By signing the franchise contract, a franchisee typically surrenders some freedom and autonomy in operating her/his business. * O False O True
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- The benefits and drawbacks of being a franchisee are as follows: Is a franchise a viable option for someone who wants to start their own company for the first time? Discuss.Why Buying a Franchise is in general good business, Some sources estimate that a franchise has a 90% or better chance of success. Some of the reasons ?You love building and fine-tuning businesssystems in order to figure out the best ways to createand deliver products, solve customer problems, and soon. After 10 years in a corporate job, you’re ready toapply this passion to your own company. You’reintrigued by the systematic approaches the world’s mostsuccessful franchising operations use to multiply theirmarket reach. Would buying a franchise be a goodchoice for you? Why or why not?
- What kinds of problems should a prospective franchisee look out for when considering a franchise? What kinds of scams are typical in the franchise industry? not essay or assignmet just a paragraph to help understand the conceptAdvise John how to ensure if the franchise to get into is a good one?Discuss the possibility that your startup might become a franchisor in the future. If your business succeeds and begins to grow, would your goods or services be suitable for franchisees? Draft a paragraph or plan a brief (three-minute) presentation explaining why you think your startup might or might not ultimately mature into an attractive franchising operation.
- In evaluating whether or not to buy a franchise operation, the potential investor should as a series of questions. What questions should the potential investor ask about the franchisor, the franchise, the market, and the potential investor (him or herself)?1. If someone buys a business but hires professional managers to run it so they don’t have to be involved in the operations, are they an entrepreneur? 2. Is someone an entrepreneur if they buy into a franchise so they can follow a well-established formula for running the operation? 3. Is someone an entrepreneur because of what they do or because of how they think?Mo. Outcomes: Discuss the issues that entrepreneurs should consider when evaluating different forms of ownership. Describe the advantages and disadvantages of the sole proprietorship, partnerships, and corporations. Describe the features of the S corporation and the limited liability company. Discuss the alternative options for corporate forms, both for-profit and non-profit, available to social entrepreneurs. 2.2 Action Required: Watch the short video at the following link https://www.youtube.com/watch?v=0k8ljlnBAQIT News) - YouTube 2.3 Test your Knowledge (Question): What is a sole proprietorship? What drawbacks should be considered? 2.4 Instructions Answer the question available in the “Test your Knowledge” section. Post your answer in the discussion board using the discussion link below
- You may consider franchising your business at some point. 1 - Discuss with justification, the type and model of franchise that your business will enter into? 2 - Discuss some of the ethical dilemmas that your business might be faced with.Define the following types of organizations and give an example of each. Also, how are profits taxed in each organization? Sole proprietorship Partnership LLC S-Corporation C-Corporation Which of the above organizations do you think would be the best for a start-up? Why?Which of the five business environments are the most relevant for grubhub 2) what are the risks and benefits of becoming an entrepreneur as opposed to working for others 3) what is the major challenge presented by comepitors like Amazon and Uber to grubhub's business 4) how does limited liability partnership differ from a general partnership in terms of liability 5)why would someone choose to francihise what are the advantages of owning a franchise 6) how is a franchise different from a partnership