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Investments and Strategies for the Future of Business

Archive for October, 2011

Reasons Why You Should Hire A Franchise Lawyer

Oct 25

Posted by Tom Brinic in business, investing | No Comments

A contract is binding. When one signs on a contract, it cannot be broken. The terms and agreements apply.

A franchise agreement is a binding contract. It defines the obligations and rights between the franchisee and the franchisor. A franchise lawyer comes in between. He reviews the contract as well as the agreement both parties signed on.

Franchise lawyers are credible to handle unique franchise agreements. For example, duplication of the concept of a business can provide consistent services. The consistency allows franchisors to establish a brand identified to them. They can also have franchised locations that are associated through networking lead to the total reinforcing of the brand to their image.

The franchisor must be protective of its brand. It also has the power to dictate issues that is indicated in a franchise agreement. Franchise attorneys must know the legality of the conditions as presented by both parties – the franchisor and the franchisee.

The franchise lawyer’s task is to provide the consistency between the franchisor and franchisee in order to protect the brand. He also dictates the issues that are covered in the contract both parties signed.

If the franchise lawyer does not have the experience to comprehend these franchise matters, there is a tendency for the stipulations to be misinterpreted and his decisions are biased and favor the franchisor.

Therefore, you, the businessman, must have a financial lawyer you trust beside you when making investment decisions. A franchise lawyer specializes on those matters and would gladly review the franchise agreement before you sign.

A credible and well-reputed franchise lawyer separates the contract terms as well as the acceptable obligations set amidst the common practices in a relationship between the franchisor and the franchisee. He weighs out what is unusual or extreme.

Franchise lawyers can help businessmen negotiate with the franchisor. At least by having them on your side, you would get an explanation on the changes the franchisor would like to make and those that have the possibility to be rejected. He may also help you evaluate the opportunity after buying the franchise, as well as coming up with your future business plan.

However, hiring a well-reputed franchise lawyer is not an easy task. Ask anyone who often invests in franchise, inquire for of they know someone they can refer. Try to also ask your own attorneys or accountants whether they know a lawyer who specializes in franchising.

Also, franchise lawyers must be fully informed of all the regulations upon purchasing the franchise. FTC Franchise Regulations require the disclosure of all information such as advertising, licensing, contracting, sales and other promotions of the franchise.

Disclosures that often create an argument between franchisor and the franchisee are:

- the name of the franchisor

- any fictitious name of the franchisor

- franchisor’s trademark

- the last five years business experience of the officers and directors

- whether the franchisor, officer, or director have been involved in any actions of fraud during the last seven years

- terms of the franchise agreement including details on how to modify, terminate or sell it

As a businessman, you can expand your own business instead of selling what you already sold to others. Be the franchisee and not the franchisor. If your company owns and runs a successful franchise, expect lotsa cash rolling in.

Thanks to a franchise lawyer, each move you make regarding the expansion of your business will be legal and guaranteed.

Before making a responsible decision involving franchising your business or investing in a computer repair franchise, you should get all the information you can regarding the matter. Our website, Franchising My Business offers news, tips and advice to help you through this decision making process.

http://franchisingmybusiness.com

Author: Tom Brinic
Article Source: EzineArticles.com
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Internet Forums – Six Ways To Avoid Disaster

Oct 18

Posted by Elaine Currie in internet business | No Comments

Internet Forums are highly popular, they cater for all tastes and deal with every topic imaginable. People visit Internet forums for a variety of reasons, the most common being the search for information or entertainment. The Internet forum is a safe environment if you behave sensibly but you can find yourself in dangerous territory if you ignore the following warnings.

Don’t Join Internet Forum Flame Wars

An Internet Forum flame war is to be avoided at all costs. The airing of differing points of view, debate and discussion are healthy things for an Internet forum: they keep it lively. An Internet forum flame war can make entertaining reading but don’t be tempted to join in or start one. If you make a habit of leaping into forum flame wars, you will acquire a reputation as a trouble-maker and you could find yourself barred from a forum because of your behaviour. Another good reason for avoiding forum flame wars is that you could find yourself caught in the crossfire. Before you know it, people will be firing at you from every direction when all you intended to do was have a bit of fun.

