Own A Franchise Financial Conversations To Have With Your Family Before Choosing A Franchise

Guest Blogger: Ray Moore, CFE, Vice President of Development, BrightStar

The successful franchisee will first and foremost find the right fit. The right fit may be the one that best fits his or her financial resources and goals. The potential franchisee should sit down with their spouse and family and ask some hard questions. Together they will have to decide what outcomes they need to realize to consider this venture a success. They will have to separate out the must have or non-negotiable outcomes before shopping for a franchise opportunity.

The couple/family should agree to the following each family will have to fill in the blanks according to their own circumstances. Its a good idea to consult an accountant:

1.We will not invest more than $_____ of our cash/liquid capital.
2.We will not borrow more than $______ in additional funds to capitalize the business.

With any start up, business owners need to have enough money, either set aside or in other income, to cover household bills and run the business for 12 to 18 months. The following questions will help determine how much is needed:

3.To make sure we can still live comfortably while growing the business, we will cut our household budget to $ ____ per month for at least ____ months and be sure to never exceed that budget.
4.We will only buy a franchise that we have confidence can get big enough to feed itself, i.e., income (cash flow) will cover monthly business expenses (fixed and variable costs), no later than ___ months after signing the agreement.

With many new business start ups, the owner will not be able to take a salary for 1-2 years. The family needs to know that household expenses will be covered during that time.

5.We will only seek a franchise for sale that we have confidence will be able to pay me a discretionary salary (enough to cover some or all of household expenses) without harming the business no later than ___ months after signing the agreement.
6.We will generate other income of $___ (amount needed to make up for loss of other income and savings budget) from ___ (spousal income, other household income or investments) independent of the new franchise business.
7.We will only pursue a franchise business opportunity that will allow us to have our initial investment back, i.e., pay off the start up loan from business income, in ____ months/years.

These are just some of the items that typically come up, or should come up, during the conversations leading up to buying a franchise. Asking the right questions will get you the answers you need. Ask them of yourself, your spouse, your family, the franchisor and other franchisees so you can get the full picture of what your life will be like while building your business, and what it can be like once you have established your new franchise.

Ray Moore, CFE, BrightStar

Obtaining Pet Store Franchise

If you really love animals, and being around them, what you can do is have your own pet store. The advantage of having your own pets store is that you are surrounded by animals which you love, and make money at the same time. Plus, you can save, because you can now get pet supplies for your own pets at a cheaper price. The next thing to think about is whether to start from scratch or just acquire a pet store franchise.
To Franchise or Not to Franchise
Before jumping into any conclusions as to which is the better way to go, you must survey your options. Weigh the pros and cons of building a pet store from starting from scratch or obtain a pet store franchise. Sometimes starting from scratch is a lot more difficult than obtaining a pet store franchise.
If you decide to start from scratch there are a lot of things to consider. You have to identify which type of pets you want your pet store to carry. There a lot of animals, so you need to narrow down your options. Think of the area on which your pet store will be situated. Realize your target market and base your choice of animals on the sell ability of that type of pet in that type of area.
Next thing is you have to know whether you will also stock your store with pet supplies, like dog food, fish food and other pet store supplies. Another thing is advertising will you be able to advertise your store to gain enough followers. The good thing about going with a pet store franchise is that you will be bringing an established name, and with it the advertising needed, and also the product name and the products itself. You will have a sort of manual, a guide on how to run your pet store.
So if you want to purchase a pet store franchise it’s a good thing to remember that you have to know the specifics of that certain company’s business franchise information. Pet store franchising involves a lot of research on your part as the franchiser.
Before getting hold of a pet store franchise, there will be a franchise agreement between you and the franchise center. A franchise agreement generally outlines all the franchise information like what rights you have, what are the rules and regulations, and the relationship between you and the mother company.
As the procurer of the pet store franchise the franchise agreement also contains the information of what you are allowed to sell, the advertising inclusions, the degree of uniformity and the parameters to which you can operate. If this all sounds a bit confusing, you can always go to a franchise lawyer.

