Kfc Franchise – What You Need To Know

Kfc Franchise – What You Need To Know

A KFC franchise is just part of the umbrella of the Yum Brands empire. Yum Brands is the largest restaurant franchise system in the world. KFC franchises are located in over 80 countries worldwide and have sister franchises like Pizza Hut, Taco Bell, Long John Silvers and A&W.

There are quite a few advantages of being part of the Yum Brands family however, owning a KFC franchise may not be right for you.

First and foremost, any potential franchisee must be prepared to own more than one franchise. Therefore, if you want to open a KFC, you’re also most likely going to need to open another franchise in the same location. That’s why you see so many groups of fast food stores in the same location. A good idea would be to consider owning multiple franchises on multiple sites.

Yum Brands has quite a reputation for having ambitious business owners as their franchise owners. To be considered on their “good list”, you’re going to have to own at least three KFC franchises. In fact, ambitious franchise owners will get help from Yum Brands on building up their franchises.

The upfront cost to get into a KFC franchise is why so many people do not qualify for this particular franchise. Go ahead and plan on spending 1,000,000 to 2,000,000 to start up your KFC franchise and partner brand franchise. Furthermore, your net worth has to be above 1 million and you have to have liquid assets of at least $360,000. On top of that, you must have experience in the food service industry or least your partner must have that experience.

Plan on spending at least a year going through the whole process from start to finish. If you qualify based on their requirements, you will meet with the Yum Brands leadership to see if the relationship would be a good one for both parties involved. Then there would be the work finding a site and all that other fun stuff.

Bottom line is owning a KFC franchise can be very profitable and a very solid investment even if you can qualify for the high demands of buying a KFC franchise.

The Differences Between Niche Marketing And Mass Marketing

The Differences Between Niche Marketing And Mass Marketing

Niche marketing and mass marketing have many differences, the most common of which is the size of the market or group being targeted. Aside from targeting a smaller market, a niche marketer has a particular focus and knows which group he needs to concentrate on. In most cases, niche marketing focuses on markets that are not reached by mainstream providers. On the other hand, mass marketing deals with big numbers and an even bigger community. If a mass marketer targets parents, a niche marketer will go smaller, targeting the more specific group of single parents.

In mass marketing, the focus is normally on attracting as many customers as possible. The big challenge, however, lies in the fact that the target market is one whole big chunk and it will be a Herculean task just getting all the customers to like the product. Marketers will need to break down this big customer group into smaller ones. If the mass marketer’s target market are parents, he will have to find a way to create different segments, like one for married parents, another for unmarried parents, a third group for single parents, and a fourth group for divorced or separated parents. The list can go on and on as the marketer tries to look for more segments; one can be based on the parents’ age group and another can be on the financial capabilities of the parents. It’s a long and tiring process.

Now, for niche marketing, it is an entirely different process. Since the target market is already small, concentrated and narrowed down, there is no need to break down the market into different segments. The customers are already properly identified. If the niche focuses on single parents, it becomes easier for the marketer to gather information from the customers. It will be easier for him to reach out to his customers and find out what they need and what they want.

Another noteworthy difference between mass marketing and niche marketing is the fact that mass marketing uses expensive forms of media to reach out to the people. Marketers and their agencies/companies spend thousands of dollars advertising on radio and television. Niche marketing, for its part, has a budget that cannot support mainstream media advertising. The most common forms of advertising strategies used by niche marketers are the electronic mail and snail mail (post office mail). Niche marketers may also use networking for their advertising needs. Ever since the advent of the Internet, niche marketers have found it easier to attract customers. By just making sure that their website is informative, attractive, and relevant, they will be able to draw in customers who are searching for the product or services that they offer.

Taking into consideration these differences, it is therefore safe to conclude that the best option for effective advertising and marketing is the niche process. Niche marketing is the way to go for those who want to bring their businesses and products to greater heights.

Diamond Jewelries – A Perfect Investment For Lifetime

Diamond Jewelries – A Perfect Investment For Lifetime

Diamond is the best type of investment event amidst the economic recession. Value of jewelries made up of diamond will not get decreased with time. Main reason behind this is the value of diamond does not get affected by bankruptcies, economic fluctuations, etc. Value of diamond remains stable across the globe and you can sell it any location in the world without having a second thought on its price. Jewelries studded with diamonds can be worn on any occasion and these diamonds are loved by anyone ranging from celebrities to young men and women. Diamond jewelries are used in important occasions like wedding ceremonies, engagement functions, etc. It is now easy to buy diamond ornaments directly from the online store and they have different model of rings, ear studs and various other diamond studded ornaments.
Most people think that real estate is one of the best types of investment however you need to pay taxes on a regular basis. When you have diamond jewelry you will not be continually taxed, so it is always considered as one of the wisest type of investments.