Don’t Make Jokes On An Internet Forum

Well, you can if you really must, but remember that the Internet forum has the same drawback as email: the reader can’t see your expression or gestures. The smile, shrug or grimace which can lift your comment from serious to humorous will be missing and your message will be something which the reader has to interpret. If the reader gets it wrong, you might very well find that you just started your very own Internet forum flame war quite unintentionally. You can safely tell a joke on a forum (provided that your joke’s content is appropriate) but sarcasm and irony are dangerous and best avoided.

Don’t Be An Internet Forum Drama Queen

The Internet forum is not a suitable stage for you to perform your very own drama. If you flounce about making extravagant statements merely for effect, you will be the object of ridicule by other forum members even if nobody tells you so. If you are a member of a support forum for a particular programme, it is quite in order to post a message to the forum saying something along the lines of “I’ve started to feel unsure about [whatever], I don’t think it’s going to work out unless I make some changes. Can anybody suggest what I should try next?” Compare this to the next post in drama queen style: “I quit! This Sucks. I’ve done everything right so it must be this ****ing programme. You will never hear from me again!” Which forum member would you want to help? There will be kind people who feel the drama queen’s pain and offer support and suggestions. When the drama queen makes a big re-entrance to the forum after a few days sulking, posts “I’m back!” and expresses a resolve to work diligently towards success, the kind people who offered support will feel that their advice must have done the trick. When the forum drama queen posts another “Goodbye Forever!” message, the same kind people will empathise as the drama queen is obviously being affected by an emotional roller coaster and they will offer further sound advice. The kind forum members will be pleased when the drama queen makes a further “I’m Back And Here To Stay!” recovery. By about the third or fourth “I Quit!” drama, even the kindest people will be wishing the drama queen had stayed quit the first time round and Internet forum credibility for the drama queen ends there.

Don’t Be An Internet Forum Puppy

A real puppy can’t help chasing after everything that moves, getting under people’s feet and being hyperactive to the point where it sometimes becomes annoying: that’s just its nature. The Internet forum member who behaves like a puppy can help it and should desist. I am talking about the person who joins an Internet forum for the sole purpose of getting the links in his signature file on the forum as often as possible. The annoying forum puppy will respond to every message posted whether he knows anything about the subject or not. He will post messages which are of no value to anyone, these messages will range from boring pointless observations to obscure drivel to requests to poll an unimportant question which bears no relevance to the forum. If you are desperate to plaster your signature file all over the place, join lots of Internet forums and just post a few messages on each. With any luck, you will grow out of this time-wasting pursuit before the other forum members form a lynching party.

Don’t Be An Internet Forum Seconder

Have you ever come across Mr Me Too? If you have, you will know who I mean. He is about as annoying as the Internet forum puppy. Mr Me Too will post a response to every thread that appears on a forum. It won’t take him long as he won’t bother to read through the thread, all he will do is add a comment saying “me too” or “I agree”. This gets his signature file posted with the link back to his website and that’s all he wants. Mr Me Too does not go to the Internet forum for entertainment or information or to contribute anything useful. If you are subscribed to a forum thread and receive notification that someone has posted a further message on the topic, it is very irritating to log in at the forum only to find that someone has posted a message saying “me too” or “I agree” just to give his signature file an airing. It is sadly true that the Internet forum puppy and Mr Me Too will get their links on the Internet alongside the forum members who post meaningful messages. When the day arrives that Search Engine Robots are able to distinguish the difference between valuable forum messages and drivel, those two offenders will find that it’s pay back time for their transgressions.

