5 Things to Look for in a Franchisor

Picking a franchise to invest in is a big decision, and one that often requires a lot of soul searching. Beyond the financial investment that these businesses require, there are many personal sacrifices and a certain level of risk that is involved in becoming your own boss.
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Leadership: Reading the Signs

Throughout history, in business and elsewhere, great leaders have arisen out of unfavorable circumstances. In major league baseball, Bud Selig pioneered efforts to put an end to the use of performance enhancing drugs that had infected the sport for so many years. As a leader, your first and foremost objective should be to do the right thing.

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What are retirement plans for small business owners?

In terms of qualified retirement plans that incorporate an IRA, a SEP-IRA or SEP plan offers the greatest tax benefits to small business owners, but small business owners and their employees have a variety of retirement plan options. For example, there are several different types of IRAs: Traditional IRA, Roth IRA, Education IRA (EDIRA), now called Education Savings Accounts, SEP-IRA, SARSEP-IRA, and SIMPLE-IRA.

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Why You Should Set Benchmarks

One of the things that each and every business needs is a systematic way of evaluating their performance. Without quantifiable benchmarks, a firm has no idea if they are swimming ahead of the pack or just treading water.
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Challenges Facing Women Entrepreneurs

Last month, the Gender GEDI Index—the branch of Dell’s Global Entrepreneurship and Development Index focused on opportunities for women—ranked the U.S. first out of 17 countries as a haven for female entrepreneurship. However, as even the U.S. scored only a 76 on a 100-point scale, it’s clear that there are still challenges facing women entrepreneurs in this country.
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Setting up a Foundation?

Scholarship programs. There are different approaches to establishing scholarship programs which range from an annual scholarship awarded by a business to a nonprofit foundation that may fund many scholarships. We do not know how much money your business plans to spend on scholarship awards or if you plan to operate a nonprofit organization to raise money for scholarships, but establishing a scholarship program with preferential tax treatment for donations involves the creation of a nonprofit charitable entity.

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How Are You Evaluating Your Clients?

While I’d like to think we make good decisions based entirely on gut instinct, there are often hidden red flags. One tool we have implemented with success in our company is a client scorecard that rates our clients and their fit for us, past and prospective.
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