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Week 2 - Franchises

Week 2 - Franchises

Q Instructions Course Objective: • Identify or create a business concept for marketplace entry that is suitable for the business plan development stage. REVIEW: Small Business Administration, Buy an Existing Business or Franchise, 2018. In 600 minimum-750 maximum content words (title page, abstract, and references not included in count), and using at least 2 other credible resources, discuss the following: • What are some important considerations when buying into a franchise? • Would you consider buying a franchise? Why or why not? • Which type of business best suits your proposed business? Submit all answers as one file by 11:55 PM ET, Day 7 (Sunday). Use the template provided herein. Follow APA format, including a title page, introduction, conclusion, citations, and 2 references. Turnitin report less than 20% similarity match is required. Attachments TEMPLATE - APA 7th Paper Format.docx (38.93 KB)

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Franchises can be advantageous for business firms to ensure that there can be enhancement of publicity of the products and reputation of the firms. This is because there can be promotions and publicity of the products and/or services of firms via the actions of franchisees. The responsibility of every franchisee is to ensure that the brand name of the franchisor is made popular without developing negative publicity for the brand name. Important considerations when buying into a franchise The first most important consideration to decide to buy into a franchise is to ensure that there is reviewing of the complete landscape and infrastructure of the area of operations (“Buy an existing business or franchise”, 2022). This is because the property of the franchisee can be a disputed property for which the franchisor might face problems in future.