(1) Why might a business owner with a successfulconcept decide to sell franchises rather than expandthe company under his or her own control? (2) Whymight someone with strong entrepreneurial spirit bedissatisfied with franchise ownership?

(1) Why might a business owner with a successfulconcept decide to sell franchises rather than expandthe company under his or her own control? (2) Whymight someone with strong entrepreneurial spirit bedissatisfied with franchise ownership?

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter5: Small Business, Entrepreneurship, And Franchises

Section: Chapter Questions

Problem 4DQ

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(1) Why might a business owner with a successful
concept decide to sell franchises rather than expand
the company under his or her own control? (2) Why
might someone with strong entrepreneurial spirit be
dissatisfied with franchise ownership?

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select a franchise that interests you. Once you have looked at the information provided, please prepare and submit a written report that covers the following: Name of franchise you selected and a brief summary of the business opportunity. Why you selected the franchise you did. What was it about this particular franchise that attracted you to it? Start-up costs. Specify what the owner (“franchisee”) will have to invest, as well as any contributions toward start-up that the franchisor will make. Potential profit or income from the business. Support that the franchisor will provide the owner (“franchisee”), such as training, supplies, materials/equipment, location, building.