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Showing posts from December, 2024

Franchise vs. Independent Business: Which is Right for You?

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Choosing between a franchise and an independent business is a crucial decision for aspiring entrepreneurs. Franchises offer the benefit of an established brand, proven systems, and ongoing support, reducing the risks associated with starting from scratch. However, they often come with higher initial costs, ongoing royalties, and less flexibility in business decisions. On the other hand, an independent business allows for more freedom in operations, branding, and growth strategies. While it offers greater control, it also involves more risks, as the brand, reputation, and customer base must be built from the ground up. Entrepreneurs must consider their budget, risk tolerance, and desire for control when choosing between these two models. Ultimately, the decision depends on individual goals, resources, and long-term vision for success. To know more about:  https://www.business2sell.com.au/blogs/evaluation/franchise-vs-independent-business-which-is-right-for-you

Power without glory: The ties between 2024’s biggest business scandals

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"Power tends to corrupt and absolute power corrupts absolutely." Those words, penned by the English aristocrat, politician and academic Lord Acton in the 19th century have never been more salient. Since he famously wrote the phrase in a letter to an Anglican bishop in 1887, it has been frequently employed to illustrate the consequences of unfettered power in politics, matters of state or the military and its role in global conflicts. Read More:  https://www.abc.net.au/news/2024-12-27/power-and-the-biggest-business-scandals-of-2024/104753214

Personal data of ‘thousands’ of Hungry Jack’s staff exposed in internal leak

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The chief executive of Hungry Jack’s has confirmed that an internal data leak has accidentally exposed the names, birthdates and store locations of staff, including minors, across the country. In the early hours of Monday, hundreds of employees received an email from the burger chain’s training and communication portal, Jedi, that included an attached spreadsheet of staff information outlining full names, job titles, personal email addresses, start dates, and employment classifications. To know more:  https://www.smh.com.au/business/companies/thousands-of-hungry-jack-s-staff-personal-data-exposed-in-internal-leak-20240423-p5flxz.html