How the success of a franchisee can cause problems?
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How the success of a franchisee can cause problems?
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- Starting up and managing a business requires one to act responsibly and ethically at all times. It is also imperative that one carefully considers the management team and the opportunities that franchising presents to a business to create a bigger brand name and increased market share You may consider franchising your business at some point. Discuss with justification, the type and model of franchise that your business will enter into.What key factors should a company consider when deciding whether to pursue a franchise model as a part of their business strategy?What are the key Factor in the Franchise Relationship?
- Why do Franchise like Domino's have a lower business failure rate than businesses started from scratch?Why disagreements between franchisors and franchisees have increased?select a franchise that interests you. Once you have looked at the information provided, please prepare and submit a written report that covers the following: Name of franchise you selected and a brief summary of the business opportunity. Why you selected the franchise you did. What was it about this particular franchise that attracted you to it? Start-up costs. Specify what the owner (“franchisee”) will have to invest, as well as any contributions toward start-up that the franchisor will make. Potential profit or income from the business. Support that the franchisor will provide the owner (“franchisee”), such as training, supplies, materials/equipment, location, building.