what is a turnkey course

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What is a turnkey operation?

Turnkey operations are a type of collaborative arrangement in which one company contracts with another to build complete, ready-to-operate facilities. Turnkey operations are generally done in the areas of industrial equipment manufacturing and construction. The customer for a turnkey operation is often a government agency.

What is a turnkey cost?

Turnkey cost is the total cost that must be covered before a product or service is ready to be sold and used. A franchisor sells the right to use its brand and expertise to one who will open another branch of the business to sell the same products or services.

What is a turnkey business example?

Turnkey Businesses and Franchises 1 Direct Sales and Multi-Level Marketing. Direct sales and multi-level marketing (MLM) businesses, such as Mary Kay, can also be seen as turnkey businesses based on how little it takes to ... 2 Other Turnkey Businesses. ... 3 Turnkey Properties. ...

What does turnkey mean when buying a home?

“Turnkey means no painting, no construction, no renovating,” says Cheryl Zarella of Coldwell Banker in Bedford, NH. “Just walk in and start living.”

What does turnkey mean in technology?

fully complete and ready to operate1) Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end user just has to turn a key and start using the product or service.

What is a turnkey platform?

Definition of turnkey solutions: Turnkey solutions are ready-to-go solutions that are easily deployed in a business, effectively needing the end user to simply “turn the key” to get started.

Why is it called turnkey?

Common usage The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer.

What's another word for turn key?

What is another word for turnkey?wardenguardsuperintendentchaperonwatchwomancarerstewardgarrisonsupervisorsitter55 more rows

What is a turnkey business?

Key Takeaways. A turnkey business is a for-profit operation that is ready to use as-is the moment it is purchased by a new owner or proprietor. The term "turnkey" is based on the concept of only needing to turn the key to unlock the doors to begin operations, or to put the key in the ignition to drive the vehicle.

What is a turnkey door?

The term "turnkey" is based on the concept of only needing to turn the key to unlock the doors to begin operations. To be fully considered a turnkey solution, the business must function correctly and at full capacity from the moment when it is initially received.

Is Mary Kay a turnkey business?

Direct sales and multi-level marketing (MLM) businesses, such as Mary Kay, can also be seen as turnkey businesses based on how little it takes to have them up and running. Often, a person only needs to sign up for the particular service as a consultant and pay fees for the inventory required to perform the work.

Is a turnkey business considered a franchise?

Aside from franchises, any existing business that's already up and running successfully or a new business whose doors are ready to be opened could be considered a turnkey business. In these cases, if the business has a proven track record, the risk may be lower compared to starting a new business from scratch, and it may also provide more control over business decisions than a franchise model.

What is a turnkey business?

A turnkey business is thus a business that is ready to use, existing in a condition ...

What is a turnkey cost?

Turnkey cost is the breakeven point for a product or service that must be covered before it is available for the consumer market. Turnkey costs, which include both direct and indirect expenses, are involved in getting the item or property produced and ready for regular ownership and use.

Is it risk free to invest in turnkey homes?

Turnkey properties are an interesting alternative for people without the time to physically renovate or maintain a real estate investment. To be sure, investing in real estate is never a risk-free endeavor.

What is turnkey operation?

Turnkey operations are a type of collaborative arrangement in which one company contracts with another to build complete, ready-to-operate facilities. Turnkey operations are generally done in the areas of industrial equipment manufacturing and construction. The customer for a turnkey operation is often a government agency. Table of Contents [ Hide] ...

What is a turnkey project?

Turnkey projects are a way of earning great economic returns from the know-how required to assemble and run a technologically complex process. Turnkey projects make sense in a country where the political and economic environment is such that a longer term investment might expose the firm to unacceptable political and/or economic risk.

What is a turnkey home?

A turnkey home is something you’ll come across sooner or later while you’re sifting through real estate listings. So what is a turnkey home? At its most basic level, this refers to a place that is ready for you to move in, with no need to make big repairs or improvements.

What is a turnkey in real estate?

What to watch out for. The term “turnkey” is subjective at best. “Using the phrase ‘turnkey’ in real estate is like using the word ‘wholesome’ when selling packaged or processed food,” says Shwetz. “It can mean many different things to different people. Like beauty, the term ‘turnkey’ is often in the eye of the beholder.”.

What does "turnkey" mean in a house?

Generally, turnkey should mean that everything in the house is new, rehabbed, or otherwise excellent condition with no visible signs of wear, Shwetz says.

Do turnkey homes have downsides?

But turnkey homes have downsides, too. All this convenience, however, comes at a price depending on the property. In general, Zarella says, buyers can expect to pay about as much for an updated turnkey property as they would for new construction.

Is it good to buy a turnkey home?

Bottom line: Turnkey homes may sound great, but as with any other purchase, the buyer should always be on guard.

Is turnkey investment property worth it?

Some companies that offer turnkey investment properties will also manage the property for you—finding tenants, collecting rent, and managing upkeep. Their services aren’ t free, of course, but can be worth it if you prefer to be a hands-off landlord.

Is a turnkey home good?

True turnkey homes are good for the latter. Zarella says turnkeys are usually most popular with executives or families with young children: “Generally, they’re good for anyone, but particularly for busy people who would rather spend their time on their career, their family, or a hobby rather than living at Home Depot.”.