Whether it’s a fast food restaurant, hospital, or HVAC service provider, using an already established brand takes the guesswork out of starting a business. You don’t have to convince any investors, develop tedious SOPs, or figure out how to sustain the creation of the products you sell. Simply pay your dues, set up shop, and sell like crazy! No! That’s not how it works. We wish it were that way, but it’s not. Each franchisee faces a unique set of challenges. These are based on the location and culture of the franchisee’s store, access to human resources on the ground, and much more. And of course, many franchisees have accounting issues. Here are three of the most common ones.
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Mechanical Power Transmission
Power transmission is a process required in almost every piece of machinery. From the tiny motors in pop-up selfie cameras to the innovative transmission lines of the Large Hadron Collider, power transmission applications are all around us. We use power transmission methods to transmit power from the prime mover to the driven machinery for its function. There are four main types of power transmission – mechanical, electric, hydraulic and pneumatic. In this article,
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Common Accounting Issues Every Franchisee Faces ➡️
Common Accounting Issues Every Franchisee Faces ➡️
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