Entrepreneur.com tries to dispel the myth that a franchisee needs a large savings account to get started. The publication follows three different franchise operators and explores how they secured their funding.
Sharing performance data such as sales volume and average sales tickets, if created with safeguards, can produce healthy competition among franchisees within a company. "Savvy franchisees are able to match the data available on the Web site, put it in the hopper along with their own personal understanding of one another, analyze these and other factors and draw important insights about where their own franchise stands in the pack," says Verlo Mattress Factory Stores President Dave Young in describing the company's online site. Certain information is protected to prevent "employees from useless or destructive pinpointing," Young adds.
Nokia has detailed plans for its Nokia Business Center corporate e-mail system, which the Finnish company is marketing to everyday workers with mobile phones, not just executives and salespeople. The service will be available on 13 Nokia phones, as well as Java-based smartphones made by rival companies.
The Federal Emergency Management Agency plan to give Texas school districts emergency funds to cover portable classroom buildings, computers and mental health counselors for up to 60,000 students evacuated from Louisiana. Texas education officials hope additional federal funds will be made available to cover other costs associated with the influx, which currently stands at 28,000 students.
With a good portion of payroll dollars being directed to managers and other decision-makers, corporations need to give as much credence to decision design as they do to products and services, one writer contends. Greater input from employees within the company who are directly affected by these decisions can help increase the quality and creativity of decision-making within the organization.