Business valuation is the process of determining a company's economic worth, analyzing its finances, management, future earnings, and assets. The final value can be influenced by internal and external factors, such as industry trends, growth potential, and the overall economic climate. A credible valuation typically uses multiple methods and is often conducted by a certified professional.
Franchise development is the strategic and legal process of transforming an existing successful business into a franchise system, allowing others to operate under its brand and business model. It involves a comprehensive assessment of the business's viability for franchising, legal and operational documentation like the Franchise Disclosure Document (FDD) and operations manual, and a sales and onboarding process to recruit and support new franchisees. The ultimate goal is to enable the franchisor to grow and scale its brand sustainably through the efforts of independent franchisees.
B2B, or Business-to-Business, commercial transactions and interactions between two or more businesses, rather than directly with individual consumers. Businesses engage in B2B activities by selling products, services, or information to other companies that use them in their own operations or for resale. Examples include manufacturers selling parts to auto companies or software providers selling CRM tools to other firms.
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