If you are planning to invest in diamond the first thing you need to do is to get the advice from a professional gemologist who has years of experience. He will help you to choose the right type of diamond taking into consideration various factors. A professional jeweler or gemologist will easily choose the high quality diamond based upon its weight, size and shape. Diamond must also be certified by reputed organizations to ensure they are of high quality. One need not have a second thought while purchasing the diamonds certified by reputable organizations. Not to mention, certificate for diamond or diamond jewelry given by a popular institute is completely different from appraisal done by professional gemologist.

Diamond is certified based upon various factors including color of the diamond, dimension, its characteristic and many more factors. Certificate will be of great help for the gemologist to find out the real value of the diamond.
No matter the state of economic condition, be it is recession or stable economic condition pirlanta yzk is the best type of investment. Value of diamond rarely gets affected and it also depends and countless factors, so diamond is the best type of investment forever.
Pirlanta is not affected by wear and tear and it can remain stable for years without getting damaged. If you are planning to invest your hard earned money then investing in diamond is the right type of option.

Make The Most Of The Marketing Mix

Make The Most Of The Marketing Mix

Business administration involves the creation of a road map that outlines the specific goals that the business is working to achieve and targeted benchmarks for when those goals will be reached. By constructing a business and marketing plan companies develop strategies for reaching their goals in a timely manner. Experts in business recommend that ten percent of the budgeted operating expenses for the business be spent on marketing.

Because customers are the lifeblood of any business how the allocated dollars are spent on marketing can make a significant difference to the bottom line revenues that a company generates. Return on investment is essential for any business and finding marketing channels that will give returns above what is spent is the goal of the marketing department. The challenge for marketing directors comes in finding the right channel to put marketing dollars into and effectively creating a campaign for the selected channels that will give the highest returns.

The marketing mix is a term used to describe the combination of different channels that are to be used by the company to attract new business and increase customer retention. Within the marketing mix the director and his or her team divide the budget and make allocations for where, when and how the marketing dollars will be spent. Some channels may receive more money than others depending upon the cost of entry to the marketing channel and the effectiveness of that channel in returning dividends through sales to consumers.

A marketing mix might consist of print advertising in magazines and newspapers, direct mail, television commercials, radio spots and internet marketing. While traditional forms of media are dividing the budgets of big business smaller companies can also model a scaled version of a marketing mix down to fit their budget.

Where once the elements of traditional forms of media were incorporated into the marketing mix the online revolution has altered the perceptions and spending habits of many Americans. While some forms of media may still be included in the budget of a marketing mix directors of marketing departments are realizing that dollars spent on internet marketing are bringing the highest returns on investment.

While allocating a larger percentage of the budget to internet marketing on a macro level, executives are discovering that there are sub-channels within the internet marketing medium that require further study and division of the channels budget on a micro level. Search engine optimization, pay-per click campaigns and social network marketing are just a few of the options available to marketing departments that are focusing the core of their budgets on the cost effective and highly reachable consumers of their marketing dollars.

Contractors Beware of The Personal Service Company

Contractors Beware of The Personal Service Company

Being a contractor in the UK requires taking care of your own personal expenses and earnings. With this brings paperwork and the responsibility of managing taxes. Permanent workers don’t have this worry because most companies will have a dedicated finance department.

Before choosing to contract in the UK, the decision of either setting up a limited company, also known as a personal service company, or to simply use an umbrella company. Who will take care of all the tax issues, whilst providing additional benefits.

Both options are chosen on an individual basis, where normally umbrella companies are used for those choosing to contract short term. And limited companies being used for long term contracting. This is because tax savings can be much greater, but will require additional work.

So, What Are Personal Service Companies?

As previously mentioned, when choosing to set up a limited company is usually the result of a contractor seeking to benefit from tax savings and therefore increasing their take home pay. This is possible because limited companies enable contractors to be outside of the IR35 legislation. It is under this company that contractors will be working under, during any client work.

The tax efficiency of limited companies works by splitting a contractors income between their salary and dividends. This results in the contractor not having to pay national insurance contribution in their income. It s also essential for any freelance contractor to use a limited company or umbrella, otherwise no client would employ the contractor.

Here is a quick highlight of the benefits gained when working through a personal service company:

– Can be the most tax efficient way of earning,
– You become your own boss,
– In control of when and where you work,
– Ability to claim expenses,

In 1999 the term ‘personal service company’ was created, by HMRC, shortly after the introduction of IR35. But unfortunately the classification of what can identify limited companies as being a personal service companies is limited. This allows HMRC to be flexible during tax investigations.

The Problems That Exist

Unfortunately for those using this form of managing their payroll, they can often be viewed as attempting to dodge tax. Amongst negative press regarding this issue, the HMRC may be set to introducing new legislation on their use. The new legislation would treat contractors as though they were an employee, therefore requiring to pay national insurance and tax at the source, by their new ’employee’.

This could be a major problem for a large majority of those contracting long-term in the UK. For those currently with an umbrella company need not worry. Although this is an issue that every contractor should be aware of for future reference.