Economic Calendar From Forexminute To Help You Trade Well

Apart from economic calendar, you may also need to have access to Forex tools like Pivot point calculator, Forex signals, profit & loss calculator, Fibonacci calculator, etc. However, according to a reviewer at ForexMinute, you cannot do better if you are not subscribed to economic calendar for it is the one of the best tool that you should own. Additionally, most of these tools have specific use but economic calendar has plenty of use.

For instance, whereas some of these tools can be used for technical analysis, some others are useful for traders when they are doing fundamental analysis; however, you can use Economic Calendar for better planning and better decisions as well. Nonetheless, traders admit that when Forex is becoming increasingly popular because of its marvelous web tools, it is important for them to get the right economic calendar from ForexMinute.

Nevertheless, when you are trading Forex or binary options, you need some Forex tools that help you enrich your trading experience but not without a reason. The reason is that sophisticated trading can be made easy without much hassle when you are trading. Also, one of the Forex tools i.e. economic calendar from ForexMinute which has brought in this tool for traders after a lot of efforts and research, you can do well.

Thus, helping traders big time and promise them better trading experience without much hassle, this online portal is definitely a place which you should always look for. Also, as ForexMinute makes sure that trading Forex or binary options becomes beneficial when traders are using the latest technology solutions and tools, traders definitely prefer such a solution provider in all conditions.

Nonetheless, it is well understood that search for the right economic calendar and financial calendar must continue at all costs. It to be noted that the search ends at ForexMinute as it is the only reliable source out there for you. Also, with economic calendar you get access to the world of information where you know about the policy changing events, you can schedule your trade according to these changes and events.

Some policy changes and events that take place around the world are incorporated in the new reports that come from the government and other national and international bodies that tend to have influence on foreign exchange too can be accessed with the help of economic calendar for that matter. Some traders even admit that when they are using economic calendar and other tools from ForexMinute, profits go higher.

Overseas Trade Ea Trading Myth – They Help Make Substantial Positive aspects – They Do Not, Every W

The monetary slowdown within the current instances has urged guy to be quite diligent and professional in managing his or her personalized finances. They’re compelled to juggle with a number of business enterprise platforms. Thus Foreign exchange EA trading has turn out to be a blessing for the Foreign trade business.

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The benefits with the expert adviser application usually are one explicit the investor should not be burdened together with brokerage service fee or service expenses. Secondly, it could be run on just about any laptop computer or computer program or cell phone. Thirdly, it analyzes the prior market and might make it pertinent for the present marketplace tactics. Fourthly, it is unperturbed on account of virtually any emotional crisis and makes objective selections. Fifth, the cease loss options assist to increase the revenue and reduce the loss.

This software program package is drastically commercialized and infrequently perform very well. His or her efficiency is very distinctive from your again once more check outcomes. The software program program could be chosen only from stay on the internet revenue account and avert from falling right right into a scam.

Stealth Forex Signals

Precisely what does the software program package really do for that shopper is the fact that the 2 the buying and providing of stock along with a number of forex stock is carried out devoid of human intervention? They do assist to make large profit by means of the funding capital.

The computer software program package ought to be truly customized and particular person friendly. The shopper support needs to be easily readily available. The cash again guarantee schemes should be availed. An authentic developer actually ought to supply fairly a bit of standards to generate the product productive, simulated accounts may very well be operated to test the top quality. The Help forum is normally formulated to voice his or her reactions. The purchaser is likely to be educated with the video and PDF message boards. It might be useful to get experiences of legendary giants who’ve bought the precise time investigated application.

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To interrupt the ice with regards to the Forex EA trading, it is extremely good to undergo the Foreign exchange Computerized robotic opinions, have in thoughts experiences of legendary giants that have obtained the real time researched software and been effective.

