The post 3 Tips for Picking a Location for Your Business appeared first on The Atlantic Bridge.
]]>Visibility is the purpose of the location. If you are not seen or noticed, how will you be able to get customers? This is something that you should always consider, especially if you are planning to start a restaurant, such as a subs franchise.
Nevertheless, here are some of the things to keep in mind when picking a location for your business:
Your location should be targeting the right people. While your business may be leasing a visible area with a high traffic, it will never be a hit if the people living there or passing by are not attracted to your products. Put this in perspective; you will not want to place a hole in the wall restaurant in an upscale area where the competition includes high-end restaurants, will you?
Speaking of the competition, it is not always wise to battle your competitors head-on. You are just starting, and you are likely to fail if you do not have a proper plan. But if you are willing to risk a lot, then go for it—just make sure that you have a foolproof strategy.
If you are franchising a business, it would be wise to seek the advice of your franchisor. In many cases, the franchisor has a say on the location of the business. They may even have a connection that will help you in negotiating the rental or leasing price.
These are just some of the things to keep in mind if you are planning to pick a location for your business. Pick the place where your business will shine.
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]]>The post Owning a Condominium in Manila: A Guide for Foreigners appeared first on The Atlantic Bridge.
]]>Whatever your purpose is for coming to the Philippines, one thing is for sure; Sooner or later, you would want a place to call your own, especially if you plan to spend your retirement years in the country.
Unfortunately, the Philippine law makes it a bit complicated for expatriates to own a property. The good news, however, is there’s a way to find condominium units for sale in Metro Manila and other parts of the country.
An expatriate cannot own a property or a business, but he, by way of RA 4726 or The Condominium Law, can have a condominium unit under his name provided the corporation that owns the whole condominium is 60% owned by Filipinos. So, better research about your developer before choosing a property and you will be good to go.
Expats flock in a certain area because it is safe and convenient for them. Doing so would be a practical decision. In addition, you will be living in a place where other expats live.
Find a lawyer who can guide you through the whole process. As a foreigner, there might be slight differences when it comes to legalities and paperwork that you need to adhere to. Having a lawyer to guide you will definitely be a good idea.
With the numerous condominium units popping out all over the metro, choosing one where you can spend the rest of your life will be easy. Start looking for the right property today.
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]]>The post Picking a Venue: 5 Considerations for a Success Business Meeting appeared first on The Atlantic Bridge.
]]>The location of your venue should consider the proximity of the attendees and accessibility through appropriate means of transport. Choose a venue that is centrally located to make it convenient. If the attendees are from within, a venue within your town will do. If you are setting up an international business meeting, consider one close to the airport.
Before settling on a venue, check if it meets your budgetary limit. Ideally, the cost of hiring it should be slightly below what you have apportioned the venue to cater for unexpected expenses. Be sure to check what the venue offers against what you are paying for and decide if it is worth it.
You should never overlook the venue’s security. Consider the in-house security, accessibility by unauthorized persons, and the emergency settings provided. Check out reviews from previous users to see if there have been a security issues.
Before booking it, check if the place is easy to access, bearing the personal profile of the attendants. Consider accessibility by road, air, and universal accessibility for the disabled depending on your guest list.
Check what other services the meeting location has to offer and see if they align with what you need. Some of the services you can check include catering, internet, décor, and audiovisual device systems.
When you consider the above, your final choice will likely be appropriate for your business and the attendees. You can then go ahead and set up other essential aspects of the meeting and be ready for a successful event.
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]]>The post The Right Connections: 3 Ways Networking Helps Entrepreneurs Succeed appeared first on The Atlantic Bridge.
]]>People start their businesses in many different ways. Some already have the million-dollar idea right after college, while some took inspiration from their parents’ businesses. But most of the great entrepreneurs today formed their idea after a chat with someone over coffee. And they were able to grow that idea because that person they’re chatting with connected them to angel investors, franchise owners, or like-minded individuals who became business partners.
Your network of contacts can help materialise your vision. You never know, you might just be one coffee meet-up away from finally making your business a reality.
Reading Warren Buffet’s books and attending business classes are good. But sometimes, the wisest advice on entrepreneurial affairs comes directly from people who experienced them. When you have a diverse group of people in your network, you’re able to see how each of them approaches business dilemmas differently. What’s more, you’re able to learn from their mistakes and avoid costly errors in your business.
