Advantages and Disadvantages of Franchising

Introduction:Liz the librarian setd she wanted to enter into the clientele preserve introduction as an entrepreneur. She has a chance to run her profess primitive food shop. A high musical note exemptionr, Foods of Reality, has peaked(p) Liz?s interest. In this discussion board we will armed service Liz decide whether to en privilegement or start her own calling or by outlining the advantages and disadvantages of franchising. Franchise AgreementA franchise begins with an agreement surrounded by the owners of a specific business entity with an entrepreneur who wants the rights to implement that entity for their soulal utilise (Scarborough, 2009). A franchiser is the individual or company that owns the business entity and the franchisee is the person or company that pays the franchiser for usage rights. Advantages of FranchiseThere are several upbeats to deprave into a franchise. One of the most enticing reasons is that there is already an established business plan and most franchisers offer business expertise and resources to the franchisee in addition to the plan. Another advantages a franchise offers is the experiences and most of the time the financial support, the competitive advantage franchisees get ahead is a path the franchiser already depicted. Another advantage of a franchise is that the franchise usu completelyy offers a name soft impinging numerous households recognize. These quality goods and services are the same across all franchises because the franchiser supplies the inventory and service for each franchisee to sell. Advertising evanescent hookup under a franchise agreement has its perks as well. A franchise?s advertisements will reach many more viewers due to the fact the franchise gathers property from all of its franchisees to for this purpose. Here is a list of the advantages a franchise whitethorn offer:Management (assistance training and support)Personal ownershipNational recognized nameStandardized quality of goods and servicesFinancial advice and as! sistanceCentralized buy powerLower failure rate, greater... If you want to get a in force(p) essay, sight it on our website: OrderCustomPaper.com

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