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Learning To Trade Overnight Trading Range Breakouts

Trading breakouts is one of the most tried and tested methods of trading the forex markets because when the price breaks out of an established trading range, it often continues to move strongly in that direction. Therefore there are some excellent profits to be made.

There are lots of different ways you can trade breakouts. You can wait for a quiet period of the day for instance when the price is barely moving and is confined to a very narrow range, and wait for a breakout to take place, or you can use bollinger bands and wait for them to narrow because this often precedes a strong breakout. However in this article I want to talk about a particular strategy that involves opening ranges.

I’ve been experimenting with this strategy on the GBP/USD and EUR/USD pairs recently and it seems to work very well. What you basically do is to look at the opening hours between 00.00 and 06.00 GMT (or 08.00 if the price is still within this range up until this time) and draw two horizontal lines marking the high and low points for this period.

Then you simply wait for the price to break out and close above (or below) one of these lines and take a corresponding long or short position. This method works well when there is a narrow opening range and the reason it works is simple. Every pair has an average daily range (the GBP/USD is roughly 220 points and the EUR/USD is roughly 180 points according to 2008 figures) so if the opening range is a small fraction of this number, then you know that there are a lot of points to be made either above or below the current opening range.

It’s not a method that can be used every day on a certain currency pair because sometimes the price will move quite substantially in the opening few hours, but it’s well worth putting into practice when the opening range is very narrow.

There are various ways you can actually trade this system. You can either jump in as soon as the breakout bar or candle closes, or if you want to place the odds substantially in your favour, you can wait for an initial breakout followed by a pull-back into this trading range, then trade the subsequent breakout (if there is one) because this continuation pattern is a very profitable signal.

Either way you should find that these strategies (or variants of these strategies) are generally very effective because the price will very often move strongly out of this opening range at some point during the day.

Kfc Franchise – What You Need To Know

A KFC franchise is just part of the umbrella of the Yum Brands empire. Yum Brands is the largest restaurant franchise system in the world. KFC franchises are located in over 80 countries worldwide and have sister franchises like Pizza Hut, Taco Bell, Long John Silvers and A&W.

There are quite a few advantages of being part of the Yum Brands family however, owning a KFC franchise may not be right for you.

First and foremost, any potential franchisee must be prepared to own more than one franchise. Therefore, if you want to open a KFC, you’re also most likely going to need to open another franchise in the same location. That’s why you see so many groups of fast food stores in the same location. A good idea would be to consider owning multiple franchises on multiple sites.

Yum Brands has quite a reputation for having ambitious business owners as their franchise owners. To be considered on their “good list”, you’re going to have to own at least three KFC franchises. In fact, ambitious franchise owners will get help from Yum Brands on building up their franchises.

The upfront cost to get into a KFC franchise is why so many people do not qualify for this particular franchise. Go ahead and plan on spending 1,000,000 to 2,000,000 to start up your KFC franchise and partner brand franchise. Furthermore, your net worth has to be above 1 million and you have to have liquid assets of at least $360,000. On top of that, you must have experience in the food service industry or least your partner must have that experience.

Plan on spending at least a year going through the whole process from start to finish. If you qualify based on their requirements, you will meet with the Yum Brands leadership to see if the relationship would be a good one for both parties involved. Then there would be the work finding a site and all that other fun stuff.

Bottom line is owning a KFC franchise can be very profitable and a very solid investment even if you can qualify for the high demands of buying a KFC franchise.

What Are The Advantages Of Getting A Travel Franchise For Yourself

You must be aware of the franchise model that many businesses all over the world follow. The travel industry is no different. There are many companies who offer travel franchise to business owners who are looking to set up their own business without having to work on the initial business model and stuff like that. Owning a travel franchise can be a profitable thing for you. Here are the advantages of owning a travel franchise, especially if you are in India:

Getting a share of the pie- Travel industry in India is still at a very nascent stage. It is expected to grow at a stupendous rate. Therefore, having a travel franchise gives you an opportunity to get a share out of that stupendous growth. And that certainly translates to a fantastic business opportunity.

