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6 Reasons to Buy a Franchise
 6 Reasons to Buy a Franchise 602 339 Richard Willis
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Buying a franchise can be an exciting venture. A well-designed franchise system can be an excellent way to expand or buy a new business. So why exactly can this option be beneficial for you? Below are the top 6 reasons why you should consider investing in a franchise. 6. Proven System When you purchase a franchise,…

How do you show value to customers?
 How do you show value to customers? 150 150 Richard Willis
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Here are 5 steps you can take: Understand what drives value for your customers. … Understand your unique value proposition. … Identify the customers and segments where are you can create more value relative to competitors. … (market and competitor analysis Create a win-win price. … Focus investments on your most valuable customers – apply…

Essential to build good business relationships!
 Essential to build good business relationships! 150 150 Richard Willis
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Great business relationships aren’t as mysterious or complicated as you might think. Set a positive tone for your company (culture). Know your unique value proposition. Find win-win for both parties. Err on the side of humility. Embrace your own personality. Manage client expectations – don’t over promise and under deliver. Keep the lines of communication…

Basis of Business Breakeven
 Basis of Business Breakeven 150 150 Richard Willis
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Break-even is an economic condition that occurs when the difference between a firm’s revenue and cost is equal to zero. Simply put, break-even is the minimum level of needed for a company to not to go broke! Break-even looks are both Fixed and Variable costs, as well as Income. Fixed cost don’t change (eg., Rent).…

Sell my Business Australia
 Sell my Business Australia 150 150 Richard Willis
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How much profit should a business make? Profits are hard to come by – Profit ranges from 5 percent for a startup to 20 percent for a mature, established $10 million-plus business. As a business grows it has to start hiring more people. Each employee in a small business drives the margins lower. One study…

What is Earnings Before Interest and Taxes EBIT?
 What is Earnings Before Interest and Taxes EBIT? 150 150 Richard Willis
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In accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm’s profit that includes all incomes and expenses (operating and non-operating) except interest expenses and income tax expenses.

How do I calculate total revenue profit?
 How do I calculate total revenue profit? 150 150 Richard Willis
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Economics – profit and revenue Total revenue (TR): This is the total income a firm receives. This will equal price × quantity. Average revenue (AR) = TR / Q. Marginal revenue (MR) = the extra revenue gained from selling an extra unit of a good. Profit = Total revenue (TR) – total costs (TC) or…

How does a business calculate total profit?
 How does a business calculate total profit? 150 150 Richard Willis
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The profit formula is stated as a percentage, where all expenses are first subtracted from sales, and the result is divided by sales. The formula is: (Sales – Expenses) ÷ Sales, expressed as a percentage.

How to Sell your Business Online Quickly at the Highest Price Without a Broker
 How to Sell your Business Online Quickly at the Highest Price Without a Broker 150 150 Richard Willis
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Send Interested Buyers a Business Summary. Offer Flexible Payment Options. Offer to Stick Around. Offer Liability Insurance Coverage. Pre-Qualify Your Buyers. Employ Aggressive Marketing Tactics. List Your Business on Specialized Websites, such as Free Business Brokers.

Sell your business fast?
 Sell your business fast? 150 150 Richard Willis
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Not all business sellers have time on their side. Consider these suggestions for a quick sale. The Time to Sell is Declining (Though Not Fast Enough) Strategies for a Quick Business Exit. Reach out to likely buyers. Add a business partner. Sell to your employees. Offer incentives. Liquidate your assets.