Free yourself from servitude

Article Abstract:

British franchising, begun in 1977 with the establishment of the British Franchise Association (BFA), has developed from servicing individuals as a customer base to include business-to-business enterprises and European operations based in Britain. There are three basic forms of franchising in Britain: job franchises, business format franchises, and investment franchises. Each form is discussed as a relatively economic method for going into business for oneself. Examples of franchising opportunities are identified, methods of selecting the right franchise are examined, services available from the BFA are detailed, case studies of franchising operations are briefly described, and statistical data from a BFA survey are provided. In Great Britain, there are 9,000 franchisees and 300 franchisors, accounting for 5 percent of the nation's retail sales (by comparison, franchising operations in the U.S. represent closer to 40 percent of total retail sales).

GENERAL MERCHANDISE STORES, MISCELLANEOUS RETAIL, United Kingdom, Retail industry, Retail trade, Small business, Franchises, Exclusive dealing agreements

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The money manager a new type of executive

Article Abstract:

Having realized British companies' need for money managers, managerial accountants formed the Association of Corporate Treasurers (ACT) in 1979, which boasts more than 1,000 members as of year end 1985. Treasurers' duties (as opposed to those which come under the jurisdiction of management accountants and those handled by the controller) are detailed; these treasurer duties include: establishing corporate financial objectives, cash management, investment management, funding management, currency management, and corporate finance. Approximately 33 percent of the British companies with corporate treasury departments established the position of corporate treasurer between 1970 and 1974 and 48 percent established this position between 1975 and 1979. The current duties of corporate treasurers in Great Britain was surveyed by the ACT in 1982. The results of that survey are analyzed.

Management, Usage, Innovations, Finance, Services, History, Accounting, Employment, Investment advisers, Accountants, Corporations, Corporate finance, Cash management, Managerial accounting, Corporate officers, Association of Corporate Treasurers, Controllership

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A thoroughbred in your garage?

Article Abstract:

Automobile collecting as an alternative investment is discussed for 'veteran' cars (automobiles originally manufactured prior to 1904), 'vintage' cars (automobiles built between 1918 and 1930), and 'classic' cars (automobiles since 1930). The National Motor Museum of Great Britain (begun as a Lord Montague's private collection) contains 200 automobiles and traces the development of the automobile from 1895 forward. The auctioning of the Harry Ellard collection of 90 automobiles is discussed, which sold for a total of more than 100,000 pounds sterling. Of the automobiles being collected in Europe, the Rolls Royce makes continue to be the most popular and the 'Greats' of the antique cars (cars such as Bugattis, Aston Martins, Daimler Benzs and Bentleys) have increased in value by as much as 400 to 500 percent in the past ten years.

Motor vehicles and car bodies, Evaluation, Automobiles, Investments, Collections and collecting, Vintage automobiles, Vintage cars

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