No teething problems- Starting a business can be a tough affair. You have to take care of the market research part, set up a profitable business model and do loads of hard work to establish a business. The same holds true for the travel industry as well. However, when you decide to own a travel franchise, what that essentially means is that you are getting to set up your own business without setting it up in literal terms. What I mean to say is- you get the business model and an established name without having to work hard.

Value for investment- To own a travel franchise, you of course have to invest some amount into it. However, investing in a travel franchise is a safe bet. The reason being that as said earlier, the travel industry is bound to grow and therefore, your travel franchise is bound to get business. Secondly, you get an established business to head, so you dont need to worry about marketing and other aspects. You just need to follow the guidelines of the parent company and you are done. It is as simple as that.

For the people with an entrepreneurial streak in them, getting a travel franchise for themselves is surely a smart way to move forward and one that will ensure good returns on their investment.

What is USDA Organic and Trade Certified Coffee New York

What is USDA Organic and Trade Certified Coffee

USDA Organic coffee does not include chemical materials that are artificial. This is because a few of those materials that reveal up in non-organic coffee include specific kinds of herbicides and chemicals.

USDA Organic Coffee

Approving coffee as natural needs the ranch the coffee was fed at is a completely natural ranch. Long before coffee can officially be identified natural, a USDA broker need to assess the site where the coffee was generated. There are nationwide specifications that the coffee has to satisfy prior to being taken into consideration natural. The nationwide specifications explain that the coffee ought to be expanded on a ranch that asks planters not to make use of chemicals on their plants within the last 3 years. Exemptions are frequently made to this criterion and there is no assurance that any type of coffee identified USDA Organic is entirely devoid of deposit from chemicals.

Kinds of natural fertilizer that are frequently used to increase coffee grains include general compost, chick manure, bocachi, and coffee pulps. If it is determined coffee grains were expanded utilizing phosphate or man-made nitrogen the USDA will rule out them to be natural.

After coffee grains have actually been selected, the Organic Meals Manufacturing Act oversees the production of the coffee and moderates the chemicals that can be used to create it. These policies are not always followed. The Organic Specification Board of the Usa has actually stated that identifying coffee as natural does not make it any type of healthier than coffee that is not taken into consideration natural. Trade Certified Coffee

Trade Certified Coffee is coffee that supports the suggestion of family members who run farms having much better lives. This is completed by charging customers fair prices for coffee. It likewise involves the advancement of farming communities and sustaining stewardships of an environmental nature. A balance of trade planter is one who functions directly with the companies that supply items to supermarket, restaurants and coffeehouse around the nation. These are frequently international customers that can aid planters obtain their coffee into shops all around the globe.

Because of the reality that planters increase grains to create trade certified coffee, they can better assist their family members and spend for the college education and learnings of their youngsters. They likewise aid to make international trades more popular and more successful for planters far and wide as well as protect the atmosphere by maintaining the globe’s resources and dramatically lowering ecological contamination.

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What Is The Role Of A Trade Union

Most people have heard of trade unions, especially when they appear in the news in connection with teachers’ strikes and such matters, but quite often people do not fully understand the purpose of a trade union, who they represent, and the possible benefits of belonging to a trade union. Do you have to join a trade union? Will you be penalised by your employer if you do? How can a trade union help you? This article seeks to address some of these questions and takes a brief look into the overall role of trade unions.

A trade union is a membership organisation that seeks to help and protect its members in the working environment. Although trade union representatives try to establish and maintain good working relationships with employers – and indeed between their members and those members’ employers – most trade unions are independent of any specific employer.

A trade union will seek to help its members in a whole manner of situations. They may negotiate favourable pay and working conditions for their members and discuss and advice on any big changes taking place in the working environment (such as mass redundancy). They will also talk over with their members any concerns they may have about their working environment and help them to find a solution, accompany them in disciplinary matters and at employment tribunals and provide them with legal and financial advice where needed.

