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Our member accountants, tax specialists and practitioners are always looking for new ways to share their knowledge and help clients better understand the sometimes confusing world of small business finance.

 

Franchising 101 – Get Schooled on Franchise Fundamentals

FRANCHISINGThe turnkey nature of a franchise can be a very attractive alternative to starting a business from the ground up.  Here’s the basics about franchise ownership and what the Federal Trade Commission (FTC) considers necessary to be considered a franchise.

 

According to the International Franchise Association a franchise is an agreement or license between two legally independent parties that gives:

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A Happy Holiday Predicted for 2014

Santa shopping early for holiday shoppingIt’s beginning to look a lot like Christmas and this year, the National Retail Federation (NRF) estimates in its 2014 Holiday Forecast that holiday sales for November and December, excluding autos, gas, and restaurant sales, will increase 4.1% to $616.9 billion.

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Before You Buy a Franchise - Read This.

Cold Stone Defaults on SBA loansFranchise ownership can be a quick, efficient way to enter into business ownership. Without all of the backend system building and front end design, product and customer education of a unique start-up, entrepreneurs can simply focus on starting and growing the business.

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Talking about Bonus Programs

bonus programsBonus programs are on the rise – in fact, they have risen substantially from 2010.

The survey by WorldatWork, the nonprofit human resources association for professionals and organizations polled 5,355 members as part of the Bonus Programs and Practices report.  There are four basic kinds of bonuses referred to in the survey; retention, referral, signing (sign-on), and spot bonus.

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Watch Out World - Minority Women-Owned Businesses are on the Rise

According to an American Express (AXP) OPEN report, minority women business owners are growing – and fast. The report cites that since 1997, their numbers have more than doubled to 2.93 million in 2014. While there are more minority women businesses, the revenue they generate and the pace at which they grow is still smaller than companies owned by their white women and male counterparts.  Where are the gaps and how can we improve on the statistics to help minority women-owned businesses soar?

 

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