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How to Start a Franchise

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How to Start a Franchise

Opening a franchise is akin to starting your own company. There are pros and cons when starting a franchise. There are the standards put in place for running a franchise and, of course, brand awareness and a customer base already built in. Then, there are costs and other stuff you need to get before opening. Let’s take a deep dive into what a franchise business entails.

A Franchise Explained

A franchise is an enterprise where the proprietor allocates licenses to the people running the franchise (selling services and products) at another location. The franchise site has its management that gives money (a fee) to the owner to essentially use the brand or company name.

When opening a franchise, much of the work has already been done for you, but it still isn’t easy. Yes, you will have the already existing brand recognition, rules, plans, and processes, but there is still a lot of work that must go into it to make it successful. Something to consider is your budget and having to add the cost of the fees you need to pay to the owner. You are also bound to the company standards and won’t be able to shift them too much. Some creative entrepreneurs will have a hard time dealing with this level of control.

Classic Kinds of Franchises

Franchises are a commonplace thing worldwide. If you can think of a niche that appeals to you, there is most likely a successful franchise for it already on the market. The following categories are popular types of franchises.

  • Food and Beverages (McDonald’s, Burger King, KFC)
  • Business Services (UPS, Real Property Management)
  • Fitness and Health (The Vitamin Shoppe, Planet Fitness)
  • Retail (Walmart, Pet Supplies Plus, Edible Arrangements)

Research and Plan

This is the first and very important step in entering the franchise world. You can search online about franchises and figure out what industry you want to tackle and how much it will average in running that one. Create a budget and factor in industry, royalty, marketing, and other fees as well as the needed liquid capital and what the typical monthly and yearly revenue will look like.

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Location and Costs

You have decided on a franchise, but you will have to make sure that there isn’t one already in the area. Some franchises can co-exist in the same city (like a coffee shop), but you want to make sure you aren’t setting yourself up for an extremely competitive location where you can fail.

Factoring in the price of things will be vital for you. There are the usual costs associated with running a business, like maintenance and your rent, but when you are dealing with franchises other costs come into play (like the annual fee you pay to the owner). Other money needs to be allotted to local taxes, travel, and training with the brand or company before opening your franchise.

Business Plan and Entity

Certain things are already set into place when starting a franchise, but you will oversee the most crucial parts of the business. This is where a business plan comes in handy. Don’t forget to include a part where you discuss how you comprehend the community and area your franchise will be located and how you will best serve them.

Once the business plan is complete, forming a corporation or LLC is next on the agenda. It will vary from owner to owner, but they have distinct business entities established by the brand’s structure. This is something you will have to discover based on the franchise. You can also begin sorting your specific business costs and expenses.

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The Contract

You will need to sign on the dotted line. The owner will have a license agreement for any of their franchisees to operate the business. Like with anything you need to sign, read it thoroughly, and fully understand all the expectations mapped out for you and the franchise. Knowing the standards and practices of the business and being completely okay with them to maintain the brand, is also an essential factor.

Franchise Headquarters

Once all the procedures are intact, you will need to find a physical spot for your franchise. There are general advice and directions you will get regarding the kind of space you will need (setup and size). If you are going to run a food or drink franchise, you will also receive guidelines for things like appliances that are in keeping with the overall aesthetic and brand.

Your Staff

After you have a physical location and everything agreed upon, start looking for your staff. You will want the best possible employees for your franchise to represent your location and the brand overall. Typically, the owner will already have job titles and descriptions so it will make your search for employees easier. There are also internal work postings throughout the company and employees who want to switch franchise locations.

Other Considerations

When opening any business (including a franchise), advertising and marketing are important to success. It is great to promote yourself digitally and online, but don’t forget some physical and traditional ways. Custom Feather Flags are a way to get your information out there and attract new customers. Custom Feather Flags can be printed with your brand name and company colors and can be purchased from Flagdom at: https://flagdom.com/feather-flags.

To reiterate, the following pros and cons are the typical things you will need to consider when opening a franchise business.

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Positives:

  • Built-in client base
  • Brand awareness
  • Dealing with existing vendors
  • Style, branding, and logo already established

Negatives:

  • Larger start-up costs
  • Must adhere to corporate standards
  • Can’t be completely creative or innovative

Opening a franchise, like any business, can be very overwhelming. If you are prepared, vigilant, and work with the owner for the overall good of the brand, you should be on your way to a lucrative undertaking.

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People & Lifestyle

ONErpm launches two new entities, ONErpm Enterprise Solutions and OFFstep.com

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Emmanuel Zunz

ONErpm, one of the leading independent and forward-thinking music labels and distribution companies in the world, is proud to announce the launch of two new entities, bringing the total number of companies under its umbrella to five, with important changes to ONErpm’s core business.