This is the reason many entrepreneurs are going into coworking space businesses. It’s not just because it’s the ‘in’ thing among professionals (giving them an easy market), but also because they get to expose themselves to many people, start-ups, and experts who are on different stages of their career. Co-working space lets people network with each other, and lets you network with them easily. If you’re one savvy businessman, you should already be asking by now how to start a coworking space business.
One reality about entrepreneurship that’s rarely discussed is it can get lonely sometimes. Sometimes, business owners lose a sense of purpose. Other times, they regret pouring their time and energy out in building an empire and forgetting their families. In such vulnerable times, you will need people who understand you. And your network may very well provide that emotional support.
Networking is beneficial in the professional world, but more so for entrepreneurs. Keep a close relationship with colleagues to maximise such benefits.
The post The Right Connections: 3 Ways Networking Helps Entrepreneurs Succeed appeared first on The Atlantic Bridge.
]]>The post Sandwich Franchises for Aspiring Foodpreneurs appeared first on The Atlantic Bridge.
]]>Emerging entrepreneurs who are still trying to get a feel for the food industry benefit so much in running a sub store franchise. For one, it has fewer risks, compared to starting your own, given that it already has a proven business model. What’s more is that you’re riding on the good name of the franchise, easily giving you customers who already trust the brand. Fewer risks and brand credibility are two main ingredients in withstanding the competitive nature of the food business, which is especially crucial when you’re just a newbie in the industry.
Networks of contacts are important in business but more so in the food industry. Trends come up so quickly in this business that it’s important to stay updated; otherwise, you lose in the game. The best way to keep up with trends is to stay connected with people who are largely responsible for influencing trends. By getting a sandwich franchise, you’re able to get expert advice from your franchisor and meet other like-minded business people who can also give you sound advice about what’s happening in your industry.
When starting a business, most especially a food business, it’s important to consider its marketability. As mentioned, in sandwich franchises, you get to have an already active market that will buy your products. At the same time, this business is easy to promote. Australia loves sandwiches. These bite-sized meals are a timeless favourite for breakfast, lunch, or dinner (or midnight snacks). Hence, promoting such won’t be too taxing. Plus, you can be creative doing it.
Therefore, for all aspiring foodpreneurs, consider starting a sandwich franchise. This might just be the key ingredient to your success.
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]]>The post 4 Options to Finance Your Franchise appeared first on The Atlantic Bridge.
]]>In exchange, you will pay the fee for the franchise and provide the property or space where you will put up your first business. For now, you can focus on the franchise payment.
Where will you obtain the capital for the payment? Your own savings can be a source, yet most people lack the savings even for their personal lives. Instead, when you have family, relatives, or friends that are willing to invest in you, you can ask capital from them.
In turn, you can promise to return the borrowed money plus some, once you get your business off the ground.
Alternately, you can also approach the franchiser for financing. Franchiser companies usually offer financing programs for better accessibility. In this way, you can obtain the franchise right away while you pay for it in installments.
Remember that you will be paying royalty and advertising fees as well, both of which will add to your monthly or annual payments.
Your third option lies in the common commercial loan. You can shop in banks and credit unions for loans to finance your business venture, and you will likely have a smooth experience. Lenders look at franchises with favor when the brand has proven successful.
You will still be beholden to the standards and policies of the lender you choose, however.
Finally, you can also consider a Small Business Administration loan. Many franchisees take this option since the SBA provides incentives to lenders to lend money, thus, making the borrowing process even easier. Franchisees usually pick the 7(a) loan.
You can take your pick of options above in order to obtain the capital you need for your franchise business. Once you get your capital, you can take the next step towards your business dreams.
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]]>The post The Benefits of Buying a Company via a Business Broker appeared first on The Atlantic Bridge.
]]>One of the services that brokers can provide is finding the best business to fit your interests and capacities. For example, Transworld business brokers can screen the choices on your shortlist so that you don’t have to do the tedious research work yourself. Factors like growth potential and financial history can affect your selected business in the end, so they also consider those details.
Negotiations between seller and buyer can be lengthy and troublesome without a knowledgeable mediator. Each one might request different terms to gain a more favourable result. Thus, it’s the broker’s job to mediate and aim for a mutual win-win situation. Professional brokers can also predict how specific procedures will run. Hence, if an issue comes up, they will have a ready solution for it.
