Month: July 2017

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10 Steps to buying a Franchise Business, Step 6 – Visit the Franchisor

In the Beehive everyone trusts each other, everyone has their role to play and they rely on each other to complete their jobs in the right order and the right time for the higher mission of the colony. The definition of a colony is a group of people of one nationality or ethnic group living in …

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10 Steps to buying a Franchise Business, Step 5 – Due Diligence

Honeybees’ basic strategy is to maximise return over a broad geographic area and extended time horizon. Bees have to assess their environment at all times and be prepared to adapt depending on the weather conditions, the time of the year, the type of flowers and the competition for nectar with birds and other insects. Bees …

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10 Steps to buying a Franchise Business, Step 4 – Request Franchise information

Bees avoid decision-making pitfalls by considering several options, but they make fast and effective decisions in order to react to opportunities. Businesses need to evaluate, respond and act taking in new information put it into good use, and modify or eliminate ineffective ones. OK, so by now you have a pretty good idea of the …

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10 Steps to buying a Franchise Business, Step 3 – Researching

Honeybees’ basic strategy is to maximise return over a broad geographic area and extended time horizon. Bees have to assess their environment at all times and be prepared to adapt depending on the weather conditions, the time of the year, the type of flowers and the competition for nectar with birds and other insects. Bees …

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10 Steps to buying a Franchise Business – Step 2 Evaluate your Finances

Bees are careful to conserve their precious fuel during the hunt for new fields and harvest of resources in order to avoid depleting themselves. They factor in the costs of collection for maximum production at a minimum expenditure of energy. They never compromise the long-term success of the organisation by exhausting their capacity to perform. …

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