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Wheel of Fortune is a super-popular game show in the US. Pat Sajak, the host, is very recognizable. He's just become the spokesman-and partner, of a new franchise concept that's trying to take on Groupon. However... Read More

In most industries, operational effectiveness depends on a major investment in fixed assets such as vehicles, specialty tools and machinery, custom equipment, and other mechanical devices. Shown on the balance sheets as fixed assets, these items can represent a large portion of a company’s value.
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Here's the 2nd part of a two-part interview with Carolyn McClure, Senior Vice President, Midland American Capital, a purchase order financing firm. In this interview she gives the 411 on the difference between purchase order financing, Letters of Credit, and receivables financing. Read More

How many barcodes to you see on a daily basis and completely tune out? Scanning my desk as I write this article I conservatively estimate that there are 50+ barcodes & a dozen or more QR codes lying around. I am not just referencing the tissues, the pack of gum, or the name badge from a conferenc Read More

It’s your company—and you’re the one who has the most at risk, financially and otherwise, if it fails. But you’re also in the unique position of setting the tone for what will hopefully be a thriving business.

We asked 12 startup founders: How should startup founders calculate their own salaries Read More

Here's the first part of a two-part interview with Carolyn McClure, Senior Vice President Business Development Officer (Midwest Region) of Midland American Capital, which is one of the few purchase order financing firms in the U.S. In this interview she discusses what purchase order financing is, h Read More

I haven’t been able to locate a franchise business in the US that only accepts cash for products or services. And, I don’t expect to. Credit cards need to be accepted.
An interesting process takes place that enables franchisees to accept credit cards. Here it is. Read More

There are at least 3 things franchise brokers won’t tell you. I’ll reveal the first one in a moment.
But first, there’s something I need to share with any franchise broker who is reading this post, or the two blog posts that will soon follow.
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Small business owners frequently do not have the capital to pursue new venues, and they can find it difficult to secure loans from banks. Startups and entrepreneurs may find many lending doors closed to them when they need it most. Crowdfunding is one way to obtain needed funds to bring your innova Read More

This year’s World Cup, being held in Brazil June 12-July 13, is arguably the planet’s most popular sporting event. FIFA is expected to collect over $4 billion in revenues; however, hosting such a massive event is no easy task and presents a multitude of logistical issues. As we learned from the re Read More