CH4FranchiseAndBuyouys

CH4FranchiseAndBuyouys - Franchises and Buyouts...

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Small Busines Management 1 Alternatives to Starting from Scratch Alternatives to Starting from Scratch Chapter 4 Chapter 4 Franchises and Buyouts Franchises and Buyouts
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Small Busines Management 2 A Contractual Arrangement Franchisee conducts business according to the terms specified by the franchisor Franchisee An entrepreneur whose power is limited by a contractual agreement with a franchisor Franchisor Specifies the methods to be followed and the terms to be met by the franchisee Entrepreneurs with excellent operational management skills and finances to open multiple franchises are attractive to Franchisors What is a Franchise? What is a Franchise?
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3 ADVANTAGES Proven product/service Financial assistance Proven marketing and management systems Franchisor support Quicker startup time DISADVANTAGES Fees, Fees, Fees Less independence Less flexibility “Follow the Plan” Franchisor support? Termination/renewal
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CH4FranchiseAndBuyouys - Franchises and Buyouts...

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