Don’t Attack The Internet Forum Moderators

If you have a message removed or edited by an Internet forum moderator, there will be a reason, so don’t post complaints on the forum. Even if you don’t understand or don’t agree with the decision, there is no point in arguing. Attacking a moderator is like holding up a placard saying “I’m a pest, throw me out”. The moderators are there to ensure the Internet forum is kept to the required standard. Remember that somebody owns this forum and invests time and energy in keeping the environment — well — moderate. The Internet forum is not your private sand-pit, you are a guest and if your behaviour is not appropriate, your invitation to play could be withdrawn. You should also remember that anything you post on an Internet forum will be available for public scrutiny for years to come.

The dictionary definition of the verb to moderate is: “to keep within measure or bounds; to regulate; to reduce in intensity; to make temperate or reasonable”. If this does not sound like your kind of environment, perhaps you should stay away from Internet forums.

Copyright 2005 Elaine Currie

Author: Elaine Currie
Article Source: EzineArticles.com
Provided by: Electric Pressure Cooker

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Internet Business Gurus & List Building From The Start – Learn The Basic Keys To A Profitable List

Oct 17

Posted by Dan Newsh in business | No Comments

A must for the professional Internet marketer is knowing how to build a business list of clients or subscribers that you can mail your affiliate program, product or service.

First you need to Build a Business List of people that want or buy stuff already. You have to ask the right questions when your Building a Business List. 1) Are they buying stuff now? 2) Are there lots of people spending money to reach them? (type the product or service in Google and see who is advertising on the right side). These are ads that people are paying Goggle to run. If you want to sell a how to book ” How to play better golf a-z” you would Google “How to play better golf a-z” then look on the right side and see who’s selling that product. You want to know that purple are spending money to sell the product you want to sell. This will give a you good Idea if your product is one the people are buying now and start Building a Business List. 3 Use ClickBank.com to determine if the market is buying long term and not a fade.

We tested hundreds of Business List Building systems some are good most are old and poor programming. Kevin Sipe who is a SEO expert has his new system that just came out. program makes it easy to make Capture Pages. Type in SEO Capture Pages on a Google search and look for yourself also search under SEO web-site designing.

Here is the Ugly Truth about Business List Building, some people will not buy it (your products- service). Some may never buy your stuff. But almost all of them will buy something at some other time. 1) Treat your list Right, even small lists, they will make you money if you treat them with Respect. Even if you stop Building a Business list if they are a Quality list you can earn from them for years, because they like and respect you as a friend and an Authoritative figure.. 2) Only mail your list cool stuff and things that you would like to receive in your email box. Your list is already getting bombarded with junk mail they don’t want. You want to send them emails that they enjoy opening because your always giving something of Value to them.

OK here is the Big Secret Formula for List Building: 1) Find something that will help your market and will be of Value to your people. 2) You want to offer your list something for free in Exchange for their email address. 3) Do that A LOT! That is List Building 101.

Here are the Mechanics of How Business List Building Works. Send Traffic to your Webpages or Capture page. Offer the Free thing to get their email address and then send them to another page about their free stuff. Some will join your Business list and some will buy your stuff. It’s that Easy.
Here are 4 Big questions that pop up. 1) How do I get Traffic? The big question.. 2) What do I give away? 3) How do I turn Leads Into Buyers” 4) How do I set all the stuff up?

First question Traffic: You either buy it or get it from JV partners. The big boys or the Guru Business List Builders just buy their traffic. Google adwords – Yahoo paid search – Banners – CPM mail drops. 1.) Traffic turns into leads 2.) The leads turn into buyers 3.) The buyers turn into repeat buyers.

