EDE - 1. Buying a franchise have some pros, such as:...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Buying a franchise have some pros, such as: Turnkey system. The statistic prove that franchise system can operate business well and generate profits. The turnkey franchise will help the owner who has weak skills in sales and marketing or operation. Get franchise support. Most of time, small business owners have little support or lack a support team with business acumen. Through buying a franchise, the owner can share the challenges with other like-minded entrepreneurs. Share brand recognition. Usually, the franchises will provide a market awareness and brand name to franchisees. Due to the brand recognition in the market, the franchisees can save in customer acquisition costs. Lower inventory prices. Franchisees can purchasing inventory and equipment with lower costs. Compare with franchisees, independent businesses usually need to paid more as they have less bargaining power with suppliers. Easier staff recruiting. Compare with an unknown company, the franchise
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

EDE - 1. Buying a franchise have some pros, such as:...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online