1 Jan
A Few Good Reasons For Women to Start Small Business Franchises
Posted in Business by video 18 CommentsQuestion about business
Is a Business Statistics course the same as a Regular Statistics course?Hi.
Is a business statistics course considered equivalent as a
regular statistics course in college?
In other words, if a student wants to earn a bachelor's degree
in business and the school that he is enrolled in requires him
to take a business statistics course, would he meet that requirement
if he took a regular math statistics course and not a business
statistics course? Have a nice day.
Only 50 years ago, not a single female was to be found in the world of big business (other than reception and administrative roles) but today, roughly half of all American business management positions are held by women, according to the Labor Dept, and the Center for Women’s Business Research claims that about 40% of all privately owned firms are run by women. What business professionals and market analysts have both been realizing over the last few years is that this influx of women to the marketplace has great influence on business, the economy, and the growth of our nation as a whole.
On the surface, just the ins and outs of daily business, analysts have found an abundance of factors that make women at least equal to their male counterparts in the ways that they manage their businesses. A study of business executives conducted in 2000 revealed that employers, coworkers, and subordinates all rated female executives higher on a basic performance evaluation than they did male executives. According to a 2000 BusinessWeek article titled “As Leaders, Women Rule,” the researchers stumbled onto the findings entirely by accident, as part of an ordinary performance review that initially had no intent to find gender trends. The results that they found, though, confirmed what businesspeople had long been saying: women are more collaborative, more communicative, and less prone to egotism than their male counterparts. What it all boils down to is that the average woman in business is more likely to pursue the benefit of the company over personal gain or bravado.
That is one of the many reasons that it is such a good idea for women to start small business franchise: they’re wired to succeed in different ways than men. Though a franchise like INTERIORS by Decorating Den is designed to provide greater opportunity for success than any other kind of startup business, it is still vital to the success of the operation that the franchisee lay her own ego down for the good of the business, whether that means calling on others for design help or admitting to clients when an order has been delayed and offering a discount in order to keep the client’s business.
Especially when it comes to home based businesses, clients very much like a business owner who maintains frequent, honest communication with them about the status of the job. Though a Blue Coast Financial Group franchisee could potentially see things only in terms of dollars and cents, the financial success of a client’s business is very personal to the client. Therefore, a helpful female Blue Coast Financial Group owner who can communicate person-to-person instead of business-to-business, putting herself in a position to help the client and not simply profit from a transaction, is of great assistance. As a whole, women are just better at seeing people rather than merely seeing tasks.
Interestingly enough, although managerial women in corporate America are sometimes held in higher regard than men, they still often do not ascend to upper-executive positions within their corporations. Some hold that this is because women, despite having the same business degrees as the men, are often set on career tracks that don’t have direct access to the higher echelons of the business world; frequently finding themselves in Human Resources or Public Relations, they get stuck beneath a glass ceiling.
However, with the business opportunities that a work at home franchise can provide, that ceiling doesn’t have to hang over a female entrepreneur. Though a Glove Lady or CompuChild franchise business may not grow into a nationally acclaimed corporate giant, the female franchisee is always at the helm, and that means that she determines how many employees she has, how the business is run (within franchisor standards, of course), and what roles she plays within its daily operations. And with such entrepreneurial experience as the CEO of her own business, should she ever decide to move into the corporate realm, she will have the experience to step out of HR and PR into more executive positions, because she has proven to have a knack for running a successful company.
According to a study in The Global Entrepreneurship Monitor 2000, adding to the number of female-owned firms is vital to the growth of the American economy, and ultimately, America’s population. From a study of 21 nations around the world, their conclusion was that increased entrepreneurism is the biggest boost to any national economy, and economy is the single most important factor in population growth. And being that fewer women are entrepreneurs than men, getting the number of female business owners up is a prime method of building both the economy and the population.
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nacao
on January 1 2010
China is really taking this advice to heart. Even now the Chinese government is investing heavily in the African oil and minerals sector, using their expertise to help African countries upgrade their infrastructure (roads, electricity, pipelines etc.), and providing cheap capital for African countries to exploit and grow, thereby making many friends and allies in the process. China is helping them grow, gaining strong geopolitical influence and privileged access to growing markets.
guzen
on January 1 2010
Well Said!!
JJ
on January 1 2010
you've got it back to front. First you look for a niche in the market that needs to be addressed or you note a shortage of demand. If you are not addressing these keep your money in your pocket.
Business opportunities come from hobbies expanded, new technology (e.g. become the Blue Ray expert), niche markets e.g. something a cultural group wants or needs, changes in law create opportunities for experts to emerge, changes in demographics e,g, more children in the area.
Look around. Ask people around you.
How to start will depend on the idea – some businesses start part time until they get enough customers to move on – some start as web based businesses and others just have to bite the bullet and go bigtime. Whatever you do please do a business plan before you start – work out the details on profitability, time needed to make it work etc before you commit any money to the idea.
Need a great business plan format try. http://www.australiansmallbusiness.com.au/Easy-Business-Plan-Pack-p-16143.html
Chev
on January 1 2010
Hi,
i have found a site to be usefull, just check this out
Wayne R.
on January 1 2010
Yes, the courses you speak of will help you to become a Business Analyst.
A BA can be on the client side or the IT side. If on the client side, they are interfacing with work group domains that process the work and review what they need. They generate requirements and then work with the IT side to update or generate processes and applications to fullfil the business needs.