The first, ONErpm Enterprise Solutions, is a Software as a Service (SAAS) platform that adapts ONErpm’s proprietary Content Management System (CMS) to cater to the unique needs of record labels and content owners seeking to grow more efficiently. This comprehensive administrative system streamlines digital distribution of music and videos and other essential day-to-day operations, including managing artist marketing campaigns; assigning work tasks to departmental employees; setting up payments; among other activities. The platform empowers companies to efficiently scale operations with transparency and has been a transformative factor for ONErpm since the inception of its CMS in 2019. Since then, ONErpm has experienced a more than fourfold increase in revenues and staff, largely due to economies of scale achieved.

“We want to partner with like minded companies who need the technology and tools we have developed and fine tuned over the years to take their business to the next level” adds CEO Emmanuel Zunz. “We see a need for this service as there are many interesting labels that might struggle to grow in an increasingly competitive environment where having robust tech will give them the competitive edge to succeed.”

The second company, OFFstep.com, which is Enterprise Solutions first project, is the group’s new DIY offering, where independent artists can upload and distribute unlimited releases for as low as $12 per year while retaining 100% of their royalties. At this price point, OFFstep offers the most affordable plan of its kind. As a result ONErpm will only partner with artists and labels with whom it has forged relationships, and, moving forward, DIY clients will be directed to OFFstep. 

Throughout its evolution ONErpm shifted its focus toward offering bespoke solutions to artists and record labels and naturally became a full-service music label and distribution provider. With OFFstep, the company better caters to the needs of DIY customers in a way they have become accustomed to, at the most competitive price point. Upgrades to intermediate and advanced plans that unlock additional features and permissions are also available.

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“Migrating ONErpm’s basic distribution service to OFFstep has been a long time coming, states Zunz. “For years we have invested in marketing personnel and built a global marketing infrastructure that can render services at scale while tackling the challenges of a constantly evolving digital market,” Zunz concludes.

With the addition of ONErpm’s publishing division introduced in 2022 and the company’s creative arm ONErpm Studios, that oversees recording and video production, ONErpm consists of five distinct entities, each with its unique focus and goals, yet that share synergies with one another. 

Collectively the group provides a wider array of flexible and tailor-made services to various stakeholders in the music industry. This includes DIY artists embarking on their careers via OFFstep, emerging and established artists on a strong growth trajectory or record labels needing value-added services from ONErpm, and enterprises in different stages of development that need greater independence and flexibility leveraging ONErpm’s technology. Enterprise Solutions will also serve as a vehicle for strategic joint ventures with promising entities, as the technology can be combined with financial investments and marketing services.

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What CurlyMe Wear and Go Glueless Wigs Are Game Changer For Beautiful Look

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In today’s fast-paced world, time is a precious commodity and every minute counts. Our morning hair routines often run against the clock, and that’s why wear and go glueless wigs step in as hair fashion game-changers. With the growing popularity of wear and go glueless wigs in the wig industry, hair lovers are looking for the ultimate solution to easily and stylishly transform their favorite hairstyles while saving time on their hair journey. In this blog post, we’ll explore the time-saving power of wear and go glueless wigs, showing how these wigs have become a great choice for those who value both convenience and style. .

What is a wear and go glueless wig?

A wear and go glueless wigs refers to a wig designed for easy and quick application without the need for messy adhesives or glues. These wigs usually come with adjustable straps, pre-attached elastic bands, combs, or other secure mechanisms that allow them to be worn securely without the use of adhesive products such as wig glue or tape and provide additional security. do

Another major benefit of this amazing hairstyle is that it comes with pre-bleached knots and pre-cut laces, both features that contribute to a smoother and more natural look. Bleached knots and the undetectable hairline of a precut lace wig blend more seamlessly with the wearer’s natural hairline, enhancing the overall appearance.

The term “wear and go” refers to the convenience and simplicity of wearing a wig. It’s a user-friendly option that provides a natural look and secure fit without the hassle of glue. Another outstanding feature of these wigs with their glueless design is ideal for those looking for a hassle-free alternative that can be worn comfortably for everyday use, and often their versatility and ease of styling. They are appreciated for.

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There are numerous benefits of wear and go glueless wigs

Glueless lace front wigs offer a number of benefits for women with hair loss that add convenience, comfort and versatility in hot weather:

Ease of Use: These glueless lace front wigs are designed for quick and straightforward application, eliminating the need for adhesives. They come with adjustable straps or secure clips that give you an easy hair fix without the hassle of applying glue or tape.

Comfortable clothing: The absence of adhesives reduces the potential skin irritation and discomfort often associated with adhesive methods. wear and go glueless lace front wigs allow for better airflow to the scalp, increasing overall comfort.

