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Suggest You - Debate for Business Plan Data and Early Franchise Disclosure
New technologies, global competition, changing values and lifestyles all mean change has become an accepted way of organizational life. Change is a given and you need to handle it well!Your role in dealing with change in the workplace is to come out the other side of the change with a positive outcome - regardless of whether you’re heading up the change drive or having to cope with navigating the waters of an unwanted change.Shock, Confusion, Denial, Anxiety and Fear, Hostility, Resistance, Sadness and Stress are common reactions to change. Let's look at how you and your leader can best handle each of them:Shock: Are you content with the status quo? If you are, then when change is sprung upon you it may take some time for the idea to set in that you need to change. You may go into a form of shock and experience distress, disgust, surprise, grief. You may feel paralyzed - like a rabbit in front of headlights. You need time to work through your sense of loss and unease. You may find your performance decreases and you only do the basic work.Ask your Leader to: Give you emotional first aid - listen and understand your sense of loss. Keep feeding you information and reinforcing why the need for change is important. Allow time for you to come to grips with the situation. When you are ready, encourage you to ask questions.Confusion: Once you've spent time thinking about the change you are likely to be confused and have many questions. Your mind may jump in a random and chaotic way from one 'what if' question to another. There's probably plenty of rumours and speculation hitting you right now and you're not quite sure where the truth lays.Ask your Leader to: Provide you with as much information as possible. Help you to see the bigger picture, yet at the same time keep you focused on short-term goals. Reassure you by taking the time to address issues and concerns of both you the individual and the larger group. Work with you to develop a strategy for next steps. Stay close to the ground so that s/he can quickly address any rumours that fly around
As you may have heard, NASA and Google have just announced a partnership of sorts. While it seems like an information sharing agreement, a close reading reveals some rather startling things.Google to Dominate Entire Physical Universe?At its core, Google is a search engine. While this is obvious, people sometimes forget it given all the interesting gadgets Google Labs kicks out. Regardless of how you define it, Google typically has at least been restricted to being classified as no broader than an information technology company. It would appear Google has much bigger plans.With more than a bit of hype, Google and NASA have announced they are teaming up. In reviewing the deal, most people are focusing on the data benefits Google will receive. Specifically, NASA appears to be giving Google access to its satellite imagery and even planetary exploration data. Pundits predict we will soon be able to roam Mars digitally on a Google platform, much as we can look at satellite images of our neighborhood now.While all of this is great, it appears to be a red herring. The real meat of the agreement is found in a few lines that can only be described as utterly intriguing. NASA and Google have agreed to work on very advanced stuff – nanotechnology and information technology research. In short, we are talking about a wide range of products straight out of your favorite science fiction movie. Read broadly, this could include robots with artificial intelligence.Now, you are probably wondering how serious Google could be about developing some very serious technological advances with NASA. In truth, nobody knows but a select few people at the company and agency. There is, however, once very tidbit of information being reported that will make you raise your eyebrows. NASA has granted Google the right to develop 1 MILLION square feet at one of its research centers. I don’t know about you, but that sounds like more than a whim.So, what can we expect from this agreement? Will it result in simple virtual simulations of planets or something much, much more? There is no way to tell, but I will certainly be watching Google Labs a lot closer!
We have had potential buyers fill out the questionnaire and leave information out, because they did not feel comfortable with problems associated with identity theft and still want the documents. So that consumer puts us at a standstill. They want to put a business plan together to estimate the worthiness of the business, but need to know all the costs associated with it before they give us their information. Yet that information is readily available on most franchising web sites already. Of course we need to determine if they can even afford it (if they cannot we cannot spend the time on the sales process) or determine if they are one of the huge percentage of all inquiries that are competitors before we give away information contained in the UFOC. To top it off, we cannot assist them with earnings because we do not give earnings claims because we do not collect the data. This is because under the current rules we cannot substantiate or choose not to go to the expense to audit that data even though we know the answers after being in the industry for 27 years. They can call franchisees once they get the documents if they wish. But we cannot give them the disclosure documents pre-maturely. Now the FTC wants us to offer a UFOC because a potential buyer wants it or has asked for it and we have discussed our opportunity with them. The potential franchise applicant wants to make a business plan of our business model, that we do not wish to offer to them or even sell them at such early stages in the sales process?
