The Secret of Franchise Financing Loans
It’s appealing, we know that. It’s the idea of owning your own business that is a proven brand and money maker. Franchise financing loans can help you address your entrepreneurial vision of owning a franchise in Canada. The ability to own your own business and generate profits and wealth is of course appealing to all.Picking your franchise in some ways is half the battle, as you probably have been focused on purchasing a new or existing franchise that matches your skills, interest, and experience. The other half of the battle and some say the harder one (we would agree) is arranging franchise financing loans that make sense for your business and your own personal situation.As we point out to clients, whether entrepreneurs are starting a major manufacturing company that might employ hundreds, or a pizza shop with a staff of three two considerations come to mind, always – they are debt and equity. We’re of course referring to how much you will put into the business, and how much business credit for a franchise loan can be accessed.So are there some great secrets and tips we can share with yourself as a prospective entrepreneur – there sure are.First tip/secret # 1 is simply to investigate carefully the financial requirements that your franchisor requires. These must be addressed in a solid and dedicated manner. If you don’t understand the requirements how can you address them? So ensure you understand the amount of financing the franchisor recommends. Is that all? Definitely not, that’s where our previous concept of planning was mentioned. Make sure you consider two other aspects of the business financing; they are working capital for daily operations, and some sort of plan for long term growth or expansion.It’s probably not written in stone somewhere, but we have always felt that clients aligning themselves with a major brand that has a larger number of multiple units have a strong chance of financing success. Of course that isn’t always the case, as some new concepts in a number of industries continue to be introduced all the time, but it sure helps if the lender is enamored by the franchisors brand and success.Another great tip and secret is simply that as opposed to spending all the time on the business itself when you are discussing financing, rather also focus on your own personal financial situation and experience. This is absolutely one of the most important criteria that banks pay attention to – namely how have you run your personal affairs, and at the same time do you have the type of business of management experience.Some franchisees think because they don’t have very direct experience it might hinder their financing – the reality is by properly positioning your skills in a general sense, i.e. previous sales experience, customer service, etc you can capitalize on general business skills required to run any business.You may not like to hear the news, but the reality is that you do in these times need a sizeable personal investment into the business, aka your owner equity. Those typical ranges between 30-50% depending on the size and nature of your franchise. In some cases you might be in fact buying an existing franchise from another franchisee who wishes for some reason to ‘move on.Let’s share probably our greatest secret in financing your franchise – the government of Canada. Many clients are surprised to hear that a government program known as the CSBF / BIL program is the largest financier of franchises in Canada. Its underwritten, structured, and supported by the government and offers great rates, terms and structures for amounts up to 350,000.00 – that amount was increased from 250k in previous years.A final secret – experts are preferred – Speak to a trusted, credible and experienced Canadian business financing advisor on how you can efficiently and successful gain knowledge on franchise financing loans for your new business.
Reaching Out the Advertising Market From Home
Online marketing has become one of the essential media tools in promoting new or existing products and services, and at the same time, reaching out consumers from any corner of the world. Online advertising has become the centre of attraction to business owners. The reasons behind this are that online advertising is cheaper compared to billboard or usual advertising, all of this for the fact that large target audience can be covered at no time. This leads to more chances of interacting with people who are actually interested in an advertised business.Various types of online marketingEven for experts, it is very difficult to identify which is the best online advertising method. You can choose any of the following methods according to your preferences and goals. The only thing you need to understand that whichever method you will use, it should reach your targeted audience. Your method of advertising and content of the advertisement should be such that it not only generates attention but also convinces customers to purchase your product. Here are some various methods of online advertising:
Article marketing: this type of method is commonly used when you want to run your advertisements for a longer period of time.
Search engine optimisation (SEO): this comes on the top of the list when you need quick and fast results. It is one of the best methods for online advertising and helps your business get entry in the global market easily.
Pay per click advertising: this is relatively a favourable method to do advertisements online.
Forums
Link exchange
Banner advertising
Affiliate advertising
Email advertising
Online classifieds advertising
Others: also there are other methods of free advertising i.e. giving advertisements on social media sites, like Facebook and Twitter.
Whichever method of online advertising you choose, it will definitely bring good results in the promotion of your products.Various rules of online advertising:1. Set objective of the advertisement: in your advertisement, your objective should be clearly defined. Your message should be precise and clear in your advertisement. You can easily reap maximum benefits of your online advertisement campaigns if you know how and what to advertise to reach out to your audience.2. Decide “where” to put your ad: you should be clever enough to acknowledge the best site where you can put your advertisement. You have to do a little research to find the best site for the promotion of your product. You can consider online yellow pages, search engines, Service Provider directories and other large web sites. 3. Be creative: tailor and mould your message according to your target audience. Use the language that appeals them the most. It is equally important to present your idea according to the mindset of your targeted audience. This step needs creativity and will make your advertisement outstand in the market.
Online Travel Agencies – The Advantages and Disadvantages
Planning on having a vacation with your family? Do you want to have a hassle free option for you to set up your travel plans and choose the best travel destinations around the world? No worries. The easiest and the most convenient way to book your ticket and help you with your travel itinerary are through the internet. You can find so many websites about travel guides and tours that would certainly help you with your trip.You can find online travel agencies that can be helpful in giving you information about great destinations around the world without going to any travel agency office or talk to a travel agent. These online travel agencies will surely give you all the comforts to set up your destination plans in front of your laptop or PC. When you choose your online travel destination, you have to remember to find the best deal that allows you to choose your own destination and at the same time gives you all the comfort and convenience.The benefits and advantage of online travel agencies is having low cost and convenience. Online travel agencies is also available at any time, as long as you go online, you have all the time for bookings that you need to complete. With all these online agencies, you have all the option to choose the best deal and the right budget for you. It also gives the comfort in the country of destination; you are provided with the transfer to your hotel and agencies are the one taking care of any problems you might encounter.Also, the advantage of choosing online agencies is your control on your decision without influences or pressure from travel agents. If you visit a travel agency office, many travel agents have the same tone like a salesman; remember that most of these people are working under a commission program. So basically, you might be pressured by their sales pitch and book a trip without checking other good options and much less affordable.Usually one of the concerns for online travel agencies is the security of paying large amounts of money online. Online security is a major issue for any online business, so it is very important to make sure and choose a travel agency online with a good reputation by checking customer reviews and feedback. Not all agencies can be relied on because some of them might disappear with your money. There are so many scams over the internet nowadays, so b very careful. It is better to be safe than sorry.So overall, make sure to choose the legitimate and quality online travel agencies to avoid scams. Always seek some tips and assistance if you’re not sure about the online travel agency. Most importantly plan your trip carefully to avoid any hassles or problems. Good luck and enjoy your vacation.