If you're a BA on the IT side of the house, then you're taking all the requirements and developing processes and application solutions. Your job is to work with the client to generate a business solutions document (there are many names for it) and get signoff. Then, you need to make sure that solution becomes reality by working with systems analysts, programmers, and testers. You're generally responsible for the delivery of the solution. Although, if the solution revolves around process changes with other work group domains, you normally work with a PM (Project Manager). Never the less, you have end to end responsibilities for the IT delivery to insure the client gets what they need (and paying for).
With the offshoring of work to cheap labor, to remain associated with software development, the BA role is a good profession.
earthlink
on January 1 2010
My reasoning may hold very little significance on HERE,but at least people like you are reading it.Whatever you may think might be better, doesn’t change the fact the TALK IS CHEAP!!! I LOVE NGOZI FOR WHAT SHE STANDS FOR,BUT IF SHE REALLY IS DIFFERENT FROM ALL THE OTHER CROOKS THERE HAS TO BE SOME OBVIOUS RESULTS FOR WHAT SHE STANDS FOR!WE DON’T NEED ANY MORE TALKS,and I don’t need anymore talks with you,SINCE YOU SEEM NOT TO REALIZE THAT ANY TALK WITH NO RESULT IS OBVIOUSLY CHEAP.GOODLUCK & BYE
cooolioooo
on January 2 2010
business school is the right field to study, if you choose your college carefully, some have an entrepreneurship track/program
urbantool
on January 2 2010
chinnyization, you have brashfully expressed your thoughts (and I dare say without proper reason). I agree with Bladen12345 that your argument is very weak. You obviously have misunderstood Ngozi; she is making a point on the power of foreign direct investment. I am sure that she pointed out that african governments have their failings, but her aim is to illustrate the wisdom of higher FDI as a better means of aiding africa as opposed to ‘Charity Aid’.
corpo
on January 2 2010
You’re an idiot.
Shut up and get out.
rails
on January 2 2010
The Africa of put the white man out and let the chinese in and embrace the muslim and now they want some chinese out and the muslims are slaughtering the black africans and as always the rich forget the poor that is world wide
SarahR
on January 3 2010
Hiiiiiii..
I think you have to choose the Marketing section in Human Resource Management(HRM) because in marketing you get the nice job in the good reputed company on a high post..
Ken
on January 3 2010
You need to keep accurate records when running a business. This will be your best defense if you ever get audited.
For IRS purposes, you need to make a profit every 3 out of 5 years to have the IRS prove that you are not running a business. Otherwise, it is up to you to prove that you are running a business and not doing a hobby. You can prove that you are running a business by keeping your business accounts and personal accounts separate.
You can write off any legitimate business expense including dinners with clients, car expenses, equipment, etc.
Having a separate checking account and credit card is a good idea. However, it isn't necessary. You can comingle your business and personal expenses using your personal accounts. But, if you do this, then it will be harder for you to prove that you are running a business.
For your revenues, you don't need a corporate account to make you deposits. You just need to make the deposits in your separate account that you use for business.
You can read Publication 334 for more information.
psychic
on January 3 2010
Sorry Mrs Ngozi, you’re well educated, but Nigeria is a s***hole. The corruption is deeper than a black hole. Maybe, just maybe, if Nigeria started with something as little as (um… i don’t know) STABLE ELECTRICITY???
I don’t know how a nation is meant to develop, let alone tackle corruption if the electricity is constantly being switched off on random daily basis. Start with a stable power supply and then i’ll take you seriously.
Austinite
on January 3 2010
You can't post a Proposal for Sale of Business here. It is a comprehensive document similar to a business plan with dozens to hundreds of pages. Contact a broker like VR Business Brokers and see if you can get help. Yours is a unique business driven by personal contacts and is not easily sold.
The Invisible Woman
on January 4 2010
The requirements vary according to your state. Call the business license office for your county and just ask them if you need a business license to operate an internet store. I live in Georgia, and in my county, you do.
Mikelo
on January 4 2010
How about a book store, if you are looking retail?
I cant say if it would work in your town, you need to do marketing research to see what would succeed in your town.
Also in business .. Location, Location, Location is VERY important to success .. not only do you need the right business, you need the right location ..
Passion, YES .. you do have to work long hours but passion because you believe in what you are doing.
I work from home and have the utmost compassion and belief for what I do, I believe that is what brings me success ..
If you don't like books, don't like to read .. then a book store probably wont make sense. Did deep .. Only you know what you really want to do.
GL!
truth
on January 4 2010
You have just proven my point.Two sentences to show that you have nothing more useful to say and I suppose this discussion ended when I said BYE Earlier.Wishing you Goodluck and hope you somehow get out of your IGNORANCE,DENIAL,ARROGANCE,AND SELF HATE.I STAND BY MY OPINION,NIGERIAN GOVT.OUGHT TO DO MORE!!! IF THAT ANNOYS YOU WELL GET OVER IT AND STOP PRETENDING THAT THEY ARE DOING ENOUGH.I STRONGLY SUGGEST YOU FIND A LIBRARY AND EDUCATE YOURSELF A LITTLE MORE.SINCE BUYING BOOKS MAYBE EXPENSIVE.
jpro
on January 4 2010
Your reasoning is fairly weak. Ngozi explained it well and I think a lot of people understand, because I sure did.
What you need to come to terms with is that your views hold extremely little significance here.