scam. I’m talking about a real way to put your computer to work and spend some time taking advantage of one of the hottest moneymaking activities online. In the meantime, you should carefully study the boating market. When you manage to get a hold of the required amount of cash, go ahead and buy the fishing boat you want.

Whatever you do, make sure you’ve carefully thought out what your expenses are going to be. You don’t want to spend all of your money on just the boat itself. When you purchase the boat, you’ll need to have enough money for taxes, registration, storage, towing insurance, gas, equipment, and even minor repairs if your boat requires them.

When buying a fishing boat, used or new, cash is always better than financing. And you can save money with cash, as there are no finance charges. Financing charges can get high, very high in fact if you don’t know a lot about it.

For some people who have financed a boat purchase, they were advised to use a home equity loan. I mean after all it’s tax deductible right? I wouldn’t recommend that at all. You wouldn’t want to put yourself in a situation where you could possibly lose your home. Always be on the lookout for boat show financing too. Never use it! There are boat show financing ploys that will extend a loan out over the course of 10 – 15 years. That’s just ridiculous!

Sometimes it’s tough to sort out all the details related to whether you should finance a boat or pay cash for it, but I’m positive you’ll have no trouble making sense of the information presented above.

Stop, Collaborate and Engage Small Business Communication Tools for Entrepreneurs to Navigate the Social Media Seas

Oldies but goodies…

The social media landscape has significantly changed the face of small business communication, but it does not mean previous technologies have been rendered useless. “Old” technologies, such as e-mail newsletters, instant messaging and message boards are still active and can still increase productivity (and sales!). Many entrepreneurs already have a strong understanding of these technologies and have probably used them in the past. Consider dusting off that old e-mail newsletter you belong to – you know, the one you haven’t read in 2 years – or do a quick search of what message boards are out there. You may be reminded of and surprised at how useful these seemingly out-of-date services can be.

Some you’ve probably heard of, but may not know the full power of…

LinkedIn

LinkedIn has become the platform for business-focused social networking. By setting up a LinkedIn profile, users are able to post their work history and professional profiles for others to see. This tool presents opportunities for generating new business, reconnecting with old colleagues, and finding a job.

While many business users may have a LinkedIn profile, they may overlook the other small business communication tools LinkedIn provides. For example, LinkedIn Groups are a simple way to create an online forum where customers, prospects and industry insiders can exchange ideas. Similar to an e-mail newsletter, the Group allows invited LinkedIn users to interact with one another and for a company to communicate key messages. With some simple work on the front-end to get the group moving, an entrepreneur can then take a back-seat to let the patients run the asylum – while still maintaining his or her position as the group leader.

Wiki

A wiki (rhymes with tricky) is a website that allows users to edit the content that is posted on the page; the trick to wikis is ensuring the edits are accurate. Wikipedia, for example, is an editable online encyclopedia in which users can edit the content. The reason the information remains accurate is Wikipedia has designated individuals to monitor updates.

From a business perspective, a wiki is a great small business communication tool for companies with geographically distributed offices or teams. Users can post a document or other materials on an internal wiki and allow a group to review and edit the material in one place. Beyond the team collaboration, the wiki also helps with “version control,” a problem that occurs when some users do not have the most up-to-date version of a document. Microsoft’s SharePoint offers companies the ability to make internal wikis, as well as discussion boards.

Some small business communication tools you may not have heard of…

Yammer

Yammer is an enterprise microblogging service – think of it as Twitter for internal business communication. The service allows businesses to create their own internal communication channel and limit use to those who have a valid company e-mail address.

The Considerable Benefits of a US-Based Virtual Assistant Company

Once you have tried having a virtual assistant or working with a virtual assistant company, you will wonder where that idea has been all of your life! A virtual assistant allows you to accomplish more in a given day and also serves to enable you to focus on your company. By being able to focus on the core parts of your business, you will quickly see your business and your bottom-line grow.

When you begin considering a virtual assistant or virtual assistant company, you will no doubt soon realize that there are many overseas options. While many of these virtual assistant company options are fine, working with a US-based virtual assistant company has, in general, far more to offer you. Lets take a moment to consider the ample benefits of working with an US-based virtual assistant.

Opting for an US-based virtual assistant company means that you will have no language barrier. You can likely find a virtual assistant outside of the United States, but as the old saying goes, you do usually get what you pay for. This is definitely the case with virtual assistants.

