If you are currently thinking about starting a business of your own, it is first important to take stock of all the possible challenges that you will face. Starting your own business is not something to be entered into lightly and you must consider the logistic, financial, and time management issues that will come with it. Often, the financial burden of starting a business is enough to deter even the most ambitious business professionals, and it may seem like it is simply impossible to get the right startup capital necessary to make your dreams come true. For individuals who are determined to start a business but do not have the funds, experience, or knowledge, starting a franchise is a great option. There are many advantages to starting a franchise rather than your own independent business.
For Dr. Maurice Roussety, preparing businesses for globalization is something that he focuses on as both a business professional and an academic. He has a Masters of Business Administration as well as a Master of Leadership from the University of New English in New South Wales. He also holds a Ph.D. in Intellectual Property and Franchise-Business valuation from Griffith University in Queensland. He has conducted research in the field of professional finance and business, including his thesis paper, “An Integrated Economic Model for the Evaluation of Franchise Systems – A Synthesis of Agency and Finance Theories.” In addition, he has been working at Griffith University in Queensland, Australia as an Executive Consultant DST Advisory and Lecturer in Small Business, Franchising, Entrepreneurship, and Marketing.
According to Dr. Maurice Roussety, one of the biggest shifts that we are currently experiencing has to do with competition in the market place. As businesses are being built internationally, sped up by technology, there is much more competition now than ever before. Despite the fact that the technology boom was quickly followed by thousands of “start up” tech companies around the world, the start up fad is quickly coming to a close and more individuals are turning to less risky endeavors in the global market.
In fact, according to Dr. Roussety, in Australia franchises generate revenues in excess of $144 billion annually and directly employ more than 46,000 Australians through over a thousand franchise systems. In the modern economy, it pays to partner with businesses that have resources. For more information about Maurice Antoine Roussety, visit his website today.