Word: startingly
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Dates: during 1980-1989
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...business this year, a 77% increase over their sales volume in 1980. Employment in franchising, which was an estimated 4.7 million in 1980, will top 7 million this year, or 6.3% of the U.S. work force. The trend is fueled by legions of workers who see myriad opportunities to start their own business and be their own boss. Says Robert Kushell, a Glen Cove, N.Y., franchising consultant: "The accountant who doesn't want to work with numbers all day, the businessman who's tired of traveling three weeks out of the month, the woman who has stayed home and raised...
...company without having to borrow huge amounts of capital. Franchisees pay an up-front fee, which usually covers certain training and furnishings, to become part of a chain. The cost is typically lower for companies that do not require much equipment or for chains that are just starting up. The fee can be as little as $9,750 for the business cards and other materials needed to open a Coustic-Glo franchise, which specializes in cleaning ceilings, or as much as $350,000 to open a McDonald's. Some franchisers assist with the start-up financing...
Often it is not the basic product or service that is appealing but the atmosphere in which it is provided. Phil Akin was working his way through Iowa State University in 1983 by installing coin-operated machines on campus when he decided to start his kind of launderette, a place where people could get a cold beer or play a hot game of eight ball while they waited for their clothes to dry. Akin opened the first Duds 'N Suds store, complete with pool table and bar, with a $120,000 loan from an Ames, Iowa, bank. Since then, Akin...
...coming, and resistance is great. The A.M.A. has recently launched a comprehensive study of stress in residency. This December it will issue a report on the subject, making recommendations that could influence the Accreditation Council for Graduate Medical Education, the body that approves residency programs. "This is hopefully the start of a new generation of training," says Dr. Patricia Kolowich, former vice chairman of the A.M.A.'s resident-physician section...
...units were hampered from the start by bureaucratic feuding between supporters of the secret units and military traditionalists, and between the intelligence and operations sections within this secret army. Operating under loose guidelines, the secret units also proved difficult to control. One got involved in an unauthorized operation planned for Laos. Another became the target of investigations for alleged misuse of funds and other improprieties; three officers eventually went to prison. The Pentagon is now trying to reorganize all special operations units under the newly formed Special Operations Command, and has imposed stricter operational and financial controls on them...