Business deals like these have many legal requirements, and reputable business brokers can efficiently complete them for you. They can also explain your documents in non-technical language while finishing all the terms and conditions involved to end your contract. They can finalise other post-legal requirements, so all you have to do is read and review.
Overall, you should aim for a smooth and speedy transaction. While it may cost you much, hiring a business broker has many advantages. Due to the effective assistance, you can start your business a lot sooner than if you were alone in completing the deal.
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]]>The post Reasons Multi-Location Franchises Are Better than One appeared first on The Atlantic Bridge.
]]>Having multiple store locations means having multiple sources of income. If business is slow in one area, it can be compensated with brisk business from your other locations.
For instance, entrepreneurs who manage multi-unit franchises of Hot Dog on a Stick or ice cream cones can turn to other locations to save those that aren’t as successful. You’ll always have locations to pick up the slack and remedy the situation. It will also give you time to develop a strategy for the slow unit.
When you purchase goods in bulk and store them in a single central hub, it’s easier to manage stocks and delivery schedules. Ordering in bulk also costs lower than small orders. Delivering these goods to a central location, meanwhile, often doesn’t cost you extra. So, you can develop economical methods to reduce costs further and maximize delivery schedules.
Human resources, in particular. If you’re short-staffed in one location, you can assign a team member from another location to fill the vacancy. It’s the most convenient and cost-effective continuity program out there. Apart from staff, stocks can also be shared across all units, avoiding shortage problems.
Some parent companies grant full territory franchises for those who can commit to putting up stores within a certain period. Many franchisees find this agreement very attractive as it guarantees an entire business territory directly under their management without any competitors.
The first store always offers a wealth of knowledge and an enriching experience that you can use and put into work when you build the next one. And as you establish each venture, you gain a mastery of the process and develop your own methods to streamline and maximize your business.
These are just five of the advantages of owning a multi-unit franchise. If you’re looking for a business model that offers stability, a healthy stream of income, and growth, multi-unit franchising is the best route for you.
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]]>The post A Primer on Commercial Lawn Care for American Business Owners appeared first on The Atlantic Bridge.
]]>Because it is important to maintain your business’ image, consider the help of experts from a reputable lawn service franchise.
The area around your business is a reflection of your company. A turf that is yellowing and dried up or a lawn that’s overgrown with weeds won’t attract customers.
Commercial properties require the attention of no less than the best in the business. Services for commercial areas are available within your neighborhood, if not from nearby cities. Identifying and choosing a prospective partner should be part of your business plan.
Choosing a local company is the way to go. Local organizations are accessible, so much so that you can deal with the owners themselves.
Think about your vision for your company. If your dreams are big, simply cutting the grass once in a while may not be enough. Placing pots of various flowery plants along the walkway might not do the job. You have to step up your game.
A business with an impressive curb appeal attracts more customers. By choosing a professional lawn care partner, you are embracing opportunities.
Take advantage of services other than basic yard maintenance. Local lawn experts usually offer pest control and fertilization, irrigation services, snow and ice management, and outdoor lighting. Experts recommend entering into an annual agreement with the experts about regular lawn care and landscaping support to maximize available services.
Your yard might require season-specific treatments. Only experts in yard care and landscaping allow you to maintain neat and impressive grounds — a yard that reflects the ambition and purpose of your company.
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]]>The post Impacts of Different Types of Business Buyers on Your Company’s Value appeared first on The Atlantic Bridge.
]]>Among the most common mistakes is refusing to hire services of business brokers in Denver, Colorado. Different types of interested buyers will affect your business value differently, and without a business broker, it is easy to be misled.
Here are some tidbits on how common buyers impact the worth of a company:
Professional investors include private equity groups and venture capitalists who buy into several industries. They have a ready-made method of valuing your company and often assume you will continue running the company for them after selling. They are ideal buyers if you still want to run your company even if you already lose full ownership.
These investors buy into specific industries. They are typically large companies who are prepared to pay top dollar for companies offering reduced overheads, faster growth, and economies of scale. In most cases, however, they offer an average buying price since they are bigger than your company.
These buyers buy into companies that have assets they need, which, in most cases is proprietary content or patented technologies. Typically, the selling company’s profits and losses have little effect on a strategic buyer’s valuation. He or she is primarily interested in what the asset can do for his or her company.
The above business buyers all look for companies that meet their specific criteria. If you meet the requirements, they will be more willing to buy than you are to sell. Your business broker has the right strategies to help you sell to your advantage.
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