Versatility: Users can easily remove and replace the wear and go glueless wigs, allowing for multiple styling options and the freedom to easily change Brazilian hair types.

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Everyday Convenience: These lace wigs are perfect for everyday wear due to their easy application and removal. They are ideal for individuals who prefer a hassle-free solution to their hair without compromising on style.

Protective Styling: They provide a protective barrier option, protect natural hair from permanent styling, heat or chemical damage, are great for women with hair loss, and promote healthy hair growth.

Natural Appearance: wear and go glueless wigs offer a natural-looking hairline that has the appearance of baby hair and scalp, providing a seamless blend with your natural hairline for a realistic look.

Beginner Friendly: They are perfect for wig beginners or wig wearers, offering a user-friendly solution without the hassle of adhesives or professional use.

Time-saving: Due to their easy application and removal, wear and go glueless wigs save application time during morning routines or when preparing for events, making them a convenient option for busy individuals.

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How to choose the right wear and go glueless wigs for you?

Choosing the right wear and go glueless wigs involves considering several factors to ensure it suits your style, comfort and preferences:

Material: Wigs can be made from synthetic fibers or high quality human hair material. Synthetic wigs are easier to maintain and often less expensive, while wear and go glueless human hair wigs offer more styling versatility but require more maintenance.

Styles and Lengths: These precut HD lace wigs with voluminous lace come in a wide range of stunning hairstyles and lengths, consider hairstyles and lengths that suit your face shape and personality. Try different dream hairstyles to see this.

Cap Construction: There are different cap constructions, such as lace front, monofilament, and basic caps. Each offers different levels of comfort, breathability and natural look.

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Color: Choose a color that flatters your skin tone and matches or enhances your natural hair color or your desired color.

Maintenance: Consider the level of maintenance you are comfortable with. Some human hair glueless wigs require more maintenance and styling, while others are more ready to wear.

Try before you buy: This can help you ensure that the fit and style fit you well.

Budget: Set a budget and explore options within that range. Prices can vary significantly depending on the material, brand and quality of the hair.

Conclusion

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We hope you enjoyed our blog post on why wear and go glueless wigs are a game changer. Wigs have become an increasingly popular choice for those looking to change up their hairstyle, and for good reason. The convenience and ease of glueless bob wig & wear and go glueless wigs offer a wonderful and hassle-free experience for anyone looking to transform their hair’s highlights. Whether it’s for a special occasion or simply wanting a new hairstyle, these premium human hair wigs provide an easy and comfortable alternative. Visit CurlyMe Hair to explore our wide range of wear-and-go glueless bob wig collections and start exploring the endless possibilities of your hair journey today.

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People & Lifestyle

MTN implements price increase

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Scancom PLC (MTN Ghana) has implemented an upward review of its voice and data prices by 15% for most of its products and services for both pre-paid and post-paid customers. The new pricing takes effect today, 28th November 2023. The price review impacts Voice, SMS, and Data as well as Fiber Broadband and Fixed Wireless Access (4G Router/Turbonet) customers. 

The review has become necessary due to increased operational costs. The review will allow MTN Ghana to continue to make the investments required to sustain its business going forward.

Explaining the reason for the increase, the Chief Commercial Officer for MTN Ghana, Mr. Noel Kojo-Ganson, indicated that it was due to market pressures: “We are very mindful of the challenging economic conditions and the increasing cost of inputs for our business.  The price review is [Internal]necessary to enable us to continue to sustain the business and make the needed investments in the network and new innovations to enhance customer experience”. 

MTN Ghana would like to assure its cherished customers that it would continue to focus on delivering reliable, innovative, and improved customer experience. Our customers remain our key priority and we will continue to innovate and give the best value and experience to them.

To this end, MTN Ghana’s promotions, offers and loyalty schemes including the existing 50% bonus for 4G customers on myMTN App and Momo App will remain. 

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MTN Ghana remains committed to pursuing its Ambition 2025 strategy which is anchored on five pillars – Fintech Solutions, Digital Services / Ayoba, Enterprise, Network As A Service, and an API Marketplace – to deliver a bold new digital world to customers. 

More information can be accessed on MTN’s website, www.mtn.com.gh, or our social media platforms.

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People & Lifestyle

JCS Investments brings economic relevance to people with disability

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JCS Investments Ltd, in collaboration with Heritors Labs, has introduced an innovative digital platform for the promotion of the economic independence of people with some form of disability or special needs. 

The project which is the brain-child of JCS Investments Limited identified the potential to increase the economic involvement of those less able to participate in the mainstream economy.  The digital platform is designed to provide a comprehensive range of options for people with disabilities which include, a market place for produce made by persons with disability, enabling them to showcase their products and access a wider audience.