A potential buyer wants to put together a business plan to get funding to buy a business for which he/she does not have the cash to buy. In order to get a loan, they will need a business plan. But any business plan they put together will be in contradiction to the absolute franchise business model that the franchisor will reveal after the actual purchase, we cannot reveal it sooner otherwise it will be copied and used against our team. I have heard FTC people say that they believe the potential buyer has a right to the information necessary to put together some close representation of a business plan of the franchise they wish to buy to determine if they should buy the business. Whereas this seems like
...While "attitude" was enough to build the smaller Pyramids (like that of King Sneferu), the largest, grandest, and the only of the Seven Wonders of the Ancient world still standing, with a height of 450 feet and 756 feet square: The Great Pyramid of Khufu, needed more than just a great attitude.True greatness lies in self-actualization through workWhen work becomes choice, it no longer manifests itself as work. It is the convergence of personal desire and the actions we gladly take.As it turned out from the discovery of a Workers Cemetery, building Pyramids was a dangerous business. Even with a great attitude, that's a real bummer. So why would anyone choose to put in their whole hearted effort and risk their lives in the process. Was it Bak, or feeling special, or was it more?Harvard's George Reisner found workers graffiti created by "Building Teams" that called themselves names like "Friends of Khufu" and "Drunkards of Menkaure".These findings and ancient Scrolls suggest that these teams were made up of many classes of people on a rotating basis. This means that the managers, architects, and even the priests would take part in building.Did Pharaoh himself go down and carve bricks? Only Ra would know.But in today's context when nurturing the psychology of a superior workforce, a Hands-on CEO often commands greater respect.Why?Because he/she leads for others and not for a personal ego trip.The term "Hands on" should be qualified here: a CEO that gets into other peoples job because of frustration or tries to do everything themselves is counterproductive. The hands on type I'm talking about is an individual who takes the time to have assist his personnel by supportively guiding them. And, who lets his subordinates teach him what and how they are doing in order to have a greater understanding of even the least significant function. This would be a Leader who may see a mop and proceed to clean the floor while the janitor's on his break, then ask the janitor if he did it right when he comes back. Or, who may go to the source when a manager is having difficulty with equipment and assist him in solving the problem as the ma
We have had potential buyers fill out the questionnaire and leave information out, because they did not feel comfortable with problems associated with identity theft and still want the documents. So that consumer puts us at a standstill. They want to put a business plan together to estimate the worthiness of the business, but need to know all the costs associated with it before they give us their information. Yet that information is readily available on most franchising web sites already. Of course we need to determine if they can even afford it (if they cannot we cannot spend the time on the sales process) or determine if they are one of the huge percentage of all inquiries that are competitors before we give away information contained in the UFOC. To top it off, we cannot assist them with earnings because we do not give earnings claims because we do not collect the data. This is because under the current rules we cannot substantiate or choose not to go to the expense to audit that data even though we know the answers after being in the industry for 27 years. They can call franchisees once they get the documents if they wish. But we cannot give them the disclosure documents pre-maturely. Now the FTC wants us to offer a UFOC because a potential buyer wants it or has asked for it and we have discussed our opportunity with them. The potential franchise applicant wants to make a business plan of our business model, that we do not wish to offer to them or even sell them at such early stages in the sales process?
A potential buyer wants to put together a business plan to get funding to buy a business for which he/she does not have the cash to buy. In order to get a loan, they will need a business plan. But any business plan they put together will be in contradiction to the absolute franchise business model that the franchisor will reveal after the actual purchase, we cannot reveal it sooner otherwise it will be copied and used against our team. I have heard FTC people say that they believe the potential buyer has a right to the information necessary to put together some close representation of a business plan of the franchise they wish to buy to determine if they should buy the business. Whereas this seems like
You have the opportunity to join a non-profit organization as their bookkeeper and while you may have a great deal of experience working within the business for profit world there are some differences between the two types of organizations that are important to consider. Usually a nonprofit organization will be providing an important service to one or more parts of a community and the people of the community will pay dues and become members of the non-profit organization. Or the organization may have donors who donate services, money, merchandise or grants. In a non-profit organization, therefore, your customers or clients are members, donors or grant providers. And your Chart of Accounts would include the accounts Member Dues Receivables, Donor Receivables and Grant Receivables in the Current Asset section of your Balance Sheet. When a pledge for a donation is received you would treat this pledge as a donor receivable and when a grant is awarded it would also be posted as a grant receivable. Member Receivables would be posted when an invoice is produced billing the member. One important difference in nonprofit bookkeeping is that FASB (The Financial Accounting Standards Board) requires nonprofits to break out revenues and expenses for certain activities. Often donations and/or grants have restrictions on how the receipts can be used. Revenues that have been received or promised and have constraints of use or time are restricted assets and are posted to balance sheet accounts until such time the constraints are met. For example a fund raising event may be instituted to raise money to build a new wing for a hospital. These funds when received would be restricted by use. They could not be used or co-mingled with other hospital revenues.Some of the reports you may be required to produce are: Statement of Financial Position - balances of your assets and liabilities as of a specific date. Statement of Financial Income and Expense - reports how much money brought in versus money spent within a specific period. Statement of Functional Expense (990) - Detailed listing of expenses within a specific period. Budget vs Actual by Program/Project - Comparison of funds spent to b
