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Selasa, 15 Februari 2022

A Coffee Franchise by the Numbers


A Coffee Franchise by the Numbers

Franchises often make expensive partnerships though many people find them far less expensive than building a brand new business venture. There are still plenty of expenses that go into building a franchise that are often overlooked until too late. Before you even consider buying into a coffee franchise you need to sit back and take stock of your overall financial situation. Business is risky, even going the lower risk route of purchasing a franchise there is no small degree of risk involved that you will lose your investment and perhaps any collateral you had invested in your business venture.


How much cash do you have available to invest in your coffee franchise? Most franchises will require a personal commitment of finances even if you can arrange for a good portion of the costs through financing. The reason for this is that most people are going to work twice as hard when their own money is on the line to make the business a success. It is a sound business move on their behalf and one of the reasons that they are able to become franchises and maintain a solid reputation for quality goods and services.


What is your net worth? There are quite a few bigger named franchises that require you to have a certain amount of net worth before they will even discuss an investment opportunity with you. There are various reasons for this and each company has its own reasons. The bottom line is that you should expect to be asked for your total net worth and prepared to divulge that information when applying for franchise partnerships.


What are you willing to use as collateral in order to secure any business loans you may need? This is an important question to ask yourself. It is best; if at all possible, not to risk your personal home or your family's security (IRAs and 401Ks) to secure the funds needed to buy into a franchise business. That isn't always possible however and extreme caution is urged when doing so. It is best to go into this with your eyes opened to the risk rather than wearing rose colored glasses. You run the risk of losing whatever you use to secure the funds for your business. Are you willing to accept that risk? Is your family?


What money are you going to live on while building your business? It takes a little time to build a steady profit that will provide a sustainable income. Do you have enough money set aside to pull you through the lean months while you are building your business or do you have some other methods of earning income during that important time for your business?


Finances are surprisingly the most overlooked aspect of building a business such as a coffee franchise and one of the most important and necessary for doing so. You need to plan to support your family while you are building your business in addition to having the money that will be needed to start your business in the first place. It takes money to run a business and this is more true in the first few years of your business than at any other time.(red)


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5 Tips for Beginning a Successful Coffee Franchise


5 Tips for Beginning a Successful Coffee Franchise

Chances are quite good that if you are beginning a coffee franchise that you have visions of successful endings and massive expansion swimming around in your dreams at night. These are good dreams to have but do not allow them to occupy your thoughts and dreams at the expense of the work at hand to grow your current coffee franchise business to the point of successful expansion and profit.

1) Study all aspects of the coffee franchise before deciding to buy. In fact, study the big picture for several different franchises before you decide to buy. What looks wonderful on the surface may look completely different upon deeper inspection. This is definitely true of businesses that you are considering as an investment. Do the numbers and pay attention to the type of support that you should expect from the franchise partner. In fact, it's a great idea to talk to others who own coffee cafes within the franchise to see how supportive the partner company really is when it comes down to it. You might be surprised and amazed by the companies that have a tendency to leave their store owners hanging and those that are very supportive of store owners and work to help make the success mutual. Go with the companies that not only meet your criteria but also work with you to help you achieve your goals.

2) Plan to work your business. This is important at least for a little while because you never know when you'll need to be able to work your business. Stuff happens in business and no matter how great you think your staff may be you never know when you will come across a staffing crisis. Be prepared to work your business if necessary in order to make it successful. In fact, working alongside your staff is a great way to build their confidence in you and make sure that everything is on the up and up.

3) Put money into your business. It takes money to make money and if you are pulling all of the profit out of your business and not investing at least half (though preferably more than half) into growing and expanding your business you are doing yourself and your business a great disservice.

4) Appreciate your staff. A little appreciation goes a long way to instilling loyalty from your employees. Set goals, give awards (and praise), and build a team of staff. You will find that by doing these things you are creating a loyal staff and a great working atmosphere.

5) Serve your customers. Repeat business is the bread and butter of any retail or service industry establishment. It takes a lot of effort on someone's behalf to get the customers to walk in the door and very little effort (or a distinct lack of effort) to insure that they will never again walk through the doors of your business.

If you make these five tips a priority in your business you should have the success you are dreaming of.(red)


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Finding Great ATV Trails

Finding Great ATV Trails

Seru TV - Once you have purchased your ATV, you will probably want to find new places to ride and explore. Unless you are lucky enough own lots of land on which to ride of have a friend who does not mid the use of their land, you will eventually look for local trails to explore. There are many different types of trails, some you can make a day trip of and others that are perfect for a weekend excursion. Unless you live in the middle of the city, chances are that there are many different places for you to ride your ATV in your area.

