Advantages of Starting Up a Business

A franchise is a legal agreement between franchisers and franchisees that consents use of the franchise’s trademark and trade name or marketing plan

Requires additional training cost, space, business strategy and building customers recognition, hire professional help which may cause additional fund or used available line of credit

move beyond the idea stage before they will consider financing it. Yet, some businesses require a

The first choice of business is the franchise. In a franchise, legal binding agreement is entered into between two firms, the franchisor (the product or service owner) and the franchisee (the firm to market the product or service in a particular location). The franchisee pays a certain sum of money for the right to market this product” (Rubin, 1978, p.224). The franchising is more prevalent in the restaurant industry (Hoffman & Preble, 2003). The two distinct features of this business type include; first, in order to notable service components should

A new venture takes creativity, motivation, spirt, and capital. The beginning of any venture begins with analyzing ones financial markets and how best to place the vested capital to continuously have the company grow. In many aspects one may purchase an already established business, in this case the understanding of how the loan process works is imperative. One may purchase a building and start a business from the ground up, in this case one will also need to have a great understanding of how mortgages and lending works as well. Many lenders will look into the financial market of the business before considering a loan of any type. In this case good solid numbers and record keeping is important. Understanding that a financial market is based on traders who buy and sell stocks, bonds, derivatives, foreign exchange and commodities (Amadeo, 2015). Successfully analyzing and investigating all financial resources is crucial.

Pros. There are many pros associated with buying a new business format franchise. First, since the franchisee obtains the parent company’s business model, individuals who are interested in starting a new business but are not confident in their abilities or lack experience in business, will receive a successful model to emulate (Williams, 2011). In addition, the franchise may also help the franchisee determine the best location for the business, help with the acquisition of equipment, and may help finance the endeavor. Next, most

Introduction Opening up a business such as a franchise can carry many risks, both financially and personally but can also be very rewarding and challenging. Some people make a decent living, some end up rich, then again, plenty of people fail. (MSNMoney, 2014) There are many advantages of owning a franchise. Some advantages are that you have association with a well-established brand, reputation and product or service, access to established standard procedures, operating manuals and stock control systems.

I believe that it would be better to buy an existing business, despite it may involve risk.

The company needs an infusion of capital in order to maintain the actual growth rate.

As a future franchise owner and frequent customer, I fully support this statement and believe my

Have a lot of strong investors currently and others that are interested in the business, thus making them financially sound presently.

One of the first choices that you will need to make as an entrepreneur is the manner by which the business ought to be organized. All organizations must receive some legitimate design that characterizes the rights and liabilities of members in the business' proprietorship, control, individual obligation, life compass, and budgetary structure.

There are so many advantages of owning your own business. You can become whomever you desire. There is a wide variety of opportunities to having your personal business. You can do so many things! One of my head goals in life is to own my personal dance studio. I chose this business area because working by myself will allow me to reach out to other children in a way that cannot be expressed through by working with other companies. One of the main key areas of building your personal business is knowing the structure of the site. When you’re in this process, it is important to know the companies you hire to manage the exact way you want your business building to look like. You should always have a blueprint of the shapes and forms you want

Buying into a franchise business is a very serious decision for any business person. When you buy into a franchise you can pretty much be guaranteed that the goods and services you are selling will have almost instant recognition. The buyers of a franchise also receive training and support from a proven business model designed to help the franchise owner succeed. Even though there is a proven business model at work, buying a franchise is still risky and there aren’t any guarantees of success. Buying a franchise is an investment and like most investments there is a risk that the business owner will lose money on his/her investment. This research paper will examine the ins and outs of business

Individuals want the benefits of a franchiser 's name recognition, network, systems, training, and infrastructure to help establish and grow