How can I start my own bicycle repair shop? Will it be a good idea to specialize in repair rather than retail and repair? Is it a good idea to open next to an existing bicycle shop that sells and repairs bikes?
I was hired by a small franchise to help a failing store. The one problem is that you can clearly see that the managers are the reason for the failure. How can I motivate them to help me fix the problems?
Our franchisee fee is $25k and is due to the franchisor once we sign up. My husband is under the impression that we pay that fee prior to closing on our business loan. But, we need to put 20 percent down to receive the business loan--if we pay out $25k to the franchisor prior to putting the 20 percent down for the loan, we will not have sufficient funds to put down for the loan.
I have this great idea for a restaurant that I'd like to start and franchise. I have experience working in a restaurant but not running a business or starting a franchise so I'd need some help. Where should I start?
I'm trying to evaluate various franchise opportunities. However, obtaining information about profitability and how soon a franchise becomes profitable seems to always involve the tedious process of filling out an application and a questionnaire, waiting for the franchisor to do a credit/asset check and going through everything else they require to determine if you are "worthy" of doing business with them.
I live in a mixed-income area that has no major supermarket. The population in this area is mainly made up of African-American families with children, some Hispanic families with children, and a moderate elderly population. The nearest supermarket is a few miles across town, and since some of the residents in this areas rely on public transportation, it's harder for them to get to the store. I want to open a food bank where the residents can obtain free food on a weekly basis. This will also help residents who don't qualify for food stamps, who lost their benefits, and those who live on a fixed income. Also, can I start this as a home-based operation?