Conceptual Framework of Business Management

Since the evolution of this world, Trade, business, Commerce, Export, Import, retailing, gambling, buying and selling had been the leading entrepreneurs in all the development of the planet. Same as the management has become a big question mark before us. Many scientists like economists, sociologists, public administration experts, public policy analysts, business analysts, human resource developmental experts, philosophers, astrologists, political panels and religious practioners have defined the business management in their own observation. Where the majority of them characteristically elucidate the business management as the symbolic value of planning, organization, leadership, control, capital, financial, machinery and technologicalism, human being assets as well as the nature’s resources.

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Franchising is one business alternative for any new entrepreneur.It is also a viable business strategy for an established business or company meant to generate an increased share of the market.A well-known business that has already instituted itself may decide to franchise some of its rights and business systems to a franchisee.This is done with the goal of augmenting exposure and brand recognition. Furthermore, any budding entrepreneur can benefit from choosing a franchise business, instead of having to create and develop a product and business name from scratch.

However, franchising is not for everyone and it is important to make a thorough evaluation before jumping into the franchising bandwagon.Much of the growth attained by businesses nowadays like fast food chains, bookstores and spas as examples can be rightfully attributed to the franchising strategies adopted by its owners.It cannot be denied that when a business starts to distribute franchises, publicity and identification are most likely to follow.People will start to recognize more of a particular business offering, whether it is a set of products or services.If the business is managed appropriately by the franchisee it may very well soon witness an increase in market demand.

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The term revenue means the income that a company receives from its normal business activities, usually from the sale of goods and services to the customers. Income which a company earns through dividends, interest or royalties amount paid by other companies is also called as revenue. Revenue may refer to the income earned through a business in general, or it may refer to an amount received during a period of time. Profit or net income is generally calculated by subtracting total expenses from total revenue with in a given period. Revenue is also known as “REVs“.In the case of a non-profit organization, annual revenue is termed as gross receipts.

The sources of revenue for these non-profit organizations are as follows:

• Aid from government organizations
• Donations from individuals and corporations
• Income from activities related to the organization’s mission
• Income from fund generating activities
• Financial investments such as stocks and shares of the companies
• Membership dues

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