Deciding On How To Finance A Franchise Canadian Franchising Business Loan Info On Financing And L

Not only do you want to have a solid plan when you want to finance a franchise in Canada – it sure helps when that plan makes sense for the business financing loan / loans that you need!

We think that most Canadian entrepreneurs who are either first time franchisees or perhaps are adding another location to their business would agree that its not as important as to where the franchise lending and business funding comes from, but that you get the full funding at terms that make sense for you personally .

Let’s examine some of those key decision points and requirements that you need to fulfill a proper franchise financing solution in Canada.

We think that a lot of franchisees are sometimes overly focused on ‘ the interest rate ‘ when they are seeking a franchise loan. That’s human nature we guess, but the reality is that the loan is simply commensurate with your overall credit quality and in line with the types of financing that are out their in the Canadian business financing market – unfortunately that market for new franchisees is somewhat more limited that in the U.S.

In Canada franchises are financed really in only 3 or 4 different manners — actually 5 we could say if you considered financing the whole franchise yourself through personal savings.

While that might seem a good idea we think in many cases it is not for a variety of reasons – i.e. collapsing personal investments and savings and assets when you don’t have to cant be an overall great strategy. We spoke awhile back to a franchisee who had pledged and used all his personal assets to acquire a franchise – business was slow, and he was unable to secure additional outside financing to re- boot the business because all his personal assets were pledged/gone. Bottom line, not recommended!

So the question then becomes as to how you decide to finance a franchise once you have made that acquisition decision. We’d like to share a couple key points. First of all, whether it’s a franchise or any business whatsoever, it’s financed by two guys, debt, and equity; i.e. what you borrow and what you put in yourself. Spend some time determining the optimal mix and you will best be able to gravitate to the right financing strategy.

In Canada these days we see franchisees putting in anywhere from 10 -50% as their personal investment into the business. Whats the perfect number? The reality is there isn’t one, because each business requires a different amount of financing and has a different mix of assets and financing needs. The key assets and financing needs in franchising are all your initial soft costs, such as the franchise fee, and then comes your costs to open the door, often called the ‘ turnkey ‘. That turnkey component consists of equipment, leaseholds and opening working capital.

We spoke of 4 methods of franchise financing in Canada .Those are as follows : Specialized commercial finance firms that have dedicated franchise finance divisions , Equipment financing, Working Capital term loans as a supplement to your overall financing, and finally the BIL/CSBF loan . The latter is the government SBL loan that is used by hundreds, probably thousands of franchisees to acquire their franchise. It only has one or two limitations, one of which is that it caps out at 350k, but that certainly covers a lot of franchises in Canada in different industry segments – examples restaurants, service businesses, etc.

So, today’s bottom line? Simply that spending some quality time early on in the process in understand which of the 4 options makes sense for you is a valuable investment. That time, coupled with your business plan and financial projections will help you ensure that you have the right mix of financing solution, as well as a properly chosen business loan strategy for your franchise.

Speak to a trusted, credible and experienced Canadian business financing advisor on how to best decide which financing mechanism works for you.

The Truth About Automotive Repair Shops

Lets face it entrepreneurs only start a business for one reason to make money. Why would someone go through all the expense, risk, and pain of starting a company if there wasnt hope of significant reward? Im not saying that everyone is money hungry or greedy, but I am saying that a business is there to make money.

An automotive service shop is a business. In order to keep running, they need to make money. Most shops employ a salesman, also known as a service writer whose primary duties include writing up customers, communicating between the customer and the mechanic, some even inspect vehicles with the technicians, and most importantly, selling service to ensure company profitability. Like any good salesman should, they will befriend you and recommend services to “help” you out.

Heres what most people dont know about service advisors they are paid in commissions. Like any other salesman, the more they sell, the more they get paid. Thankfully there are a lot of good people out there who truly want to do you right and keep your business. However, for every honest automotive service representative thats out there today, there are 9 more that only care for their paycheck.

The U.S. Economy has seen better days. Unfortunately, as money becomes scarce, more people will result to any means in order to make a buck. Look at the rise in scams taking place today. A prime example is the lottery scams where you receive an e-mail or telephone call saying you have received a large sum of money, but you must send money first to receive your fake “winnings”. Or the latest “loan scam” where a company says they can loan you around $5,000 with bad or no credit, but you must pay the first few payments up front.

The BBB (Better Business Bureau) was developed to protect consumers from businesses that have repeatedly done customers wrong. Also, some states such as California took it a step further and developed the BAR (Bureau of Automotive Repair), to protect consumers from shady shops. Unfortunately, these services usually only catch the worst of the worst, and a lot of shops still get away with bad business.

So what can you do to protect yourself? Find a shop you are familiar with or that has a good rapport with their customers. Even though it can be time consuming, shop around for pricing to keep them honest. Research and come up with a service plan that suites your needs. Lastly, always get a second or even third party opinions, even when it comes to that mechanic you have known for years. Or if you would prefer a professional to protect you when it comes to maintaining and repairing your vehicle, seek out a company like Auto Service Security. Spending a little extra time, may save you a lot of money and hassle.

Cnc Machine Tool Industry Development Plan To Be Implemented

Tool is the basic means of production, equipment manufacturing, machine tool industry is a country’s infrastructure and strategic industries. Electromechanical integration equipment, which, as NC machine tools, assembly efficiency, flexibility, precision, complex, integrated many advantages in one, has become the main manufacturing equipment as of processing equipment and machine tools market mainstream.

