Category: Business & Finance
deliberate decision on buying a franchise business should be made considering all the pros and cons of the deal. The greatest advantage of franchising for the owner is the ability to bring independent retailers together through using one and the same brand name, model, and business concept. Buying a franchise business means participating in distributing products or services through retailing channels owned by independent operators. Franchising makes it possible for the franchisor to growth the business while minimizing investment activities.
The audit of the business management environment starts with investigating the foundation of any organization – strategic planning. Business strategic planning identifies what goals the organization is supposed to achieve and determines how it should act to reach the destination. Auditing strategic planning allows the auditor to get insight into the company’s top-level goals and expectations and then compare the current status of the goals with the plans. Below we present the definition and key elements of the strategic planning process and outline a list of questions for auditing the process.
How to choose the best accounting software system for my business? This is very important question that every business owner has when facing the need to manage finances. What do you think about it? How will you choose an accounting software solution for your business? What criteria will you use? This article is written to help you answer all these questions. Here we give the top five considerations for choosing the best accounting software system.
Today it is nearly impossible to efficiently sell a product or service without having conducted market research. The importance of market research is that a business company gains a suite of solutions for developing business processes, increasing profits, improving company performance, investigating competitors and getting more satisfied customers. The following article highlights three key opportunities that your organization can gain from planning and conducting market research.
Business risk mitigation is one of the most prioritized tasks of good leaders and managers who tend towards reaching the best management practices. While an ability to efficiently respond to business crisis situations is critical for planning the mitigation of business risks and uncertainties, there are other driving forces that should be taken into account by crisis managers and executives when developing a business risk mitigation strategy.
