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Many people struggle with the high cost of calling internationally. Now, you can offer alternatives to landline and cell phone bills by starting your own calling card or VoIP phone company. Call IPsmarx today for a free consultation on how you can set up your own business.
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By Sherice Bellamy
Lower interest rates and the decrease in the value of the U.S. dollar have led to an increase in export sales abroad. While some struggle with the effects of an apparent recession, others are taking advantage of the opportunity to increase business by focusing on world markets. Which side of the coin are you? Read moreThe decision to start a business poses several questions.Do you start a new business?Do you buy an existing business?Or do you invest in a franchise?While each option has its advantages and disadvantages, many are choosing to invest in a franchise, which allows individuals to establish a business based upon a proven system of success, drawing upon the franchiser’s experience and continuous support.
A franchise is a system of distribution in which a franchisee pays fees and royalties to the franchisor in return for the right to use its trademark, sell its products or services, and to use its business format and system.
There are three basic types of franchises:
Trade-name franchising gives the franchisee the right to use the franchiser’s trade name without the restriction of distributing particular products exclusively under the franchiser’s name;
Product distribution franchising involves a franchisor licensing a franchisee to sell specific products under the franchiser’s brand name and trademark through a selective, limited distribution network; and
Pure franchising (the most common form of franchising) provides the franchisee with a complete business format, including license for a trade name, the products and/or services to be sold, the physical plant, the methods of operation, a marketing strategy plan, a quality control process, two-way communication system, and the necessary business services.The franchisee purchases the right to use all of the elements of a fully integrated business operation.