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.
Answer to relevant QuestionsWhy is passion such a critical part of entrepreneurial success? Prim’s founders were apparently passionate about building a company but not the laundry business specifically. In what ways is this combination problematic? If you had been a Pandora employee during the time the firm was essentially broke, would you have agreed to work for no money? Westergren provided two reasons that the employees present at the time were willing to work ...Do you anticipate that entrepreneurship will continue spreading throughout the world, or do you think its appeal will subside over time? What key insights does the GEM study provide us about entrepreneurship? What does evidence show us about the rate of failure associated with entrepreneurial ventures?
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