1. Choose one of the two franchises presented and draft a business plan outline.
2. Divide the class into teams to discuss the merits and potential drawbacks of each of these franchises.

You’re convinced that purchasing a franchise is your method of choice for becoming a small business owner. Before you jump in, though, you’d better do your homework. For this exercise, we’ll first present some basic information about two possible franchise operations; then it’s your turn. of hair care procedures. There are 84 locations throughout the United States, 43 of which are owned by franchisees. The initial franchise fee is $10,000, and total investment ranges from $50,950 to $58,450. The company doesn’t offer financing.