The term
"ancillary businesses" refers to additional or supplementary businesses that support and provide services to a main or primary business. These businesses are not the main focus but play a supporting role to help the primary business function effectively.
Full definition
Brokers are no longer sticking to one revenue stream, but are instead using their many talents to
start ancillary businesses and help clients in multiple ways.
Beyond actual pot production and sales,
more ancillary businesses are emerging, including security, insurance and e-commerce companies that support the legal marijuana supply chain.
For real estate brokerages struggling to raise profits, expanding
into ancillary businesses — and offering consumers merchandise discounts — is apparently catching on.
We think that that acquisition is going to provide additional touch points for the company to grow its
other ancillary businesses.
«Some firms reported that taking on non — lawyer partners has allowed for greater innovation and efficiency than segregating non — lawyers in a related
ancillary business of the sort permitted under Rule 5.7 of the Model Rules of Professional Conduct.»
With the rise
in ancillary businesses among real estate companies as a way to boost profit levels (see page 47 for more on affinity relationships), Dorcas Helfant, a former NAR president and a broker - owner, says a new competition is emerging.
In his new role, Delorey is directly responsible for the on - site management of Marriott Vacation Club and Grand Residences by Marriott properties around the globe, provides oversight and coordination of the on - site management company for The Ritz - Carlton Destination Club, and is responsible for the development and financial performance of resort -
based ancillary businesses.
It may seem the Amazon jobs are solid but with that there are so many other jobs such as start ups and
ancillary businesses like hair saloons to restaurants that would be hugely affected if the cycle starts to turn a bit and people start cutting back on hitting their prime buttons for easy convenience and starts buying in bulk and cheaper brands of daily goods.
I doubt you can turn around a newspaper; perhaps you can
create ancillary businesses off of proprietary content, but try to get people to pay for it, or stream a ton of traffic to get ad revenue.
It also
owns ancillary businesses, among them American Processing Company, a service that helps attorneys process foreclosures.
At the time he joined the first FLC class, Jones was COO and minority owner of Formation Capital, LLC, a private equity firm specializing in seniors housing and
related ancillary business investments.
Brokers today are trying to restore the bottom line
through ancillary businesses, affiliations, or controlled business arrangements, according to D'Ambrosia.
McAllister Garfield offers business and corporate law services for the cannabis industry and
ancillary business from start - up through exit.
Chelsea FC plc's ultimate parent company, Fordstam Limited, which is also responsible for the Group's non-footballing operations, reported a consolidated loss of # 14.2 m for the year largely due to new stadium planning costs and losses at
non-football ancillary businesses.
After a couple of brief meetings with partners around the firm I quickly discern that the level of dissatisfaction couldn't be more extreme and that the substance of partner discontent was in the huge amount of money being squandered on three disastrously
unprofitable ancillary business operations.
I was slated to speak to the group, but before proceeding to the podium, I had the opportunity to listen to one managing partner tell the group about his firm's experience with initiating and
operating ancillary businesses.
Support P&L management by monitoring and analyzing business operations, including home sales, operating and
ancillary business income and expenses to budget and forecast data.
We're thinking about
introducing ancillary businesses in addition to our mortgage operation, but with moving our offices in the past several years, we've had so much on our minds and on our plate that we haven't gone forward.
We also focus on advisory /
ancillary business proficiencies to provide clients with a full spectrum of financial solutions to include private placement of mezzanine debt to institutional investors and Red Capital partners.
The result is that Ghana's industrialization is heavily skewed in spatial terms, which in turn leads to a deep concentration of job opportunities and
ancillary business opportunities in just a handful of the country's biggest cities.
We have not only driven growth and efficiency in our core operations but have navigated the inception and growth of our multifamily operations as well as guided our
other ancillary businesses to maturity.
Strong volume, an emphasis
on ancillary business, such as mortgage lending and title services, and a high company dollar enable the company to charge the $ 1,500 fee, says Hess.
The US's medical and
ancillary businesses like to overcharge and promote dubious conditions and nostrums, some of the proceeds of which allow them do what they do by:
Other firms are establishing their
own ancillary businesses to benefit from non-lawyer investment and outsource their administrative and paralegal services.
«Everyone running
an ancillary business got kicked off all at once,» says Lindsay.
New opportunities exist in hospital growth, doctor and nurse training, medical record - keeping and
all ancillary businesses that support health care.
That doesn't include
the ancillary businesses that supply goods and services to the industry, such as Agrana Fruit, which opened a $ 50 million plant in Lysander in 2014 and sources crops from local fruit farmers.
The report found that only 30 percent of companies that touch the plant has a bank account while 51 percent of
ancillary businesses have secured banking.
~ NACB Blue Ribbon Affiliates, designated with a blue ribbon under their logo, are
ancillary businesses that have been vetted as operating professionally, ethically and with integrity.
«Today, more importance is being given to reciprocal business and
ancillary business,» he says.
«When that happens, it's the «behind the scenes» workers who take a hit, as well
the ancillary businesses that serve the production sites and teams.