If you have just taken up the hobby, you may not have many resources available to find the perfect riding spot. There are ways to locate local riding trails including ATV dealerships, local ATV clubs and even online. Once you have found your perfect riding spot, you can enjoy the outdoors on your ATV.

The place you bought your ATV is probably a good place to start your search for riding trails. Your local ATV dealership or shop can usually tell you what is around and advise you on local rules and regulations. Most of the time the people who work at the ATV dealership will have a passion for riding ATV's and will know about local trails and ATV events. Be sure to enquire about all the opportunities in your area when your purchase your ATV.

Some dealerships will even post information about trails and events in their shop on bulletin boards on online on their websites. You should check back to see if any new information is available about places to ride.

Most areas with a good number of ATV enthusiasts will have ATV clubs. ATV clubs are probably the best place to go for information on ATV trails and events. They will have information about racing, organized events, and know the best places to go. You can even organize a trip with more experienced riders if you are a beginner to gain practice and learn good riding technique. The All Terrain Vehicle Association (ATVA) has local chapters around the country. If you want to know if there is one in your area, just do a quick internet search.

You can also use the internet for a source of information about great places to ride. ATV forums and websites may have information about ATV trails in your area. You may not always be able to get local information depending on where you live, but you can gain wealth of knowledge and advice. You may get lucky and connect with a group in your area that knows of places nearby that you can ride.

When looking for ATV trails, you should be aware that most places require riders to use the proper safety equipment and respect the trails. ATV trails are great places to ride and provide enjoyment for both beginners and experts alike. The various riding conditions provide fun and excitement and will help to develop your riding skills.(red)


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Differences between Utility and Sport ATV’s

Differences between Utility and Sport ATV’s

Seru TV - At first glance, it’s easy to tell Utility and Sport ATV’s apart, and many people will eliminate one class of these quads solely on appearance.  However, other than size, there are some important differences between Utility and Sport quads that you might want to take into consideration if you are looking for a new ATV, or the next time you go riding.

If you’re looking to do some work, or take a quad deep into uncharted wilderness, a Utility ATV with a winch is probably the best choice for you.  Although Utilities are perhaps not as extreme as a Sport quad on level ground, Utility quads can crawl over or through terrain and mud that would swallow a Sport quad alive.  Although the additional size, weight, and low end torque, not to mention the optional four wheel drive, give utility quads a huge edge in dicey terrain, there are many other features that allow a Utility get through the really rough stuff.  Many Utilities have a locking differential to climb out of deep mud holes and other situations where traction is a problem.  

The differential will either make all the wheels turn at the same speed or shift torque to the wheels that aren’t slipping.  Most Utility quads also have independent suspension on all four wheels, allowing it to keep in contact with the ground and keep you in control no matter where you’re at.  In most utilities, the suspension is tuned to give a soft and predictable ride that insulates riders from bumps in the trail.  These features draw many people to Utility quads, especially if they plan on using it for hunting or work around the farm.  However, many people overlook Sport quads, even though they may be more suited for their riding style.

If you want to have the power and performance to simply pull away from your buddies on the trail, or carve a corner like you never thought possible, you should try a sport quad.  Sport quads are engineered for quick acceleration and bursts of speed.  Sport quads are designed to be run hard for optimal performance, and can stand up to hours of high-speed riding.  

The gearing is aggressive and the suspension is stiff for digging into corners, which is one of the complaints that many people have about Sport quads.  However, you can adjust the tension and range of your suspension to give you a stiffer or softer ride, but if you soften the ride you will inevitably get more body lean and less performance.  One factor not to be overlooked is the ease of getting a Sport ATV airborne and landing it gracefully.  Some people can land jumps that put them over 100 feet in the air or do a back flip with small and maneuverable Sport ATVs.  Although you may not feel up to flipping an ATV under any circumstances, hitting jumps is a lot of fun once you get comfortable.  

Utility quads were originally designed to be worked, but recent years have seen Utilities get a lot sportier and more suited to recreational riding.  Sport quads are also getting more user friendly, which gives them more appeal.  Although each category of ATV has its advantages and disadvantages, in 2006 Yamaha made a very successful attempt at bridging the gap between Sport and Utility ATV with their 450 Wolverine, which combines the best features of both classes of ATVs.  It is a light ATV with sport-like handling, but it has four-wheel drive and is balanced for high speed performance, but has the comfort and low-end power for rough terrain.  

Essentially, Utility and Sport quads have different angles on how to have fun off-road.  Sport bikes are designed for all-out speed and handling, while utilities seem like a Cadillac in comparison-they’re bigger, heavier, slower, but much more comfortable to ride.  The type of ATV that is best for you will depend on your riding style, and how far you want to push you quad and what kind of obstacles you want to use to test the limits of your quad.  However, with the popularity of Yahama’s Wolverine, you can expect to see several crossover ATV’s in the next couple years.(red)


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