Franchising has its dark side

Article Abstract:

The British franchising industry is growing at a rate of more the 20 percent per year. Potential franchisors should be aware of the risks involved in franchising. Apart from the obvious problems of finding suitable franchisees and qualified financial advisers who understand the franchising industry, the franchisor will have to be involved in two different, but related marketing activities. Franchise operations require substantial capitalization, and close accounting controls.

Management, Accounting, Small business, Franchises

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A portrait of the entrepreneur

Article Abstract:

The characteristics of successful entrepreneurs are discussed. The entrepreneur is typically someone who has become dissatisfied with his or her career path, and wishes to achieve greater independence and creativity by bringing a new product or service to market. Entrepreneurs have a consistent value system that is based on moral imperatives, patience, drive, the ability to cooperate, courage, and an understanding of leverage.

Analysis, Venture capital, Businessmen, Entrepreneurship

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