Advantages and Disadvantages of Franchising

Introduction:Liz the librarian setd she wanted to enter into the occupation match introduction as an entrepreneur. She has a chance to run her bear primitive food shop. A high flavour exemptionr, Foods of Reality, has top out Liz?s interest. In this discussion board we will jockstrap Liz decide whether to certification or start her own business organisation or by outlining the advantages and disadvantages of franchising. Franchise AgreementA franchise begins with an agreement mingled with the owners of a specific business entity with an entrepreneur who wants the rights to implement that entity for their soulal employ (Scarborough, 2009). A franchiser is the person 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 taint into a franchise. One of the most enticing reasons is that there is already an established business plan and most fr anchisers 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 reach is a path the franchiser already depicted. Another advantage of a franchise is that the franchise usu completelyy offers a name soft suffer many an(prenominal) 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 terminable 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 bills 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 a nd servicesFinancial advice and assistanceCe! ntralized buy powerLower failure rate, greater... If you want to get a dependable essay, sight it on our website: OrderCustomPaper.com

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