When Building a Business List you need to make more money then you spend on leads, so let’s do the Math. 1.) If you spend 10 cents per visitor and you get 100 visitors to you Web Page or Capture Page it will cost you $100.00. 2.) If your Opt In page (Capture Page) converts at 20% (which is about normal for “Cold Traffic” you’d end up with 200 leads from that original 1000 visitors (Traffic). That’s 50 cents a lead per subscriber. Here is the Cool part. OK lets say you convert only 3% of your leads into Buyers in the 1st week of having them. 200 x 3% = 6 sales. If your selling something for $97.00 you would make $582.00. Take out the $100 you spent for traffic and your net is $482.00 minus what you product cost? The Best part is the you still have the list or leads so now you can offer them other cool stuff. There are still 196 people that have not bought anything. Believe me they are as good as money in the Bank. The Internet Millionaire guy that taught me Business List Building made over $1,000,000 on one of his lists of just over 7,000 subscribers the last 2 years. What’s Great is that you already have a net profit from having 6 people buy in the first week you started Building your Business List. Now the list you built is all pure profit when you mail these people in the future with other cool products and services.

Are you in a MLM or Network Marketing company? List Building will help your recruiting big time. One Online marketer I know is very good at List Building. She loves MLM and Internet businesses and by the way she buys most of her leads like I explained above. In one company last year she brought in over 800 personal sign-ups by herself. That’s what I’m going to Teach everyone to do. So now you can run with the Big Hitter List Builders and blow right passed them.

Next Big Question is “What do I give away? 1.) The Old Stand by Free Reports. 2.) Down-loadable Audios. 3.) Videos are really hot. 4.) As long as its something your prospects can benefit from and get Value for, your Good.

Next How do I turn People into Buyers? This is what nobody really teaches in Business List Building. What people even most Gurus don’t realize is the money isn’t really in the list. It’s in the Relationships with your list! Once you Create a Great Relationship with your list, your set for Life!
Simple Steps: Rise above the Noise and Be Different. No Hype Stand up and Step up. Give Excellent Value to your list or subscribers. Be a strait shooter (NO Bull) Help people decide they want your stuff instead of convincing them. Use audios, videos, teleseminars and email to communicate with your list.

Why This Works: You and I primarily Trust two people. A friend or a person of Authority. This is Human Nature and never has and never will change. The system I’m going to teach you does both.
In the next segment of Business List Building 101 we will show you how to set up Auto responders for follow up messages to your list. Also we will show you how to build Capture Pages with our system, it is so easy you will be a pro instantly.

Well this should give you a good start to building your list. I believe that if you do what we tell you to do and stick to it you will be the best marketer you can be. And that’s all you can ask for in the crazy thing called Life. Smile your on your way. And no your not going to learn everything in one day. So relax and work day to day this is called your DMO or Daily Method of Operation.

Author: Dan Newsh
Article Source: EzineArticles.com
Provided by: Programmable Multi-cooker

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What’s A Good Idea For A Business?

Oct 11

Posted by Sherif Ramadan in Uncategorized | No Comments

Any idea can be a good idea, but not every idea is. Before you process that let’s take the following questions into account. Why did Bavarian Motor Works (BMW) decide to produce cars? How did soft drinks become a billion dollar industry? Who would have thought you could make millions off of junk? When did the internet go from the information highway to the shopping highway? Where did Xerox go wrong with computers and what leads some to believe they should have been the personal computing tycoons of today?

An idea can be a first step in a new direction, the dawn of a new era, or it can be the means to failure – or even worse disaster. In the business world, ideas are at a dime a dozen. So it doesn’t mean much to have an idea unless you know how to turn that idea into realistic goals and are capable of designing a comprehensive plan to achieve those goals.

By looking back on a few of the largest and most recognized businesses in the world, and maybe some that aren’t so recognized, and analyzing the ideas that either boomed or bombed their businesses, we can get a clear perception of why an idea isn’t necessarily enough to determine good business.

