There are many ways to negotiate a fair franchise agreement. The ability to negotiate franchise agreement changes is determined by several factors including franchisor maturity, system size, and target markets. Additionally, your area’s brand visibility and the number of franchises you’ll be obtaining impact your negotiating ability as well. As an entrepreneur, the rationality of your requests affects a franchisor’s ... Read More »
There are many ways to find boutique clothing wholesalers. Since buying inventory to sell in a fashion boutique is often a significant investment, business owners tend to need a lot of information from their wholesalers. These wholesalers provide inventory at reduced costs, but often limit the negotiation and quality assurance powers of boutique owners. As a business owner, maximize your ... Read More »
According to the Global Entrepreneurship Mentor Report, over half of entrepreneurs operate their business from home after it has been established. Another 30-50 percent of commercial space is occupied by small businesses, according to the Bank of America and the U.S. Small Business Administration. Whether you have decided to expand your business or want to explore the benefits of owning ... Read More »
When starting a Hawaii LLC, or limited liability company, there are several regulations to follow. Typically, LLCs are relatively affordable and easy to form. In fact, LLCs offer their owners legal protections by separating personal assets from their business debts. However, forming an LLC can be complicated depending on the laws of the state you’re located in. As a business ... Read More »
There are many ways to spot product invention companies that are legit. These companies claim to evaluate inventions, research patents, and contact manufacturers for clients. However, several of these businesses have been investigated by the United States Federal Trade Commission (FTC) and other government agencies. As an inventor looking to start a business, the US Patent Office estimates the country ... Read More »
There are several key differences between a factory outlet and a company retail store. Since the 1930s, outlet stores have allowed larger-name retailers to dispose of their unpopular damaged products. Due to lower product quality, outlets were able to charge lower prices than their retail counterparts. Today, many modern consumers still turn to outlets for their bargain prices without doing ... Read More »
There are many strategies for local business lead generation. These strategies provide businesses with data and insights used to increase brand engagement and reach new audiences. By sending prospective leads through the generation processes, businesses significantly increase their chances of conversion and online sales. As a business owner, investing in these methods secures more consumers for your products and services. ... Read More »
There are many ways to find cheap small business insurance quotes for protection. Various insurance policies protect businesses from legal claims resulting from daily operations. Often, incidents such as bodily injuries and medical payments are costly. Fortunately, they are typically covered by insurance policies. As a small business owner, preserve your business and capital from property damage as well as ... Read More »
Running a business isn’t easy. The emotional, mental, and physical demands can be taxing for even the most resilient entrepreneurs among us. The personal stakes are high, and there are many demands placed on the owner if they want to keep their business running profitably. This is especially true for those that own sole proprietorships, which make up nearly 73% ... Read More »
For new business owners, writing an operating agreement for their new limited liability corporation is a good way to outline all the key functions of the business. While an operating agreement is optional in many states, it is highly recommended. A well written agreement can create a formal foundation to grow the new business. Having established, written rules for distribution ... Read More »
Business First Family Business, Accounting, Finance, Investing, Marketing And Management