2004 11 13, Premier Wen Jiabao held in Liaoning business executive forum clearly states: “machine is equipment manufacturing machine tools to realize the modernization of equipment manufacturing industry, depending on the level of development of China’s machine tool . revitalize the equipment manufacturing industry, the first to revive the machine tool industry, we should vigorously develop China-made CNC machine tools. “Earlier, Premier Wen Jiabao and other state leaders have issued a directive: to in-depth study based on the development of domestic machine tools, CNC machine tools in particular the planning and policies to improve the level of China’s manufacturing industry.

Leadership of the State Council on development planning, the development of CNC machine tool instructions to speed up the spirit of industry in national development committee under the auspices of the Secretary, June 23, 2004, complete the “Special Plan for the development of CNC machine tool industry,” comments draft. July 13 ~ 14, hosted by the National Development and Reform Commission, China Machine Tool Industry Association of specific organizations, held a “special plan for the development of CNC machine tools forum” to hear the views of business representatives and experts and, based on feedback as further revision. October 2004, the special plan was finalized.

To gain time to revitalize the machine tool industry

Recently, the Director General of China Association of Machine Tool length of Satisfying the “CNC Machine Tool Industry Development Plan” of the core were described as follows: “The central idea of this plan are: to support the implementation of industrial policy, through fiscal, tax, credit and other support for the development of CNC machine tool industry; play to market on the role of resource allocation, speed up industrial restructuring and optimization; implementation of the key technological transformation and building 10 to 20 CNC machine tools and functions of parts manufacturing base, increase popular type domestic market share of CNC machine tools; strengthen the research and development capacity-building and support projects, highlight the development of research priorities, to improve aviation, national defense and war on the high-performance CNC machine tool manufacturing industry satisfaction in order to achieve a strategic breakthrough in CNC machine tool industry. ”

To rejuvenate the equipment manufacturing, machine tool industry is bound to go ahead. Satisfying that start as soon as possible, “CNC machine tool industry development plan” is actually for the machine tool industry for the revitalization of the time, the development of China’s equipment manufacturing industry to provide a wide range of large CNC machine tools strategically positioned. [Key words]: CNC machine tools Machine tool Equipment manufacturing Comment Large In Small

Unorganised Retail Sector To Achieve Success Soon

With the unorganised retail sector set to touch $496 billion mark in 2011-12, small and medium enterprises (SMEs) in the sector can hope for a better future. According to a recently conducted survey by Delhi-based Indian Council for Research on International Economic Relations (ICRIER), the unorganised retail sector is projected to grow at about 10% per annum in the coming years. The growing unorganised retail market is expected to encourage new small scale players to venture into this space and carve a niche for themselves.

The study by ICRIER also indicates that despite the impressive growth of the organised sector, the unorganised sector, mostly dominated by SMEs, will continue to remain pertinent across the country. Even though ever-increasing shopping malls and branded retail outlets are making it difficult for small retail stores to survive, these outlets have continued to maintain their stronghold in the domestic market.

The high retail growth envisioned by industry experts and research firms has further prompted SMEs in the sector to embark on their expansion plans, and take advantage of the projected boom. Some of the unorganised retail players have already begun implementing their capacity building strategies in order to reap maximum benefits from the growth. A large number of mom-n-pop stores and kirana stores are planning to put into effect new strategies to gain a significant share of the market and beat competition from the organised players.

Despite the growth predicted for the unorganised sector, there is a need for small players to focus on developing innovative formats and introducing smart pricing policies to capitalise on the sectors growth. These stores should look for ways to create an efficient retail environment and come up with attractive promotional campaigns with the help of smart marketing tools to gain an edge over branded retail stores.

Arseus NV (RCUS) – Financial and Strategic SWOT Analysis Review

Arseus NV (Arseus) is a healthcare service provider. The company operates its business through four segments, namely, Fagron Group, Corilus, Healthcare Solutions (Arseus Dental) and Healthcare Specialties (Arseus Medical). It together with its subsidiaries develops and distributes healthcare products and services for healthcare professionals including doctors, dentists, pharmacists, and hospitals. Arseus offers raw materials, services and concepts, and ready-made products, which are used in hospitals and pharmacies. The company imparts IT solutions to dentists, general practitioners, ophthalmologists and veterinarians, and also dental practitioners with solutions and services such as workflow and practice management, and interpretation. It operates a manufacturing facility located in Switzerland. Arseus Dental is subdivided into 3 divisions, namely, Arseus Dental Solutions, Arseus Dental Lab and Arseus Dental Technologies. Arseus is headquartered in Rotterdam, Belgium.

This comprehensive SWOT profile of Arseus NV provides you an in-depth strategic analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms part of GlobalData’s -Profile on Demand’ service, covering over 50,000 of the world’s leading companies. Once purchased, GlobalData’s highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Arseus NV including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including*,

– Business description – A detailed description of the company’s operations and business divisions. – Corporate strategy – Analyst’s summarization of the company’s business strategy. – SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. – Company history – Progression of key events associated with the company. – Major products and services – A list of major products, services and brands of the company. – Key competitors – A list of key competitors to the company. – Key employees – A list of the key executives of the company. – Executive biographies – A brief summary of the executives’ employment history. – Key operational heads – A list of personnel heading key departments/functions. – Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company. – Key manufacturing facilities – A list of key manufacturing facilities of the company. – Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history. – Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.

For more information kindly visit : http://www.companyprofilesandconferences.com/researchindex/Pharmaceuticals-Healthcare-c13/Arseus-NV-RCUS-Financial-and-Strategic-SWOT-Analysis-Review1.html

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