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If you are thinking about starting a new franchise, you probably wonder how much money you need to start a franchise? Franchises can be a very profitable business, but they are also quite complex than many people realize. Not only do you have to find a profitable niche in an already existing market, but you also must find the right franchise to operate in that niche.
If you are thinking about starting a new franchise, you probably wonder how much money you need to start a franchise? Franchises can be a very profitable business, but they are also quite complex than many people realize. Not only do you have to find a profitable niche in an already existing market, but you also must find the right franchise to operate in that niche. If you aren't knowledgeable of how franchises work, this article will hopefully equip you with the information you need to determine the amount of money you need to invest in starting your own franchise.
Many factors go into determining how much money you need to start a franchise. Some of these factors include your skill level, local demand and competition, and your ability to manage financial operations. Other things to consider when figuring out how much money you need to start a franchise is the length of time you want to operate your franchise and how much training and assistance you will need to run your franchise successfully. These are all important considerations to make when deciding on starting franchise opportunities.
There are a variety of different types of franchises, ranging from fast-food chains to upscale clothing boutiques. Most franchisees are successful and can generate an annual income. The profitability of a particular franchise largely depends on the amount of money that has been invested in franchise resources, equipment, and advertising. In most cases, franchises that provide products or services in high demand and that sell quickly and at a profit are most successful.
While there are various franchise opportunities available, it is not uncommon for some businesses to start up with only a small amount of start-up capital. A good way to determine how much money you will need to invest in your new franchise is to look at the expenses of doing business as of the moment - how much rent, insurance, utilities, payroll, and advertising you will need. You may also want to figure out a budget for employee payroll so that you can calculate your employee compensation accurately. One of the largest expenses of a new franchise is human resources, which includes training and employee payroll. If you have limited knowledge about this area of operation, you may want to consult an expert to help you assess your franchise opportunities.
Take care to know what costs are required.
Many of the franchise opportunities that are available today require minimal start-up capital if any at all. In many cases, you can quickly start a franchise by contacting a company in the business of franchises. By licensing their brand name, you can take advantage of the large base of potential customers available to you. In return for the license, the company will invest the necessary start-up capital to get your foot into the door, whether through a storefront or online.
Consider the risks with such an assessment.
You should carefully consider the risks associated with such an investment. For example, some franchise opportunities require the franchisee to invest thousands of dollars as start-up capital. While the franchisee can make a substantial income, there is also the risk that they will not recoup their investment after the first few years, which could result in a loss for the franchise. Additionally, it would help if you considered the risks of investing in franchise opportunities that offer returns, such as fixed earnings.
Perform a Comprehensive Risk Assessment
Before you decide to invest in a franchise, you should perform a comprehensive franchise risk assessment to ensure that there are no risks involved with the franchise. It would help if you looked at the company's growth rate and how well the franchise can get customers and maintain those customers over time. You should also consider the market in which the franchisee plans to operate, including the location, competition, and demand for the product or service that the franchise is offering. Lastly, you should ask yourself how much you can afford to lose.
While You Are Ringing In The Summer, Don't Forget To Remember The Importance Of What We Have Off For.
Home of the free because of the brave.
"The American flag does not fly because the wind moves it. It flies from the last breath of each solider who died protecting it."
On this present day in America, we currently have over 1.4 million brave men and women actively listed in the armed forces to protect and serve our country.
Currently there is an increased rate of 2.4 million retiree's from the US military
Approximately, there has been over 3.4 million deaths of soldiers fighting in wars.
Every single year, everyone look's forward to Memorial Day Weekend, a weekend where beaches become overcrowded, people fire up them grills for a fun sunny BBQ, simply an increase of summer activities, as a "pre-game" before summer begins.
Many American's have forgot the true definition of why we have the privilege to celebrate Memorial Day.
In simple terms, Memorial Day is a day to pause, remember, reflect and honor the fallen who died protecting and serving for everything we are free to do today.
Thank you for stepping forward, when most would have stepped backwards.
Thank you for the times you missed with your families, in order to protect mine.
Thank you for involving yourself, knowing that you had to rely on faith and the prayers of others for your own protection.
Thank you for being so selfless, and putting your life on the line to protect others, even though you didn't know them at all.
Thank you for toughing it out, and being a volunteer to represent us.
Thank you for your dedication and diligence.
Without you, we wouldn't have the freedom we are granted now.
I pray you never get handed that folded flag. The flag is folded to represent the original thirteen colonies of the United States. Each fold carries its own meaning. According to the description, some folds symbolize freedom, life, or pay tribute to mothers, fathers, and children of those who serve in the Armed Forces.
As long as you live, continuously pray for those families who get handed that flag as someone just lost a mother, husband, daughter, son, father, wife, or a friend. Every person means something to someone.
Most Americans have never fought in a war. They've never laced up their boots and went into combat. They didn't have to worry about surviving until the next day as gunfire went off around them. Most Americans don't know what that experience is like.
However, some Americans do as they fight for our country every day. We need to thank and remember these Americans because they fight for our country while the rest of us stay safe back home and away from the war zone.
Never take for granted that you are here because someone fought for you to be here and never forget the people who died because they gave that right to you.
