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Communication

It is a process of transmitting and sharing ideas, opinions, facts, values, etc. from one person to another or one organization to another. Significance of Communication Communication promotes motivation by informing and clarifying the employees about the task to be done. Communication is a source of information to the organizational members for the decision-making process Communication also plays a crucial

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Problems Faced by Women Entrepreneurs in India

Women entrepreneurship is the process in which women initiate a business, gather all resources, undertake risks, face challenges, provides employment to others and manages the business independently. The role played by women entrepreneur: Women have a dual role which is personal or self role and as women entrepreneurs. In their personal role they act as a parent, wife,

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Public Financial Institutions in India

List of Public Financial Institutions in India IFCI Ltd. Industrial Investment Bank of India Ltd. Tourism Finance Corporation of India Ltd. Risk Capital and Technology Finance Corporation Ltd. Technology Development and Information Company of India Ltd. Power Finance Corporation Ltd. National Housing Bank. Small Industries Development Bank of India Rural Electrification Corporation Ltd. Indian Railways

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Environmental Factors Affecting Entrepreneurship

Entrepreneurship is the act of creating a business or businesses while building and scaling it to generate a profit. The environment here means the surroundings or conditions in which a business operates. Organizations have an external and internal environment; Internal environment / Microenvironment. External environment / Macro Environment. General environment. Industry environment. An organization’s operations

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Entrepreneur: Qualities and Characteristics

An entrepreneur is a person who sets up a business or businesses, taking on financial risks in the hope of profit. Being entrepreneurial doesn’t mean you have to start a business. . . it just means being innovative, creative, resourceful and adaptable.  This will help in any aspect of a career path, whether you want

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FRANCHISING AGREEMENT

An agreement is characterized by the following aspects: The agreement should be between two parties. An agreement is the result of a proposal or offer by one party followed by its acceptance by the other. The agreement should be between the parties who are competent to contract. There should be a lawful consideration and lawful

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FRANCHISING CHECKLIST

Learn about franchising Surf the internet Read business publications Visit franchise trade shows Read books Evaluate your personality and skills Management skills Technical skills Willingness to take risks Ability to follow someone’s rules and procedures Assess your financial situation Personal finance Additional financing available Think about your preferences Target market Industry and sector Full time

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TYPES OF FRANCHISE ARRANGEMENTS

SINGLE UNIT FRANCHISE (or Direct Unit Franchise) The most traditional and historically the most common form Franchisor grants to an entity (the franchisee) the right and obligation to establish and operate one franchise. The franchisees have to invest their own capital and apply their own management skills (generally hands-on). MULTI UNIT FRANCHISE(the multi unit franchisee)

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TYPES OF FRANCHISES

As any type of business can be franchised so many types of franchises that can be categorized according to different factors, like investment level, franchisor’s strategy, operations, marketing and relationship models, etc. The five major types of franchises are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise. JOB FRANCHISE Typically, this

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