Top issues that would impact business

The most important economic and social issues that affect people's lives

New innovations have begun to take shape and create incitement for development. Internet of Things (IoT) and Big Data highlighted among other interesting projects. However, issues related to 2017 seems a never ending debate in the socio-economic community. We are talking today about consequences of the outcome of the presidential election in the United States as a negative political change and the global crisis in economy. Brexit and election in France that has created a great uncertainty in the European market and now as Ireland's uncertainty in the matter further contribute to the low credibility of the stock exchanges in Europe. We face that the credibility has decreased of the standards Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS) as well. The financial bubble is not only a federal issue for property markets no more, but also a matter for investors who do not have enough competence in the fundamental indexing analyzes. The scale of these problems has direct implications on businesses sustainability. We have also in the last two years seen dramatic human rights violations from large parts of the world as a growing problem. But we also hope that these challenges will create new opportunities.

With this secular perspective I intend to talk a little bit about the local development perspective here in the Arctic and I am committed to cooperation in the Barents Region Development Agencies for a transnational dialog. What we see today is a stagnating economic development for this region with direct reference to the low iron ore price for revenue in the mining sector. Society with an overburdened generation shift has a great need for alternative industries in order to balance the growth in this region as in the rest of the world. Our region is in a great need for rehabilitation of information search.

Small and medium-sized businesses in our region today are undermined by zero margin games with activities while The funds by the EU in principle are administered between established institutions internal services or non-existing. The funds by the EU must be provided for the innovative and creative industry and the development of growth. If we instead let an uncertainty to consist in a society and a society to stagnate, then we have big problems for a long time to come.

Indeed, I am also thinking of how prices of saw timber and pulpwood will be during the spring when we shall sell the harvested wood. A low demand contribute to a low price and a high demand means a better price. Let us hear about your ideas for the year to come. Feel free to leave your comment about your perspective of this.


Cheers!

How Do Franchises Deliver Business Success?

by Alistair Guilliard

 An daring question, I admit. It is almost without doubt a question to raise some hackles with some 'entrepreneurs' who currently run a franchise

Leaving the controversy alone for a moment, it is a question that I have often pondered when looking at why people go for the franchise route when setting up their own business. The merits of a franchise are certainly understandable; creating an independent business where there is an absence of experience determines that for some, franchising creates a faster route to setting up together with a business that has already worked elsewhere. To suggest that you don't have to 'reinvent the wheel' when setting up your business wouldn't be far wrong, as the groundwork and foundations have already been laid.

But let me just contradict that for a second. There is the belief that people are buying a business model that really succeeds, or is reality something different? What's required for business success? Does a business model that ensures success even exist? So can anybody just buy a franchise and expect that success is all but guaranteed? Do franchisees stand a better chance at success than someone setting up an independent business?

Too many questions? Right, we need to study this in more depth and attempt to comprehend the components of a successful business. I'm going to reference one specific source, on account of the different sources also referenced by Moyak K. Mason, when trying to understand what makes a business succeed or fail. Suffice to say, that research conducted for the paper, 'What Causes Small Businesses to Prosper?' provides enough data to suggest that whether a business succeeds or fails has little to do with management tools or techniques. Moreover, a strong understanding and grasp of business basics is the most likely platform for a successful business than any management tools. When all is said and done, a tool or system is nothing more than that especially if not implemented properly, and is never going to be a panacea or silver bullet for business failure.

Business that do achieve success, display a number of qualities and practices:

They are centred on standing out in the defintion of their strategies.
They are also consistent in their execution, rising and meeting customer demands, and providing staff with the authority to make the decisions required that will help them remain agile in changing market conditions.

Their internal cultures have high performance expectations, who motivate their employees and management, and reward them not only financially but also psychologically.
The internal organisation is built so that unimportant matters are overlooked, but zoom in rationalising the business processes, cutting down administration and over-management. Simple is where it's at and the promotion of cooperation between internal departments and personnel.

Taking into account that the numbers of business that fail is reportedly just as high for franchises businesses, of what real advantage is the franchise model? A 1995 study conducted by Dr. Timothy Bates of Wayne State University tells that the frequency of failure for a franchise business was in excess of 30% yet those exact same companies also realised much lower margins than the independents. Given the restrictions that a franchise model places on the franchisee, the ability the be creative as a successful entrepreneur would hardly have been possible under the rigidity of such a model. Of course, some may argue that such creativity should be coming from those who are the franchisors, but then you have to ask; where does an entrepreneur fit into this?