So, as you are out celebrating this weekend, drink to those who aren't with us today and don't forget the true definition of why we celebrate Memorial Day every year.
"…And if words cannot repay the debt we owe these men, surely with our actions we must strive to keep faith with them and with the vision that led them to battle and to final sacrifice."
Separation anxiety in pets is a real thing and recognizing the warning signs is important.
Since March, Covid-19 required most of the world to quarantine in their homes. Majority of people ended up working from home for nearly five months. This meant pet owners were constantly with their pets giving them attention, playing with them, letting them out etc. Therefore, when the world slowly started to open up again and pet owners began returning to normal life work schedules away from the home, pet owners noticed a difference in the way their pet acted. Many pets develop separation anxiety especially during this crazy time when majority people were stuck inside barely leaving the house.
Separation Anxiety in Pets Can Lead to:
Urinating and Defecating
Howling and Barking
Chewing, Digging and Destruction
What Causes Separation Anxiety:
A number of things can cause separation anxiety in pets. A clear reason right now is due to covid-19 requiring individuals to stay home for extended periods of time. Then these individuals were able to return to their daily lives leaving pets along for extended periods of time. Another reason is some adoptable dogs may have separation anxiety when first adopted because they fear their guardian may leave. Another cause is if a pet experiences a sudden change in its normal routine for example covid-19 it can in return cause separation anxiety in them. Be aware that also moving can cause separation anxiety so if your dog and you move around a lot it can trigger separation anxiety in your pet.
How to Maintain Separation Anxiety:
If your pet has a mild case of separation anxiety try turning when you leave into something exciting for your pet. This can mean offering them treats before you leave so they start to associate you leaving with getting a treat. It can also be helpful to leave them puzzle like toys like the brand KONG offers toys that you can put treats into or put food like peanut butter, or cheese in. This toy will distract your pet for a while, and they get a reward when they play with the toy. These toys try to offer only to your pet when you leave the house. This will train your pet to start to enjoy the time when you leave because they know they will be given a reward.
If you pet has a moderate case of separation anxiety it can take more time to get them accustomed to you leaving. This means taking the process of leaving them way slower. Start only leaving your pet for short periods at a time and continue to reward them. As they begin to get used to it increase the period of which you are gone. Over time your pet will start to recognize that it is oaky you are gone because they receive rewards. For dogs who have severe anxiety especially when they notice you put on shoes or grab your keys. For these pets try to associate these items with you not always leaving. Try to use these items but not leave to show your pet they are not to be feared of these items. If you have a pet who typically follows you around try to do things like telling your dog to sit and stay outside a bathroom door while you enter that room. Gradually increase the time you leave your pet on the other side of the door. This trains a pet that they can be by themselves and will be okay. This process will take a while so remain calm and patient with your pet. This process should start out in a room but should overtime get up to you being able to leave your house and go outside without your pet following. Continue to watch for signs of stress in your pet like pacing, trembling, panting etc. If any of these signs and others appear take a step back and move slower. During this overall process it is important you take it slowly so try to not really leave your pet at all which can be very difficult. Try to arrange if you do need to leave that someone like a friend can stop by and be with your pet or try using a doggy daycare service just so your pet is not totally alone.
Some Other Tips:
When greeting your pet after being gone say hello in a calm manner and then ignore them until they begin to remain calm. Same thing with saying goodbye remain calm and do not give into them being wild and crazy. To calm them try having them perform a task they know like sit or down. Another tip is to possible crate train your pet. If your pet associates their crate with being a safe place this can ease their anxiety when you do go to leave. It can also be helpful if you do not crate your pet to provide a safe room that your pet typically fees the most comfortable in. Another tip is to provide plenty of mental stimulation for your pet like treats and toys. Also try giving your dog some sort of exercise before you leave every day. Leaving hidden treats and food for your pet to find throughout the day will also keep them busy and entertained. If none of the above tips help, try seeking help from a professional in pet behaviors. They will be able to determine a regimen to help you and your pet get better. Medication may also be necessary for severe cases so to speak to a veterinarian about the different options for your pet.
Separation anxiety can be common in pets especially after the year everyone has had. Look for signs of separation anxiety in your pets and notice the different ways you can assist your pet in getting better. Also remember to never punish your pet for any anxious behaviors. Do your best to not discipline and instead use these tips to avoid future behaviors. Separation anxiety can be maintained with patience.
Summer is coming!
I live by New York City and I am so excited for all of the summer adventures.
An Open Bus Tour
These tours are so much fun on a nice, warm summer night!
Find A Restaurant With A Skyline View
Kelly Sikkema on Unsplash
Perfect opportunity to mingle with friends!
Picnic In Bryant Park
Krisztina Papp on Unsplash
This park is beautiful in the summer time.
Walk The High Line
Simon Bak on Unsplash
The High Line is always bustling.
See A Show and Walk Times Square
Sudan Ouyang on Unsplash
Times Square is always full of energy.
Summer in the city is almost just as amazing as the holidays in the city.
1. Brittany Morgan, National Writer's Society
2. Radhi, SUNY Stony Brook
3. Kristen Haddox, Penn State University
4. Jennifer Kustanovich, SUNY Stony Brook
5. Clare Regelbrugge, University of Illinois Urbana-Champaign