Bayerische Flugzeug Werke, later called Bayerische Motoren Werke (English for Bavarian Motor Works or otherwise known as BMW), started off by manufacturing aircraft engines in 1916. After World War II the BMW sites had been heavily bombed or seized by the Soviets. The company saw little opportunity in continuing aircraft engine production and eventually lost all interest. However, they kept their, now widely-recognized, BMW roundel, the early trade-mark symbolizing white propellers against a blue sky backdrop. They ventured further into automobile production bringing a long line of motorcycles and cars to the European market. It wasn’t until the 1970′s, however, that BMW succeeded in entering the premium sector of the commercial market with a stride. Today, BMW’s passenger cars are universally known for their sportish-elegance and luxury.

So while BMW started with an idea to make engines for airplanes, they ended up being recognized for their top-of-the-line, first-class, commercial cars. This is one example of why it’s important to shift your strategy, if and when the strategy to utilize an idea fails to render successful. In this case the failure was due primarily to unforeseeable events beyond the influence or control of the company. BMW still stuck with its idea of producing high-grade quality engines regardless of whether those engines ended up in airplanes, motorcycles, or cars. Therefore the idea was neither good nor bad. It was simply an idea, but one that had been applied with the proper strategies.

There are of course many examples of – thought to be crazy – ideas that ended in tremendous success. The Coca-Cola Company, for example, was one to revolutionize the soft drink industry. It was difficult to imagine, in the late 1800′s, that some sugar-water would some day hail a $250 billion a year industry. The idea was perfect. People could go days without food, but water was irresistible. Yet people underestimated the value of water. Economically speaking, people put a greater value on dirt than they do water, but ironically water is the most demanded resource on the face of the planet. So the company supplied that demand – with a bit of an incentive. Don’t just drink water .. drink water that has both a flavor and a color!

Today Coca-Cola is the soft drink giant of the beverage industry producing both carbonated and non-carbonated soft drinks including such products as carbonated beverages, juices, bottled water, flavored water, and teas. Today Coca-Cola has a market cap of $175 billion (USD) and is the world’s largest supplier of beverages.

But those ideas were easy to come up with back then! What could I possibly think of now that hasn’t been thought of already? It could be argued that those examples neglect to tackle contemporary competitive thinking. However, it’s still common today to find new and creative ideas that some businesses haven’t utilized or adapted effectively.

For example, an 18 year-old Canadian entrepreneur, Brian Scudamore, got an idea to make money off other peoples’ junk back in the 90′s. He believed that people would be willing to pay good money to dispose of old junk they no longer wanted around. He also believed people tended to dismiss those who weren’t very presentable from intruding their personal space. So he rented new trucks, gathered a team of cleanly presentable workers – dressed in navy pants and royal blue shirts – and began his business franchise 1-800-Got-Junk? The company collects fees for hauling junk away from your designated location. Everyday thousands of people call in to have large blue trucks come and pick up their old junk and haul it off.

The franchise now operates in 250 locations across North America and Australia pulling in more than $12 million a year. His idea was unique because of both its originality and creativity. Brian found a demand in the market that needed to be met and supplied it in a manner that would befit his overall business objectives, which is critical in business decision making.

As most of you may already know the internet was originally a, technology initiative, government funded project started by the United States department of defense in 1957, and came to be known as the ARPANET (short for Advanced Research Project Agency Network). Later the term ‘internet’ – as we now know it – was coined.

So how did the internet come to be renowned as the ‘information super-highway’? This was because the ARPANET was soon after taken to universities for further research and development. Over the years the department of defense began to slowly withdraw its grasp and military interest over the ARPANET, but continued to fund the project for some time.

After the first transnational link was created educational institutes from the U.S and Europe began communicating over the internet and the exchange of information became quick and apparent. Researchers and scholars of universities in both the United States and Europe were in data crossfire frenzy, shortly there after.

But the idea behind the internet then grew on a whole new level. While researchers were busy developing protocols and programs, the business world began to see new opportunities opening up. It wasn’t until 1994 that the internet began generating ecommerce transactions. Today almost all major businesses are e-oriented and many organizations operate entirely over computer networks (internet, intranet, and extranet).

While the idea, behind the internet itself, was a spin off from growing military interests, in advanced communications technology, it somehow evolved into a new platform for businesses to benefit from.

