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Subway History
This article was written by Samuel Phineas Upham In 1965, a man named Fred Deluca had a plan to earn money for his medical schooling. He asked a friend to borrow a paltry sum $1,000, then he set to work opening a sandwich shop with the money. He called it “Pete’s Super Submarines,” and the original location was in Bridgeport, Connecticut. The franchise expanded within a year and the friends had to start a holding company to support the expansion and oversee the business. The company they formed was called Doctor’s Associate Inc., which was a reference to DeLuca’s goal to go to med school and his friend’s doctorate in…
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New Jersey and small businesses
Written by Al Donohue Sure, people say that business and New Jersey don’t really mix. But is there really any truth to that? If prices of Wyckoff real estate are reasonable and you find yourself with a novel business idea that you think has huge potential for growth, why shouldn’t you start up your business in a market that you know would definitely accept it? Talk about business climate is something that you shouldn’t have to worry about so much. That just means that competition will have a hard time catching up with you if you did your homework. There is absolutely no reason why your business would fail if…
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Shell Corporate History
This article was written by Phineas Upham The Royal Shell Corporation, commonly known simply as “Shell,” is one of the world’s most valuable companies. It’s a multi-national oil company with headquarters in both the Netherlands and Europe, and it’s considered one of the six major oil companies currently in existence. The company is currently responsible for 84% of the GDP from the Netherlands, with assets totaling $357 billion. Shell is involved in all aspects of oil production, which include exploration and distribution. It also dabbles in alternative energy, in the forms of both biofuel and wind. Shell is active in 90 different countries, and the company produces roughly 3.1 billion…
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Creating a Virtual Office in the USA
Companies like the Chinese shopping giant Ali Babba often have a difficult time moving products into the US. They may cater to individuals in their home nation who want to buy American products, but that presents even further difficulties. With a remailing service, businesses can continue to send their packages and correspondence to clients outside of the US by creating a virtual office. Here is a list of requirements to do so. Forwarding A normal mail forwarding service receives the package and forwards it to a new address. A US mailing address is required in situations like these, especially if the product is sold within the United States. These services…
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Edward Jones Investments History
This article was written by Phin Upham Edward Jones is a commission-based investment firm with an intriguing twist. It takes a personal approach to investing and creates offices that are staffed by no more than one broker. This way, a client can carefully choose his broker and interact with only that person. Because of this unique model, Edward Jones is considered one of the largest brokerage firms (in terms of sheer numbers) in the United States. The company was founded by Edward T. Jones in 1922. He was the originator of the branch network, which was useful in a time when he was attempting to expand through rural stretches of…
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Managing troubled businesses
Written by Lyle Charles Distress and trouble in business is normal. As a matter of fact, even the world’s largest corporations had to be bailed out in order to avoid closure. Construction turnaround services, in relation to the construction industry, of course, is vital if you want to turn things around if you think your business is going down for the count. The important thing here is for you to admit that there’s something wrong in your business. If you don’t, then there’s a very real chance that you would end up going out of business. So how do you manage troubled businesses? You do so by attacking the main…
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How Starbucks Began
This article was written by Phineas Upham Starbucks had humble beginnings as a coffee stand in 1971. It was based out of Seattle’s Pikes Place market, and it offered some of the finest roasted beans available in the area. It was a passion project, started by three students from the University of San Francisco. The three had learned how to roast beans from Alfred Peet, and were inspired to take that quality technique and bring it to the marketplace. The founders seemed to have always had an interest in naming the company after some part of Moby Dick. The first name, which was rejected by the co-founders, was Pequod. The…
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Leveraged Property Acquisition Profit Potential
Real estate investment can offer high annual return-on-investment for individuals or firms willing to assume risk. Only professional investors with substantial net worth should consider highly leveraged property acquisition. Leverage involves the use of a higher than normal portion of borrowed funds to investor equity. For example, some investors borrow one hundred percent of the property’s purchase price. Market Evaluation Many investors obtain a realtor license in order to evaluate new commercial or residential properties on the market. With cash in hand and/or lender relationships in place, the investor looks for properties selling well below the market value. Renovation Costs When investors buy properties below market, it’s almost certain that…