In a society that feels moribund, where the current government is sinking deeper into the morass on such huge societal problems as retirement, health care and climate, a lot of the real change has been coming from entrepreneurship. Is there any wonder, then, that agents of social change are borrowing concepts from entrepreneurship and even the word itself to describe themselves?
Entrepreneurship used to mean this: “The activity of setting up a business or businesses, taking on financial risks in the hope of profit.”
The idea of entrepreneurship had already been evolving, as some people divorced entrepreneurship from profit. There were social entrepreneurs, who were building enterprises with double bottom lines. Now, we’re watching the concept of entrepreneurship transform, again. Read more.
Seeking experienced restaurant operators & general managers for a number of emerging brands… proven business models, major & secondary markets, various investment levels, single & multi-unit development, partnership opportunities available! If you’re interested in learning more please request additional information at firstname.lastname@example.org. Thank you!
Franchising is a strategy in which it uses other people’s money to grow and expand without giving up control or equity in the original business. In franchising, the franchisee pays to the franchisor a franchise fee plus a percentage of the top line revenue which is commonly referred to as a royalty. Additionally, the franchisee provides the people power behind the daily operations as well and it allows for the brand to expand at a more expeditious rate.
Franchising a restaurant is a big step for any owner at any stage. It takes time, patience, and hard work. It is important to remember that franchising is a business and, much like any business, it generally does not happen overnight. Read more.