Franchises
TLW:
Define and give examples of a franchise
Describe the pros and cons of owning a franchise
Evaluate franchise opportunities
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Define a Franchise in you own words
An independent business that sells goods or services in a particular location.
McDonalds, Pizza Hut, and Walmart are all examples of franchises.
A franchise is a business contract in which an independent business sells or markets the products of a larger firm.
Fast food restaurants, hotels, and motels.
A franchise is authorization granted to sell a companys goods or services in a certain area.
walmart and kmart.
Franchise: A business or a company that is world wide. for example: McDonalds.
A franchise is when a business becomes bigger and bigger and expands throughout the world.
a franchise is a business that sells a particular good (fast food for example) and has many locations around the world/state/country. All owned by the same coorpereation but ran by different people.
a franchise is a business that can be found pretty much anywhere. Ex. Jiffy Lube, Taco Bell.
a franchise is a business that is found all over the country/world and is owned by one coorperation but ran by someone different in each location. Such as hotels and fast food places.
Franchise Pros and Cons
The pros of owning a franchise is you are the "main" seller and you are the "head honcho".
The con of owning a franchise would be the cost and time it would take to run and own the business. Also if you aren't prepared or know anything about running a business.
The pros of a franchise is that you often have the support of a national campaign.
A con of a franchise is that you receive the wonderful marketing support from the franchisor, franchisees must pay these fees according to some contracts
pro of a franchise is you are in charge of everything and the con is having to deal with running and keeping everything organized.
Cons:Your the person in charge of a pretty bid business. so you have the responsibility of keeping things moving. Pros:since this business is probly pretty popular your making money.
Pros: Since its most likely popular if its a franchise, you will make alot of profit. Cons: It takes a lot of work to run a franchise.
pro: you are known almost everywere, you business makes alot of money and you can employ lots of people. Con: it takes a lot of money to start a franchise. It also takes alot of hard work, dedication, and determination.
Pro: you can almost anywhere and the business will be there. And they lots of money cause their everywhere. Con: the corporation decides things not the owner. Opening a franchise rather than starting your own business offers no guarantees of success.
Pro: your businesses is well known and you are in charge in your store. Cons: The corporation tells you what you can and can't do in the long run and it is a lot of work.
Evaluate Franchise opportunities
http://www.franchisebuyersnetwork.com/
http://www.franchisegator.com/
http://www.franchiseopportunities.com/
http://www.franchisegator.com/
http://www.franchisewebsite.com/
http://www.franchise.org/
http://www.franchise-websites.com/
http://www.embassyfranchise.com/Left_Frame.asp?S=5&P=22
http://www.quintcareers.com/franchising_pros_cons.html
http://www.entrepreneur.com/franchise500/index.html
http://www.bestfranchiseopportunities.com/
http://www.franchiseexpo.com/
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