Franchising is Todays Success Story precisely is a global business opportunity? Definitions vary among different scholars, but came down to the bare essentials, a business venture exists when : 1 ) the purchaser purchases services or goods that enable him or her to start a business, two ) the acquisition price is more than a specific amount, often $500, and 3 ) the vendor makes one of many defined representations about the opportunity,eg guaranteeing the program will be profitable ; offering to provide assistance in locating accounts, vending machines or other display devices ; promising to buy products that have been assembled or produced by the buyer ; or providing a sales program or marketing plan.
The big advantage of starting a franchised business is that the business model has already been proved. As a consequence, only 5% of franchises fail in a year compared to the 30% to 35% of non-franchise home businesses. This suggests that franchises are the most successful way to line up your own business. The power of the Net lets you conduct international business because your internet site is available all around the world. The Internet has become the way folks do business and has led to many people having their own very successful home-based business many people dream about having their own small business in order to escape the bother of commuting, friction with overbearing bosses and the strain of the corporate workplace. In the good old days, the best home business was some sort of mail-order business. [**] in today’s world a Net based business offers the simplest way to gain pliability and economic autonomy. One of the best global business opportunities from working from home is by Medical Transcription.
Medical transcription is the act of translating from oral to written form ( on paper or electronically ) the record of a person’s medical history, diagnosis, prognosis, and result. Transcriptionists transfer medical voice recordings manufactured by doctors and health pros into documentation including : operating room reports, autopsy reports, and physical exam paperwork. Currently, over twenty percent of folks working in the profession are self-employed. The medical transcription business requires careful execution of health record confidentiality needs. Any changes in the rules and regulations can affect business profitability . An extra risk is the occupational hazards of computer keyboard work leading to eyestrain, carpal tunnel syndrome, and wrist or back Problems fashionable clothing is also one of the most successful global business opportunities available in the business scenario. Smart clothing conjures up images of space age Jetson style attire. Smarter attire encompasses the customization of clothing to special markets ranging from performance attire, sun protection, and aging-friendly clothing. Conversely, a market too narrow can present Problems with achieving break even points and profits. Fulfillment in the smart clothing industry will require the facility to outmaneuver large outlets who influence the attire business. Skateboard shops ) and outsourcing the producing process overseas can help to maintain margins.
The language translation market has given new avenues in global business opportunities. It’s a brand new idea which has been projected to reach $22.7 US billion by the end of 2005 in US alone, according to a statement by associated Business Intelligence. Interpretation services can cover various areas including : legal translation, commercial translation, technical translation, editing services, language interpretation, and website localization. Turning into a translator can be simple for someone that fluently speaks a foreign tongue. To achieve success in this global business venture needs business abilities of marketing and operations. Also, look to add a level of professionalism by gaining certification. Several potential risks exist in the market. Translators who understand local cultural differences can supply vital understanding a PC cannot.
Contact www.profranconsultants.com for more information. .
About the Author
Ken Hollowell, President/CEO of Profran Consultants has over 30 years been consulting with companies wanting to become a franchisor and develop a franchise system. Ken Hollowell has developed over 800 franchise business throughout the world. He is one of the most sought after franchise consultants in the USA. In addition to the franchise development work, Ken prepares private placement offering for companies needing to raise funds for their projects or companies. Ken can be contacted at www.pro
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