Monday, July 20, 2009
Saturday, July 18, 2009
Franchise or Independent Business?
http://www.franchiseinfosite.com/Display_Franchise_Articles.asp?ID=441
This is an interesting article for anyone trying to decide whether to open their own independent business or a franchise. There are advantages and disadvantages to each. I’m not sure if I would like the idea of a franchise because someone else would have a lot of the control over how I run my business. I think I would much rather open an independent business. There are alot more risks with opening an independent business rather than an existing, proven, successful franchise. However, if I were to start a business, I would want full control. I want to be my own boss and make my own decisions on how to run my business. I know that all the responsibility would fall on me if problems occur but I feel it would be worth the risk in order to reap the benefits and know that I did it through my own ideas and planning.
This is an interesting article for anyone trying to decide whether to open their own independent business or a franchise. There are advantages and disadvantages to each. I’m not sure if I would like the idea of a franchise because someone else would have a lot of the control over how I run my business. I think I would much rather open an independent business. There are alot more risks with opening an independent business rather than an existing, proven, successful franchise. However, if I were to start a business, I would want full control. I want to be my own boss and make my own decisions on how to run my business. I know that all the responsibility would fall on me if problems occur but I feel it would be worth the risk in order to reap the benefits and know that I did it through my own ideas and planning.
Friday, July 17, 2009
The Recession
Working as an intern for a large mulit-billion dollar business, you may think that I do not see effects of the recession as much as other people. However, I am seeing them more and more every day. For example, not only are they laying off people in the next few months, they are also only taking on half the amount of new hires. This has a large effect on me, as I will be graduating and competing for one of these spots. Also, in looking around the office, there have been many cutbacks including no coffee or lunch for long meetings and a lot less corporate travel. In seeing these changes, I wonder how the recession is effecting the small business community.
I read an article about small businesses and the recession and it seems that they are being hit just as hard. Economists are predicting a recovery by the year 2012 but will the small businesses last that long? I guess only time will tell.
This is the article I read: http://www.morebusiness.com/recession-small-business
I read an article about small businesses and the recession and it seems that they are being hit just as hard. Economists are predicting a recovery by the year 2012 but will the small businesses last that long? I guess only time will tell.
This is the article I read: http://www.morebusiness.com/recession-small-business
Thursday, July 16, 2009
Self-employment
As I was completing the assignment about the 20 steps to self-employment it reminded me of my internship with a small start-up company two summers ago. The day I started, the company still needed their phones set up so that was my first task. As the summer went on I began to realize the steps the business was taken to get off the ground. These steps I noticed related to the steps in the slide-show about the self-employment.
Before I had arrived, the business plan had been proposed and was already in full swing. The four employees of the company were very motivated and excited about their ideas. As I spent more time with the company I was able to see the employees decide on health insurance, start a functioning website, choosing a bank to work with, making business cards, and using other resources to help advance the company.
Before I had arrived, the business plan had been proposed and was already in full swing. The four employees of the company were very motivated and excited about their ideas. As I spent more time with the company I was able to see the employees decide on health insurance, start a functioning website, choosing a bank to work with, making business cards, and using other resources to help advance the company.
Wednesday, July 15, 2009
101 franchises to RUN from your home....
http://www.entrepreneur.com/magazine/entrepreneur/2009/june/201848.html
What do you think about these opportunities????
What do you think about these opportunities????
A Guide to Self-Employment
http://www.businessweek.com/smallbiz/content/jan2009/sb20090123_156963.htm
Check out this article...I think the importance of networking cannot be overlooked. Check out this social networking site http://www.linkedin.com/ ..it is a great place to network in a professional way.
Check out this article...I think the importance of networking cannot be overlooked. Check out this social networking site http://www.linkedin.com/ ..it is a great place to network in a professional way.
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