Pizza Hut’s decision to offer order placement through its website on the world-wide-web in 1994, for example, would not have been likely had interventions not been made by companies like AT&T and MCI to develop high-speed backbones that led the internet to be facilitated by a massive number of growing hosts.

So good ideas for a business or business-oriented initiatives are dependent on our ability to realize potential and effectively seize the maximum benefit from that potential. Such was not the case, however, for Xerox in the 1980′s during the personal computing boom.

Usually we recall names like Apple computers, IBM and Microsoft when we think of how computers came to be of pivotal personal use today. Little is recognized, however, by the Xerox Company’s contributions to the modern computer.

The name Xerox merely brings to mind photocopy machines and fax paper. On the contrary, Xerox holds credit to many of the most basic modern computer technologies such as the mouse, the graphical user interface, Ethernet, and the laser printer – to name but a few. Palo Alto Research Center (short for PARC) is a wholly owned Xerox subsidiary and was largely responsible for the birth of Apple’s ‘Lisa’ computer model.

The idea of creating a graphical user interface, using a mouse to better navigate that interface and adapting – what we now refer to as basic functions of any computer program – features like menus, windows, and icons was nothing short of genius.

However, the company’s top level management failed to turn that idea into a business-oriented objective. The project later moved to Apple computers along with some of the personnel who worked on the technologies in PARC. Then Microsoft used the same idea to build its dominant computer operating system (Windows), now estimated to be used by more than two thirds of all computer users.

Xerox did not realize the potential behind PARC’s idea. They failed to seize the maximum benefit and so they believed that it was not a good idea for business.

The ability of one business to use the same, or a similar, idea of another business through different strategies clearly draws the line between mild accomplishment and ground-breaking triumph in this particular example.

Basically any business idea is the stipulation of a goal met by certain challenges. Your ability to fully realize potential, conceptualize future challenges, lay a plan to overcome those challenges, and achieve your goal is essential to what sets a good idea apart from a bad one.

If an idea suddenly comes to you and you slowly begin to realize the challenges involved, but are unable to attain realistic solutions or alternatives, then it would be best to steer clear of such an idea. On the other hand, if you find your idea growing and new challenges stimulating newer solutions with even better outcomes then stick with your idea. Any idea can be a good idea, but not every idea is good for every business.

Author: Sherif Ramadan
Article Source: EzineArticles.com
Provided by: Mobile device news

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Starting a Real Estate Business

Oct 4

Posted by Bill Henthorn in real estate | No Comments

The real estate industry is very sensitive to economic changes like interest rates and the cost of materials in building houses. Interest rates in particular can easily swing the number of sales that are completed during any quarter of the year. Rising interest rates will slow down the sales and falling rates will aid the sales of real estate. This is an important fact in the real estate business as this can absolutely cause rapid changes in income from the sales that can be made.

With this in mind, the time to buy an agency that comes up for sale may be when the real estate business is in the doldrums. A hot real estate market will make an existing firm worth more, as their income will be higher during this period of time. Of course if you follow this course of action, you will have to wait out the slow down in the markets. Another factor in the purchase or start-up a real estate company is the state licensing requirements.

Most states have serious requirements for real estate agents and brokers. Brokers have a much stiffer requirement in most states than an agent. The requirements include passing exams and a fixed number of educational hours for both agents and brokers. There is also a requirement for continuing education. These state mandated steps to a career in the real estate business would have to be met before an agency could be purchased or started. Since this industry is regulated and has strong legal steps to comply with, this licensing plus experience would be an initial step to being an owner in this field. This is not a business that can be stepped into by just paying out some money.

