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September, 2011
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| Knowing when You Need to Change Strategy as a Business Owner
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Strategy has become increasingly important to your franchise success. Good strategy is the result of knowing the assumptions of your franchisor’s established brand model, sound investigation, thinking that is open as well as curious and broad in scope. Most of all, it’s about knowing the right questions to ask.
Though strategy can change frequently; today, it is better to be useful that correct. Always examine the strategy at hand and see if it’s working to help generate cu
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| Raising Capital
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When purchasing a business, raising capital is one of the most important initial requirements. The key ingredient when raising capital is to prepare a carefully thought-out business plan. The business plan will not only serve to determine initial capital requirements, it will also assist creditors in determining the maximum amount and the terms of financing that will be made available. Once capital requirements have been determined, it is time to act.Since institutions will typically only provid
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