Assignment3 SBM - TESC October 2011 MAN432-GS009 Small Business Management Assignment 3 Chapter 4 Question 3 What can the Elevation Burger

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TESC, October 2011 MAN432-GS009 Small Business Management Assignment 3 Chapter 4 - Question 3: What can the Elevation Burger franchisor do to help franchisees during a recession? One way the Bone brothers can help out its franchisees is reworking a new agreement. This is more or less a worst case scenario but something to be considered for these franchisors to keep a good relationship with their franchisees, retailors, and vendors. Cutting in on their royalties or ad fees can help sustain the life of the franchise’s that may be struggling greatly during the hard times. They are in a sense a family and if one franchise was to go down or out of business then the Bone brothers would have another issue at hand. Reworking a new agreement may help but will require a great deal a legal work to be done, especially if other franchisees catch wind of the reduction being offered. . Renegotiating other contracts with suppliers, leases, and even with banks may also prove effective in this time for Elevation Brother. Helping out the
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This note was uploaded on 03/27/2012 for the course BUSINESS 100,200,30 taught by Professor Check during the Fall '11 term at Thomas Edison State.

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Assignment3 SBM - TESC October 2011 MAN432-GS009 Small Business Management Assignment 3 Chapter 4 Question 3 What can the Elevation Burger

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