Working with a US-based virtual assistant means that you wont lose time due to language barriers and the considerable confusion that can come with them. Unless you have experienced the problems that can come along with language barrier issues firsthand, it is difficult to appreciate just how much time and thus money can be lost. This problem simply doesnt exist with a US-based virtual assistant company.

In addition to the language problem, most Americans who opt for a virtual assistant outside of the US find that they have to engage in a good deal of hand holding. If you are the kind of person that finds this annoying and irritating, then an overseas-based virtual assistant is definitely not for you! Additionally, having to engage in constant handholding undermines the purpose of having a virtual assistant in the first place.

In the end, all the micromanaging, handholding and language barrier issues will likely leave you feeling as though you are potentially spending more time than you are saving with an overseas virtual assistant. The fact is that these problems simple dont exist when you opt for an US-based virtual assistant. While you may initially feel that you are saving money with an overseas virtual assistant, at the end of the day, you very well may feel differently. Odds are that with the time you are forced to invest, you could have just opted for a US-based virtual assistant company and saved yourself a good deal of hassle as well!

Local Website Development Company Celebrates Milestone

The company, whose clients range from local small businesses to regional and national companies, has flourished since moving into the bespoke offices in April 2011. It has been one milestone after the other. states owner Colin Harris. We have grown so much in such a short space of time, from just myself to 4 of us. It seems like every week theres something new to celebrate but none of this would be possible without having such great staff and brilliant customers to work with.

We are constantly looking to offer more to our clients. We now offer a Print and Design service, help customers with Social Media and are creating our first ever mobile applications. Our aim is to help business increase their returns or add value. Having a website is no longer enough we are helping businesses to make the most out of them.

John Brown, who is also celebrating a first year anniversary with the company, works as a website designer for Colin. He also lives in Amble and sees the importance of having growing businesses in his home town. Its great for both Amble and me that there are such businesses like this to work for. The last 12 months have been very good and challenging and Ive enjoyed the projects I have worked on.

There are no plans to slow down in Year 2. Colin is currently recruiting for 2 additional members of staff to bring up the total to 6. The values of the company will however remain intact. Our focus is always with the customer – what clients want, servicing them as best we can and helping them to make the most out of the web for their business. says Colin. As we grow, so do they. Many of our clients are taking their websites to the next level on the back of work we have done previously and you cannot have a better endorsement than that.

You can find out more by visiting the companys website at www.colinharris.net.

Internet Marketing And Web Design For Successful Business In Vancouver

When you have a plan to take a business into its next level, internet marketing in Vancouver can be the most useful medium. Even if it is already established and successful, a never-ending marketing is quite necessary to keep up the tempo.

Internet marketing makes the approach less difficult. There are no hard and fast rules; rather it is always a combination of some of the best available resources. How you market your products and services depends on your strategy.

Optimize your website for potential utilization. This can be the first step. There are several other methods and approaches that go into internet marketing. Apparently the broadness of this medium makes it complicated to define what it really is. Yet its various channels have been narrowed down to some popular forms for clarity here. Internet marketing in Vancouver can be done through display advertising, content marketing, video marketing, search engine optimization, search engine marketing, social media marketing, email marketing, referral and affiliate marketing and so on.

Internet marketing Vancouver has advantage over other media in two areas: it is inexpensive and the target audience is not restricted to a specific geographical location, but it can be on a global level. Compared to other media like newspapers and television, the cost of internet marketing is very low. Its effectiveness is measured on a different scale like the cost-volume-profit analysis, which is also quite dependable.

Nowadays, especially in this age of social media, internet marketing can offer a profitable online business or market an offline business online. For more there is the web design Vancouver, which can create and develop your website with customized programs for search, social marketing and online advertising. There are several web design packages that you can choose from, for your business according to your budget.

Internet marketing and web design solutions in Vancouver are surprisingly valuable for your business. For this complicated method of marketing and designing, any business can start from a traditional approach like writing its copies and contents, and naming the brand. Then there are two ways the process can progress: (a) online approach that includes email campaigns and online advertising and others; and (b) the social media marketing and search engine optimization, which includes getting your website pages on the first page of Google, advertising through Google Adwords, Facebook ads etc, and featuring on Facebook, Twitter, and YouTube and so on. Once you succeed, internet will be the same again.