Steps Involved In Franchising Your Business

Is your business is growing well and you are earning good profit? Are you satisfied with it? I don’t think you would reply positive to this question as a businessman never get satisfied and always look forward to grow and do something out of his business. And this is not as this desire only helps in growing business. You have to regularly target new market to increase your sales as it is must. When you plan to increase the operational area of your business, think about going for a franchise of your business.
Franchising is a nice thing to grow your business and take it to next step by targeting whole new market. But doing everything in a right way and direction is always necessary and this same applies to franchising business. You need to do it right so as to get maximum out of it.

Here are few things that are important for getting your franchise on the right path and you may take ideas from it and manipulate it in your own way.

If you are a businessman then you must know what branding is and how important it is for a business. Here also before opening a new franchise of your business you have to market it and brand it so that people may know that you are welcoming them for buying the franchise of your, already doing well business. If you are already established in a market and have your logo and brand name and people trust your services then you should brand it as it will surely interest new franchisees.

A proper system to do things is always necessary. In franchise business too, you have to make a proper system that new franchisee can follow and take guidance. They need support and training from you so that they can understand your business and follow your instructions and do well. They are generally people willing to have their own business but are lack of ideas or business plan. You are giving them this opportunity. They will definitely follow you and try to implement the same system in their staff.

The franchise agreement also plays very important role in this business. You have to enter in a legal agreement with the new franchisee that will clearly mention their and your rights and duties in this business. It’s important to understand the agreement you will have the new franchisee, what costs you will charge, what percentage of profits or fees will be paid to you to maintain service, support, supply, etc.

You have to do proper planning before franchising your business so that you can do it well as you are doing in your business.

Anurag Nair works as an online marketer for a British based firm and writes regularly on different topics. Now-a-days he is writing about franchising your business.

Doing Business In The Future – Business Process Management

Business Process Management (BPM) is a set of activities performed by organizations to improve or streamline their business processes. Since software tools are usually used to aid these activities, these software tools are referred to as Business Process Management Systems.

– Business Process Management Systems

Business Process Management has been in place for some time now. Due to the introduction of software tools, however, there has been renewed interest in the body of knowledge pertaining to BPM. These software tools make design and implementation of Business Process Management easier, cheaper, and more efficient. There are three categories of Business Process Mmanagement activities – design, execution and monitoring.

1. Design

Designing BPM involves capturing the existing processes in a business environment. These processes must be modeled in a way that they can be simulated and tested. Modeling these processes usually involves graphical representation methods that document the processes and stores this data in repositories.

2. Execution

Traditionally, to implement automation in a business organization, developers would have to be contracted to develop applications that automate certain processes. Unfortunately, the scope of these projects was often too narrow. The result of which is that the automation is not well integrated into the business environment since the automation only deals with a particular department or function. BPMS champions a method that pushes for the development of applications that encompass the entire business process. It aims to fully automate the business environment only stopping to query the user when human intervention is absoultely necessary.

3. Process monitoring

Process monitoring involves observing and taking note of the performance of the individual processes so that evaluation and intervention become more straightforward for the business organization. From the information gleaned from here, the business organizations leaders can make further decisions on the direction the business process takes. The data from this activity can be used to generate different kinds of statistics that are necessary when having to make critical decisions. Business Process Management is an iterative process.

4. The Future

Although BPM strives to automate the mechanical processes of a business, there has been interest in developing BPMs that move into the territory of human judgment. Some of the processes involved in a business environment are not included in the automation because some sort of human decision is needed. With the growing complexity of information systems – especially studies into decision support systems and artificial intelligence – some human decision-making processes can actually be automated. This is the future goal of BPM, to futher automate previously unautomatable processes.

– The Business Process Management Ideals

In 1920, Frederick Taylor outlined three waves of business ideals in managing processes. These waves represented the ways of thinking business process engineers had.

Wave 1. Processes Set In Stone

They are secured in business policy manuals. The manual is the basis of the process, and the organization has to abide by it.

Wave 2. Processes Changed Once In A While

Using a one-time activity, changes can be made. This means that the business would have to build their processes around a fixed system since change can only come once in a while, and at a great cost.

Wave 3. Processes On-The-Fly

The primary consideration in such systems is flexibility to change. Businesses that adhere to this goal create business environments that can adapt to its changing needs. This setup also allows the business to constantly fine tune its operations. This wave is not about business-process reengineering. It is about maintaining an environment that is constantly on its toes, ready to adapt to the circumstance, and maximize its strengths while downplaying its weaknesses.

Change is the only constant, they say. In this modern day and age, this could not be truer. The survival of a business could very well rely on its ability to constantly tweak its processes according to the whims of change. With the growing body of knowledge concerning Business Process Management, the path towards a sustainable market advantage based on a streamlined, flexible business organization can only get clearer.

Its Your Move: The First Step to Accountability

Every place I go, if Im in an organization long enough, Ill hear people lament about the lack of accountability. Specifically, I hear things like: They just dont seem to care enough, I guess. Those action items never get done I dont know why we even identify them. I have trouble getting people to be committed to achieving the things they are responsible for. Everyone wants to blame someone else it is never their responsibility.

These comments come from every level, and they are referring to people both above them organizationally, as well as those that may work for them. In other words the concern is widespread and includes everyone.

People are concerned because a lack of accountability is frustrating, but they also know that tremendous productivity and efficiencies can be gained when more people are accountable for completing their tasks, commitments and expectations.

Accountability is an important thing.

Unfortunately, inherent in most all of the comments above and in the many conversations Ive had is that people think the accountability gap is about someone else. They arent accountable. They need to improve. The focus is on fixing the behavior of others.

While this might be true, this is the wrong place to put the focus, at least at first.

Take a Look in the Mirror

If you want greater accountability around you, start by being more accountable yourself. Before you tune me out, I know what some of you are thinking

Im just a middle manager its not my responsibility.

Im just a supervisor – I cant change it.

Im nobody it doesnt matter what I do.

Maybe you are in one of these roles. Or maybe you are a senior leader, or the CEO. It doesnt matter what your role is or how long you have been in the organization. Let me say it again.

If you want greater accountability around you, start by being more accountable yourself.

If you want to engender and create greater accountability in those around you, you can start by being a good role model. You can be 100% accountable yourself.

Im reminded of what my father often told me: When you point a finger towards someone else there are four times as many fingers pointing back at you.

Being accountable is about figuring out how you can make things better. Other peoples actions arent in your control, and many events arent in your control either, but your response to these situations and events is completely in your control. You can choose to be 100% accountable and responsible for your response.

Some Questions

While thinking about the challenges you face with accountability in your organization, ask yourself the following questions:

What is my role in this situation?

What am I doing (or not doing) to promote the situation as it currently exists?

What about this situation is in my control?

What am I thinking?

What are my beliefs?

What can I do to have an impact?

What can I do differently to change the result?

Asking these questions takes courage, because it takes away your ability to blame others. Asking these questions may be a change of your habits. Asking these questions may be hard, because the answers may require work.

Courageous and difficult, perhaps, but these are the questions of a 100% accountable person.