An agent can have the goal of owning their own firm, but it will take planning and meeting the state rules to make this happen. Once a potential owner has these steps out of the way, finding an existing business to buy will be in order. A quick check of real estate business listings reveals that they are usually found in larger cities and the asking price is significant. There are also resales of franchise companies. Just typing into a search engine, “Real estate businesses for sale”, came up with this quick check. A buyer could also check with business brokers and real estate brokers in their city. Another source worth checking out would be a franchise connection. An in place real estate business is advantages as the name is already known and will get clients due to this. When you start a company from the ground up you do not have this advantage. An existing business with several locations will come with a higher price tag than what you could start your own business for.

Another way to gain ownership would be buying into an existing business. This could work if you have a solid relationship with the current owner. The problem is you will not have the final say in most decisions unless you are buying controlling interest.

Specialty real estate firms

Most people think about a firm that helps with the buying and selling a home. There are several other areas of specialization. A real estate firm could become expert in buying and selling commercial property, farmland and farms, farm product processing plants, rental properties and shopping centers. Actually a broker could cut out a niche market from many that are available in the real estate business. If you have an area of expertise, this could become something that could be marketable and cut out a lot of competition in certain situations. Some real estate firms have unique departments that handle certain types of real estate marketing. The decision you must make is what kind of a firm are you going to own. You may have to start your own in order to make it happen.

You could also get into real estate management and the buying and selling of these rental properties, which is a very unique part of the industry. Shopping center related firms could be in from the start of a project. They can help with the formation of the firm to build and own the property and then handle the rentals and day-to-day management of the center.

The point of all of this is there are areas of real estate specialization that lend themselves to a business that just works in this real estate category.

Finding the money to make your dream happen

You may not have the total purchase price for an existing business. The question is how do you come up with the balance to make the deal. Finding a source to lend you the money is one way to come up with the needed funds. There are businesses that offer loans to new owners of businesses. These can be found on the Internet by just doing a search. Family and friends could be another source of money. One way to get the needed money is to take in a partner for the business. If you have a friend in the business maybe they would be interested in owning part of the existing company. All of these possible money suppliers will have different requirements for paying the money back.

Make sure you can see your way clearly on how you will accomplish the pay back. This business can be adversely affected by interest rates so you would need a second way to make the payments. A person thinking about ownership in this field must remember that it can be feast or famine as far as sales and commissions go. This is not like being in the restaurant business or owning a printing company. Successful brokers can make considerable money in a good market. They can also have periods that are very tight as to sales. The brokers that succeed have a policy of putting away some of their earnings during good times to cover the less profitable times. Doing this just shows the broker has a realistic view of the business.

Conclusions

This business can be extremely profitable during low interest rate economies. The legal and state requirements make the ownership of a brokerage firm more difficult to own than is the case with other businesses. Buying and selling a real estate business is somewhat more difficult due to the restrictions that are placed on the owner of a real estate firm. You must have the appropriate licenses in place before you can begin operation. This is true whether you buy a company or start one up from scratch. Finding a firm you can afford will take some time and research on your part. Hiring a professional business broker may speed up the search.

Deciding early on if you want to be a specialist will set other decisions in place. Niche areas that you are an expert in will help cut the competition somewhat. A general real estate business will have the potential for more clients, but will need and ongoing advertising campaign to gain listings and clients looking to buy. The start-up is cheaper to open, but will have little cash flow like an existing firm. Money flow is the one huge advantage buying an existing business offers to the new owner.

And now I would like to offer you free access to information on a powerful integrated system of marketing, sales & advertising so you can thrive instead of survive in today’s economic environment.

Henthorn is president of Spiral Marketers, a marketing firm which includes a number of partnerships that range from cutting-edge software development, business and personal improvement coaching, online e-commerce businesses, and more.

He was formerly was president and principal broker of a resort / commercial real estate brokerage in Honolulu which specialized in representing sellers in transactions up to $50MM.

Learn how to turn $1 into $6 all day long now:

Do you want your brokerage to be successful – regardless of “the economy”? Get tools for growing real estate brokerage sales, marketing, advertising, and public relations to boost brokerage success

Author: Bill Henthorn
Article Source: EzineArticles.com
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