Suppose you are an American citizen living in Japan. You just lost your job with an electronics company that merged with a firm in Singapore. You would like to stay in Japan and are thinking about buying an American business services franchise that is expanding to Japan. What are some of the issues you should evaluate before buying an outlet in an American franchise system that is selling franchises in Japan?
Answer to relevant QuestionsWhat lesson or lessons can other entrepreneurial start-ups learn from Pandora’s story? What are the five common myths of entrepreneurship? What are the differences between a product and trademark franchise and a business format franchise? Provide at least two examples of both types of franchise arrangements. Over the next 10 years, what do you think lies ahead for School of Rock? What are some things that could go “right” for the firm and some things that could go “wrong” as the firm continues selling franchise locations ...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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