A competition that was purported to emphasize Britain through “recommending” images that are not your own has turned into a black attention for the good folks at Microsoft (NASDAQ: MSFT). In reality, the program really was designed to get people familiar with Microsoft’s “Live Search” functionality. What’s wrong with your competition? The action of submitting someone elses’ image – however complimentary – can be an infringement.
It is the unauthorized distribution/transfer of 1 individuals’ images without their permission. Further, the winners of the competition are those that posted the images – they get something for the quality of someone elses’ work. How does this ongoing work? These are only a few of the potential problems associated with this contest. Kudos to the Pro-Imaging website for his or her efforts on this. Please, post your remarks by clicking the hyperlink below. If you’ve got questions, please pose them inside our Photo Business Forum Flickr Group Discussion Threads.
7. Affordability: Affordability simply reflects a potential franchisee’s ability to pay for the franchise in question. This criterion is as much a reflection of the potential franchisee as it is of the actual cost of starting a franchise. 8. Return on Investment: This is actually the real acid test. A franchised business must, of course, be profitable.
But more than that, a franchised business must allow enough profit after a royalty for the franchisees to earn an adequate return on their investment of money and time. 9. Market trends and conditions: While not a sign of franchisability just as much as general indicators of the success of any business; these trends are fundamental to long-term planning. Maybe the market is consolidating or growing?
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How will that impact your business in the foreseeable future? What impact shall the Internet have? Will the franchisee’s products and services remain relevant in the years ahead? What are other franchised and non-franchised competitors doing? And how will the competitive environment affect your franchisees odds of long-term success. 10. Capital: While franchising is a low-cost means of expanding a business, it is not a “no cost” method of expansion.
A franchisor needs the administrative center and resources to implement a franchise program. The resources required at first implement a franchise program will vary depending on the scope of the expansion plan. If an organization is looking to sell a couple of franchised units, the necessary legal documentation may be completed at low costs. For franchisors targeting aggressive expansion, however, start-up costs can run into Thousands and more.