Suppose you became interested in opening a School of Rock franchise (see Case 15.1 for more information about this company). You fly to Philadelphia and visit the company’s headquarters. After learning more about the opportunity, you tell the School of Rock representatives that you’re really interested and would like to move forward. If School of Rock follows the procedures it’s supposed to in negotiating with you as a prospective franchisee, what should you expect from this point forward?
Answer to relevant QuestionsThink of a time in your life where you showed tenacity and the tenacity produced positive outcomes. Briefly relate the story and what you learned from the experience to your classmates. Why is product/customer focus an important characteristic of successful entrepreneurs? 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 ...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 would be an example of a business that isn’t suitable for franchising?
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