The positive aspects of a franchise model turn rather less than beneficial when weighed against the rather harsh picture painted by statistics that haven't been produced by some national franchise association. The level of credence you give to which ever set of numbers depends on how much vested interest in the franchise model you believe a national franchise association has! I'll let you work that one out for yourself.

Ok, so a franchise is apparently not as great as is made out, where do budding entrepreneurs, looking to make their fortune, turn for a safer business model that addresses their concerns over 'getting it wrong'?

Well, unless your mind is already made up that you really must open another multi-franchise restaurant, the chances are you're probably just looking to create some wealth for yourself whilst minimising the risk that inevitably comes with starting any business. If so, then you might well consider a business system and model that guides you through to constructing a business that will achieve success, minus the royalties and regulations that a franchise would impose would be preferable? What about a system that plugs you into the best training and mentorship available, whilst still allowing you to retain your entrepreneurial creativity? A platform that automates all the telling and selling, as another option to franchising, releasing you to conentrate on driving potential customers to your business, with an average 80% profit margins, but without the punitive costs and royalties, a franchise alternative is a reality.



Is The Franchise System Flawed?
Why Wait 3-5 Years To Break Even? Discover An Alternative To Franchsing That Is Fast To Set-Up, Automates Your Marketing and Delivers Fast Return On Investment With Full Training.
http://www.OnlineBusinessProfitNow.com/franchise

Article Source: http://www.articlesphere.com/Article/How-Do-Franchises-Deliver-Business-Success-/196746

Get Legal Advice For Your Business Operations & Risk Management

 by McKenna Storer

 All sort of business will necessitate a business law advice at one end or other. From the merchant relationships in order to authoritarian compliances, tax & payroll problem, employment matters, a day to day function of your business provides a myriad of challenges. No matter whether small business or multi-location business, your business requirements simple access to lawful consult in order to deal along with those challenges as well as problems in an appropriate approach. Fueled by a commitment in order to deliver extremely responsive as well as cost-efficient lawful counsel to all consumers, McKenna Storer’s business law attorney obtain familiar your business at the very deepest stage hence they can also comprehend how you function as well as what you necessitate to be successful.

Experts identify your needs

Their attorneys function nearly along with your group providing a customized, practical method to running your corporation & attaining method aim in a risk averse and cost effective. Making & running is a profitable corporation in the extremely complex & fast-paced world economy includes method financial and also lawful planning. Their high experienced attorneys provide valuable advice & business legal consult in order to minimize your risk, maximize productivity and control price.   Having functioned along with start-ups of each size in diverse business brings an exclusive perspective in order to resolve otherwise mitigating business problems.   They have an exclusive comprehending of a small size business law and challenges where you may face in the future.

Cost effective legal consult 

Of course, you can rely on the business lawful consult from their group to prevent your interest in entire transactions from the drafting worker contracts, merchant contract to a complex merger as well as acquisition transactions.  Taker merits of the depth of sense, understand analysis and innovative solution execute through business law group. Business law service, since you navigate your method via complexities of Business & Legal problem, the weakness to compliance as well as litigation risk can be an ongoing cause for concern.  McKenna Storer has offered a cost-effective business lawful consult to small and middle size corporations which don’t have in-house counsel and look exterior common advice in order to support their individual group.

Get ideal solution 

Of course, you can also get advice from them regarding entire sort of problem from merchant relationships, regulatory compliance, business tactic planning, employment issues, tax & payroll problem and some other challenges which increase in the day to day operating of a corporation.  They also recommend and met documentation for a consumer on mergers as well as acquisitions and dissolution of the business of the partnership and some other business.   Along with a mixture of corporation law experience and also knowledge regarding trends, created as well as policy modifies in the commercial field, they craft efficient lawful tactics in order to prevent and also defend your venture. Their attorney brings into a line sound legal consult along with your major objectives in order to aid achieve the top most productive outcomes with a minimal risk.  The cost efficiencies & personalized attention of in-house lawful advice from the outside counsel.



McKenna Storer is the author of this article on corporate law.
More information about corporate law firms.



Article Source: http://www.articlesphere.com/Article/Get-Legal-Advice-For-Your-Business-Operations---Risk-Management/403859