Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
Related Discussions
Related Definitions
Related Categories
Tip of the Day

Tip of the Day Avoid Fees

Avoid Fees - When using long-term investments as a money-earning vehicle, it is wise to remember that any returns that are made on that money must deduct any fees paid...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

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.

Discuss It!
Most Popular Articles
Most Popular Definitions
Related Questions
 
Daily Definition

Definition of the Day Earnings Report

Earnings Report - The Earnings Report is a financial document that is published by a public company. The document will contain the following information. Earnings (minus all costs and taxes over a given period) Income (profit minus expenses) and expenses (any cost of doing business to generate revenue) the earnings...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com