A friend of yours owns a carpet and installation business, which is a full-time job. To increase his income, he’s thinking about buying a 1-800-Water-Damage franchise, which is a franchise that helps homeowners and businesses restore property that has been damaged by a flood or water leak. His thinking is that he already has most of the equipment he needs to perform this type of service and has an experienced crew. Is your friend a good candidate for a 1-800-Water-Damage franchise? If not, what type of franchise could he buy that might be a good fit with his current business?
Answer to relevant QuestionsHow do you think Westergren was able to persevere through 300 rejections before an investor finally said yes to Pandora’s attempts to raise additional money? Why is passion such an important characteristic of successful entrepreneurs? Suppose you ran into an old friend who is just about to buy into a replacement battery retail franchise. He tells you that he is excited about the opportunity because the system he is about to buy into (1) Is in an industry ...What types of characteristics do you anticipate School of Rock looks for in franchisees? What are the advantages and disadvantages of establishing a franchise system?
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