The platform also offers a way for socially-responsible customers to achieve a positive impact by purchasing items from individuals (and also supporting the institutions working in this area). As well as a database of disabled people’s skills and competencies, making it easier for employers, from SMEs to large organizations, to recruit individuals with a disability. The employment options can include short or long-term contracts.

The rest include opportunity for people with disability to create their personal profile, update details and present their skill-set to potential employers and a ‘shop window’ for larger organization to register as partners, promote their involvement and demonstrate commitment to Equality, Diversity and Inclusion (EDI). 

The collaboration with Heritors Labs has provided the foundation for the development of this laudable project. The dedicated teams within the two organizations have worked together to create the innovative digital platform. 

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JCS has approached a number of potential partners, encouraging them to support this initiative and widen awareness an reminded that EDI helps to unlock talent and stimulate economic activity. This EDI initiative helps people with disability to achieve ‘income with dignity’ and become equal members of the larger society. Looking ahead, it should no longer be necessary for people to beg in the street for their daily bread. 

This platform represents an important step in promoting economic independence. It is anticipated that some will be able to scale up their business activities and engage more directly with the mainstream economy. 

This digital platform has also partnered with Pario Surveys to offer personality profiling to people who would like to increase their self-awareness and effectiveness in the work place. JCS has secured preferential rates for those interested in this service. The platform also encourages the involvement of responsible corporate organizations in the process of building an inclusive workforce. The platform enables them to register and become part of the EDI community. 

In a rapidly changing world, organizations are becoming increasingly aware of the need to achieve competitive advantage, which can be helped by promoting inclusion. This has a positive effect on productivity, helping create the conditions for high performance. As Unilever CEO (Alan Jope) stated in 2021, ‘Without healthy societies we don’t have a healthy business.’

In a related development, JCS Investments Ltd, has taken another step to help organisations enhance their Environmental, Social, and Governance (ESG) credentials. The aim is to encourage commercial and social improvements that support a sustainable future. 

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JCS has a positive track record of promoting inclusion, particularly of people with disabilities.  Patricia Safo, CEO of JCS is clear about the benefits of the new project. She emphasised that JCS and the Heritors Labs team see the project as an important way of connecting mainstream businesses with disabled, motivated people. 

Looking forward, the new platform can be developed to showcase positive initiatives. There is also scope for corporate organization to use the platform to purchase corporate Gifts and support the development of micro businesses. It is hoped that the platform can encourage corporates to consider bespoke orders.

This initiative was inspired by the Patricia’s late father, Mr D O Safo, who took steps to employ people with disabilities in his agribusiness workforce. The digital platform SENHUB utilises new technology to address the significant issue of disadvantage and barriers to market access. It offers a comprehensive marketplace for entrepreneurs with disabilities, to showcase their goods and services. SENHUB also offer a job placement platform for disadvantaged individuals.

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People & Lifestyle

Interior Design Trends You Need to Follow in 2024

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In the dynamic landscape of contemporary interior design, the year 2024 is poised to usher in a plethora of trends that promise to redefine and elevate the aesthetics of our living spaces. As individuals seek to create environments that not only reflect their personal style but also stay in tune with the pulse of the times, the upcoming trends encapsulate a harmonious blend of timeless elegance and cutting-edge innovation. This exploration delves into the anticipated interior design trends for 2024, offering an insightful guide for those looking to infuse their homes with a renewed sense of style and sophistication.

Nature’s Embrace

One of the most captivating trends anticipated to captivate the interior design landscape in 2024 is the seamless integration of nature into our living spaces. This trend transcends mere aesthetics; it embodies a holistic approach to design, where indoor spaces harmoniously coalesce with the outdoors. Envisage a tapestry of organic materials, from the warmth of wooden elements to the verdant presence of indoor plants, creating a living environment that blurs the boundaries between the inside and outside, fostering a serene and refreshing ambiance.

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Sustainable Chic

In an era where environmental consciousness takes center stage, the realm of interior design embraces a significant shift toward sustainability in 2024. This trend isn’t merely a fleeting nod to eco-friendliness; it’s a conscientious commitment to making design choices that leave a minimal ecological footprint. Expect to witness a surge in the use of recycled materials, energy-efficient appliances, and eco-friendly furnishings, transforming homes into sanctuaries that not only exude style but also exemplify a responsible and eco-conscious way of living.

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Neo-Vintage Fusion

The intersection of the timeless charm of vintage aesthetics with the sleekness of modern design principles defines the captivating trend of neo-vintage fusion that is set to dominate the interior design landscape in 2024. This trend invites homeowners to curate spaces that tell a story, seamlessly blending classic pieces with contemporary accents. Picture a carefully orchestrated dance between antiques and modern creations, where each element contributes to a narrative that honors the past while embracing the present and future, resulting in a curated yet eclectic aesthetic.