Trade unions may also provide protection and representation for their members outside of the workplace. For example, they may try and place pressure on the government or public bodies to make changes which will benefit their members or may seek to promote their members’ rights and objectives in other ways.

By law, an employer cannot penalise an employee for deciding to join a trade union, deciding not to join a trade union, or deciding to leave a union of which they were previously a member. The decision is entirely up to the employee and they must not be made to feel any pressure about their decision by their employer.

In conclusion, many workers join a trade union because they believe they will be able to negotiate better pay and terms and conditions, they will have access to training for new skills, they feel confident that they will have somebody to turn to – who has their best interests in mind – who will be able to help them with any problems at work. They are also attracted by the prospect of lifelong legal and financial advice that will be made available to them. If you are interested in a joining a trade union you should look for information in your work handbook or contact the TUC for details of your local union.

Copyright (c) 2011 Robert Gray

What is Forex trading?

Forex is short for Foreign Exchange Market, and it is a market where currencies are traded.

Next, we’ll look  what is forex trading,  and how to get started as a trader in Singapore.

What are currencies?

Forex trading is the act of exchanging one country’s currency for another. Currency trading is done online through platforms like SGX, where traders buy or sell currencies against another, referred to as ‘spot trading.’ The Forex market in Singapore is highly liquid, with over $430 billion worth of daily transactions conducted.

Currencies are mediums of exchange used by countries to facilitate trade between each other. Currencies can be classified into three major types: fiat currencies that hold no intrinsic value, commodity currencies whose price fluctuates due to economic factors and collectable/rare currencies that are traded chiefly for investment purposes.

The world’s most widely traded currency is the US dollar (USD), followed by the euro (EUR) and the Japanese yen (JPY).

What is spot trading?

Spot trading is a two-way price negotiation, where currencies are traded based on their current market value. Spot trading consists of buying or selling a currency at its ‘spot’ price, which refers to the midpoint between individuals willing to buy and sell a particular currency.

How do I get started with forex trading in Singapore?

To start online forex trading, you’ll need a trade account as well as access to a Singapore-based bank for funding purposes. Then it’s simply a matter of researching currencies and choosing those that promise high yields through technical analysis. As long as you have sufficient capital, nothing is stopping you from making your first trade!

Types of Orders?

A beginner needs to understand what type of order they should use when executing trades.

Here are four types of orders commonly used by traders:

Market

Allows you to enter or exit at your desired price limit.

Stop Loss

Allows you to set an order to trigger only when the market reaches a specific price.

Take Profit

This lets you set an order to trigger when the market reaches a specific price.

Limit

This lets you set an order that only gets executed if the market trades at this price or better.

Underlying Market

The forex is unique as it doesn’t just trade one currency against another. There are three currencies in play, and they’re traded simultaneously.

These three can be US Dollars, Euros or Japanese Yen – depending on your location and which market you decide to use. Within these three currencies, there are a total of 15 majors (currency pairs).

So, for example, a trader could sell USD, GBP and EUR all at the same time, depending on where they live

Forex Brokers in Singapore

When you are looking for a broker, there are several things that you need to consider.

The first thing is whether the forex broker is regulated or not. By choosing an authorized dealer, you can be assured of your protection as well as having access to top-quality services. If you have any problems with your trades, the government will take care of them and help recover your money. And if they do not help, then at least they will protect you by punishing those who acted illegally. It’s something that every investor should look for in a potential forex broker.

Another significant factor is what type of platform are they using? Do they have their own trading software, or are they using some third-party software developed by MetaQuotes? It might not sound like a big deal, but this is the difference between having a fantastic trading experience and having a terrible one.

Metatrader 4 platform offers such unique features as price alerts, social trading and much more. You can discuss your trades with traders worldwide and create your own group of people that trade the same currency pairs as you do. This way, you will be able to learn even faster and make even more money with your forex trades! I’m telling you – it’s worth it!