Tag: entrepreneurship

Cities For Investors Tom Leydiker

Cities To Seek Investors

Global city investment profiles vary from country to country and from city to city. Entrepreneurs targeting establishing business startups should look for the right investment ecosystem where their entrepreneurial creations and ideas can be easily realized. For such aspiring entrepreneurs, establishing contacts with investors who can finance their businesses is an important part of the process of setting of the entrepreneurial career. In such cases, business networking platforms are highly important as they give an entrepreneur an opportunity to meet investors with different aspirations, missions, and visions. Here are some of the global cities where entrepreneurs can find enthusiastic investors.

New York City

The city of New York is abuzz with capital. It hosts investors with high capital power and is home to some of the fastest growing companies. New York is also home to some of the important technologies that can help power up entrepreneurship. Investors enthusiastic to put their money into new inventions are therefore in plenty in New York.

San Francisco

The city of San Francisco is home to Silicon Valley, one of America’s richest conglomerations of entrepreneurs and investors. San Francisco attracts a rich wealth of ecosystem of entrepreneurs and investors. In particular, the city provides aspiring entrepreneurs who have new visions for revolutionary ideas the opportunity to meet potential investors.

London

According to City Lab and Pitchbook, London is ranked as the 8th most venture capital city around the world. London’s investment and startup spirit are therefore quite high in ways that have attracted new investors who have a liking for technological startups.

Santiago

The city of Santiago in Chile is famed for being home to startups that are otherwise backed by the government and the private sector. Investors partner with the government to provide funding for accelerator programs that power up award-winning inventions. An aspiring entrepreneur will, therefore, find Santiago highly suitable for pitching their tent in search of the otherwise readily available capital.

Beijing

Beijing in China has become China’s important tech zone where aspiring inventors get an opportunity to attract investors. Beijing, home to thousands of tech establishments, is also home to Asia’s technology revolution and regularly hosts thousands of entrepreneurs who showcase their creations in search for funding. The city is also home to aspiring investors, not only from China but also from Asia and other parts of the world including the US.

Franchise Tom Leydiker

Franchising Your Business

Once a business has a certain process that’s working and it is producing a consistent profit, an owner may want to think about replicating the process by franchising the business and opening it up to new owners. Here are five factors that a company will want to look at when deciding if they should create a franchise:

Is The Concept Viable?

A good franchise concept will have two qualities. It will offer something that is familiar, but it will come with a unique twist. An excellent example of this is a pizza company that only offers organic ingredients and delivers their product via hybrid-electric vehicles. The concept must appeal to prospective franchisees and consumers. Also, the business should be able to be replicated so that funding more of them would create an increase in profits and economies of scale.

Hire A Lawyer

When a business owner is going through the franchising process, it’s important to hire an attorney who can give expert advice on the transition. They’ll be able to help with the forms that need to be completed such as a Franchise Disclosure Document. An attorney will also be able to assist with pricing, intellectual property protection and the creation of a franchise agreement.

Will Cloning Work?

To really be sure that a business should be franchised, it’s usually best to create one or more clones and see if they are successful in other areas. If the cloned units are a success, it probably makes sense to move ahead with plans to franchise the business.

Be Selective

There are many individuals who may have the capital to pay the price that allows them to get involved with a franchise. However, it’s important for the owner of the franchise to be selective when choosing franchisees. This ensures that the right people are selected so that both the franchise owner and franchisees are successful. The owner of a franchise should always consider new franchisees as ambassadors of their brand. They must be a good fit. An interview process should be used to help determine the best candidates.

Location Location Location

One of the most important factors for the success of a franchise is where it is located. It’s best if the first couple of locations are kept close to the original business. However, they shouldn’t be so close that they’ll hurt the sales of the first location. By having the first franchise operations close, it will be easier to manage logistics.

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