06-16-2022, 07:44 AM
The biggest advantage of franchising appears to be the reduction of risk you will be taking for your investment. This is because franchises typically get up and running faster, and are profitable more quickly. This can be a result of better management as well as a well-known name. According to the Small Business Administration (SBA), most small businesses fail because of weak management. It is in this area that the franchising option shines the most. When you lease a franchise, you are leasing that managerial know-how. The often-instant recognition from customers is also a big plus. Customers are dealing with a "known" rather than an "unknown." Think about it: If you are driving through a town you've never visited before and have the choice of a "Billy Bob's Fried Chicken" or a "Kentucky Fried Chicken," which one are you more likely to stop at? Until you know that Billy Bob's is THE place for fried chicken, you may not want to take the chance.|A guitar that works with an iPhone created at the Rick Hanes guitar factory in Sidoarjo, Indonesia. When folks talk music and technology these days, it's often about how advances in sharing and streaming - or at least the business model based on those advances - makes it tough for most hard working bands to earn an honest buck. Although Spotify and Apple Music may be giving artists a hard squeeze, the dawn of the digital age hasn't been all bad for melody makers. Technological breakthroughs have also created a whole new sandbox in which musicians can tinker and tailor new tunes. Just take GarageBand, the Apple software that's helped artists turn their homes into recording studios. The application not only records music, but allows users to lay down different parts of a track separately and then combine them into one song with a wide variety of editing and looping tools.
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