Key Signals You Should Turn Down a Franchise Opportunity

Any successful entrepreneur needs to know how to say no and walk away. If you want to make big bucks in business, you must be ready to grab opportunities but you also mustn’t be afraid to turn them down. The key to finding the perfect franchise opportunity is not just to acquiesce to anything that comes your way but to do your due diligence and make sure you fully evaluate every potential franchise opportunity beforehand. It is likely that you will have to turn down multiple deals before you find the right one for you.

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Time Management: Become the Master of Your Own Time

You may have adopted resources already to manage your time better, but if you haven’t now is the time to do so. If you have already dedicated resources to time management but still don’t seem to have enough time, here are some more tips that will help you to become master of your own time.

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Embrace Diversity in Your Workplace

When companies begin to stagnate it is often because they have failed to embrace diversity. A lack of diversity in their workplace results in a dearth of fresh ideas and an inability to tackle problems innovatively. It is vital to encourage diversity of all kinds. Academic research has proven that it pays off. Your staff should embody diversity; this includes taking into account race, religion, gender, sexual orientation and disability. A study by the Harvard Business Review suggests businesses benefit from diversity, especially in terms of creative problem-solving. Another research project by Morgan-Stanley determined that gender diversity in the boardroom may result in higher stock prices. The bottom line is, the more varied the talent working in your firm, the more diverse the opinions and ideas backing your business. This in turn will lead to a more savvy, innovative and agile company. Here is how to ensure you embrace diversity and benefit from the competitive edge it will give your firm.

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Referral Groups 101

Referral Groups are networks of people that have built bonds based on trust, commitment andreferral. The ideal referral groupcontains a wide range of committed members who regularly meet to forge trusting, professional business relationships, as well as to pass on quality business leads andreferrals. Referral groups owe their success to the power of a unified team of people affiliated through trust and common goals. Sociologists use the term social capital to describe the collective benefit to a group of people when they cooperate through social networks. They explain that social networks generate value that is based on group bonds. The referral group is the ideal way to generate social and financial capital for your business.

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4 Things Remote Companies Can Do to Build Company Culture

Most people believe that co-located staff have a more unified company culture and therefore sync better together as a team. This does not have to be the case. For any company, whether co-located or remote, there is no easy route to building company culture. It does not just happen overnight, even if everyone is in the same building. Every business has to work on it. Obviously, when teams are remotely located, different measures will need to be implemented to build company culture. With a distributed team, if you put in an effort you can build a company culture even when employees are located thousands of miles away from one another. Here is how.

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Take Your Business to the Next Level With a Virtual Assistant

Companies are increasingly hiring virtual assistants for the plethora of services and skills they offer. Virtual assistants, aside from providing aid during busy times, can also enable your business to launch, establish itself, and grow. But you may wonder “what exactly can a virtual assistant do for me?” The ways in which a virtual assistant can help you and your business are manifold, they are as diverse and distinctive as the individual virtual assistants are themselves. However there are some clear cut ways in which a virtual assistant can aid you to acquire a professional face. Here is how.

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Take Your Business to the Next Level With a Virtual Assistant

Companies are increasingly hiring virtual assistants for the plethora of services and skills they offer. Virtual assistants, aside from providing aid during busy times, can also enable your business to launch, establish itself, and grow. But you may wonder “what exactly can a virtual assistant do for me?” The ways in which a virtual assistant can help you and your business are manifold, they are as diverse and distinctive as the individual virtual assistants are themselves. However there are some clear cut ways in which a virtual assistant can aid you to acquire a professional face. Here is how.

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Buying a Franchise - What Questions You Should Ask

Although you may have numerous motivations for wanting to buy your own franchise, there is one key factor you should keep in mind that will determine the success of your venture: money. That means that when you are evaluating whether or not to buy a particular franchise, you should be focusing on questions that allow you to gauge capital needs. Secondly, you need to know the markets your franchise will operate in.

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How to Flip a Small Business

It means that an entrepreneur buys a company, thereby making an initial investment, then does some work to improve the business and then sells it for a profit. In recent years this has been a very popular way for savvy business people to make a substantial return on their investment. However easy as it may sound, when you flip a business, it is vital to get involved with a firm that will require a minimum of time, money and work on your part to make it viable. If you want to flip a business you need to have all the right elements in place so as to guarantee you'll make a profit. Here is what to look for in a business if you want to flip it.

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You Bought a Business... What Next?

Acquiring a business is exciting, but when you buy an existing one it may take some work to alter it so that you can implement your own ideas. Many people buy existing businesses and have great ideas as to how to re-vamp them. However, numerous small business owners will never see their ideas actualized, as they can't put those great ideas into practice.

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4 Low Cost Business Ideas

In today's world it literally pays to be creative and clever about starting your own business. As an entrepreneur there are many ways you can inexpensively start a business and in so doing maximise profit. Here are some business ideas for the cost-conscious entrepreneur.

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Why Founders Should Pay Themselves

If you’re still on the fence about whether or not you should begin to take a salary, keep reading — here’s why founders should pay themselves.

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How to Improve your Strategic Thinking

Being an entrepreneur isn't easy; you need to lead and execute. In order to be a successful entrepreneur you need to keep tabs on where your business is at today whilst developing a vision for the future. In some ways, mentally, you need to be in two places simultaneously. To do this successfully you need to be a pro at strategic thinking. Here are some tips to enable you to improve your strategic thinking.

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Big Time Branding - How Small Businesses Can Brand Themselves Like the Big Guys

It doesn’t matter how good your small business is if people can’t remember it. Your brand identity represents your small business, denoting your offering as well as your vision to potential customers. It comprises a key differentiator in competitive markets. As a small business, you might think that due to the disparity between your marketing budget and a much larger enterprise’s that the cards are stacked against you, but there are many ways that you can successively compete against big businesses by copying their most triumphant branding tactics.

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Building a Multi-language Website

Nowadays, having a multi-language website is key for any startup that wants to promote its products and services beyond local markets. After all, English may be a popular language, but there are well over 6,900 other languages! Chinese is the most widely spoken language of these. Although embedding the Google translate widget in your website is an easy free solution, the tool only provides basic translation and often makes mistakes. This can make your startup look unprofessional. Furthermore, translating articles is only one part of the process. Creating content in several languages adds additional complex layers when it comes to web design. Here is the best way to go about building a multi-language website.

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5 Ways to Avoid Losing your Employees to Competition

Employees are your most crucial asset;if your competition is trying to poach your staff, that means you’re hiring successfully.

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5 Habits that Hurt your Business’s Credit Rating

A business’s credit rating is essential to the credit review process and a good score demonstrates financial responsibility.

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