How does franchising differ from other forms of business ownership?
Answer to relevant QuestionsIf you were starting a new venture, do you think you would benefit from participating in a business incubator or accelerator program? If so, what do you think the primary benefits would be? What are the main reasons that many U.S. franchise systems are expanding into global markets? Do you think this expansion will continue to gain momentum or will decline over time? Why or why not? 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 ...If you were to consider buying a School of Rock franchise, what issues would concern you the most about your ability to be successful as a franchisee for this company? What are some of the issues an entrepreneur should consider when answering the question, “Is franchising a good choice for me?” Briefly describe the profile of someone who isn’t suitable for franchising.
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