A potential buyer wants to put together a business plan to get funding to buy a business for which he/she does not have the cash to buy. In order to get a loan, they will need a business plan. But any business plan they put together will be in contradiction to the absolute franchise business model that the franchisor will reveal after the actual purchase, we cannot reveal it sooner otherwise it will be copied and used against our team. I have heard FTC people say that they believe the potential buyer has a right to the information necessary to put together some close representation of a business plan of the franchise they wish to buy to determine if they should buy the business. Whereas this seems like
Setting up an office requires a lot of commitment, energy and most of all, considerable cash. Even though you may wish to buy the best office equipment available, it may not be always possible. You may have to settle for used office equipment to fulfill your immediate requirements. Also, the amount of money that you save in buying used office equipment will be quite considerable. This money can be used to fulfill the more urgent requirements of your business and its needs.Used office equipment can be well purchased at second hand shops. These shops are able to procure these goods at very reasonable prices from the actual sellers. They then sell the products to buyers for a profit. Hence, if you buy the equipment directly from the seller, you may be able to save the money that the second hand shop is earning as profit. The only drawback buying from a direct buyer is that you will not have the option of replacing or returning the equipment in case of a defect or a breakdown, which may be a possibility. You may also be able to pick up used office equipment through actual and online auctions. Though bidding at auctions is not a foolproof method, it is worth a try. In case you are one who takes a cautious approach, buying from second hand shops remains the best option.There are several advantages and pitfalls of buying used office equipment. The advantages are that one saves money and second hand products are readily available from a number of sources. Also, when a used product needs repairs, it hurts much less than the collapse of new equipment. The disadvantages of buying a used product are also worth considering. You may not be able to judge the efficiency of the product at the time of purchase. You may also end up spending more money later if it does break down. Hence any decision regarding the purchase of office equipment must be made after weighing the advantages and disadvantages of buying used office equipment.
A potential buyer wants to put together a business plan to get funding to buy a business for which he/she does not have the cash to buy. In order to get a loan, they will need a business plan. But any business plan they put together will be in contradiction to the absolute franchise business model that the franchisor will reveal after the actual purchase, we cannot reveal it sooner otherwise it will be copied and used against our team. I have heard FTC people say that they believe the potential buyer has a right to the information necessary to put together some close representation of a business plan of the franchise they wish to buy to determine if they should buy the business. Whereas this seems like
Deciding to incorporate your new business venture is a decision that offers several benefits. It is necessary to decide what kind of a legal structure you are opting for and take further action. It is advisable to hire an attorney to guide you through the process of incorporation or opt for a firm that will take care of incorporation details as well as forming bylaws and procuring the EIN, such as legalzoom.com or mycorporation.com for a reasonable fee.Incorporation in California: Once you have decided on the kind of entity, you are going to form the nature of the business, have a good business plan as well as have adequate resources to fund the operation. It is essential to determine an appropriate name for your corporation. The name has to be unique and not a copy of any other registered business and must not be misleading, it can be reserved by paying a nominal fee and on being registered, can be trademark protected. It is not necessary for corporations to have any specific endings in California, except if it is a statutory close corporation. Make sure the name selected is in compliance with applicable state laws.The articles of incorporation have to be filed with the Secretary Of State of California. There has to be at least a minimum of one incorporator. It is not necessary to list the names of the incorporators with the articles, but it must contain a statement of purpose, the par value of the shares, the classes of share and the number of shares in each class. Also, the name and address of the corporation's initial agent for service of process in California has to be included. The registered agent must either be a natural person residing in the state or a corporation that has been approved to serve as a registered agent in the state. The state charges a fee of $ 115 and if expedited, the processing time is 15 days usually.The bylaws have to be formed carefully, and they have to be maintained in the principal executive office of the business and have to be available to be viewed by shareholders if desired during working hours. The must be a minimum of 3 directors, and the bylaws may provide the qualification necessary for becoming a director. The bylaws also p
It also appears from observation that no one really seems to understand the franchising model outside the actual industry practioners, attorneys in franchising and those who own franchises. The FTC certainly does not see the whole picture. I would invite Steve Toporoff and/or the entire FTC Franchise Group to go on a paid sabbatical and work in a franchisor’s sales department sometime and listen to real franchise buyers ask questions, competitors trying to get information and the obnoxious looky lou’s. The FTC should also send four or five of its highest-ranking franchise sector employees to do the same. I think if that were done you would begin to understand the ridiculous nature of enacting such a revised disclosure rule and you might ask yourself why we have a franchise rule in the first place.
But the FTC is not the only organization that does not understand franchising. I spoke at the SBDC’s Annual Conference in San Diego, CA a few years back. In the workshop on franchising I had about 50 directors from around the country from the SBDC bombard me with questions after giving my talk. I was dumbfounded by the lack of understanding and knowledge on franchising. Almost to the point of frustration and wanting to walk out, I was shocked thes
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