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Tip of the Day Play the IRA Game Smart

Play the IRA Game Smart - When planning for your retirement it is always wise to do it in the right order so that you have the plan with the...

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    Franchise Business Plan

    Business plan could be defines as an asset objectives defining the existence of the business, the major beliefs behind the attainability of the objectives, its scope for expansion and development. It also contains the major aims of the organizations and the various methods using which these aims can be obtained.

    The businesses may have either a profit motive or service motive. The business with profit motive would have major objective of earning profit while the businesses with service motive would have service as the major objective. Business plan simply could be defined as an idea with the various backups that would require for a business and a detailed business investigation along with the techniques for survival in that specific market. The details are often very specific as such plans may go for very high rates. These plans would be highly useful for those people who have all the required resources but a good plan as to what business to start and how to start and the various technical know-how's. These plans are often not executable by the planner itself because he might not have enough resources.

    The owners of such business plans with limited resources cannot stay without operating the plan as well so what they do is that they franchise. Franchising is a technique in which the owner of the model to the person who is ready to practice it at a specific rate if the franchisee seems to be promising contracts a particular business model. This would not lead to the either the destruction or the wrong use of the plan this would only majorly help the business plan to be put to use and also turn it into a major source of income.

    These business plans also provide minute details about the various types of resources that would be required along with the various specifications concerned with them. The business plan provider might also provide training for the franchiser so that the plan is executed in the most efficient and effective manner so that the maximum could be gained out of it.

    They have several advantages as well as disadvantages. The disadvantages are mainly that once the term of business between the franchiser and franchisee is over the franchisee might tend to leak out the details to the competitor for a specific rate. This might lead to the failure of the plan in the future or might not reap benefits the way it was supposed to reap.

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    Definition of the Day Permanent Financing

    Permanent Financing - When a need arises for a company or individual to purchase or develop something that is not expected to be sold in the next fiscal year, such as office furniture or manufacturing equipment, this is called a long term fixed asset. Often short term financing is required...

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