Showing posts with label Franchisor. Show all posts
Showing posts with label Franchisor. Show all posts

Wednesday, 29 February 2012

Buisness Notes: Possible pitfalls of operating as a franchise

Standard
Pitfalls of operating as a franchisee
  • Specific contracts
  • Have to pay a large franchise fee and other expenses
  • Loads of competition
  • Takes most of the risk
  • If the franchise fails you fail
Pitfalls of operating as a franchisor
  • Have to provide the equipment
  • Has to train the franchisee
  • May get a bad reputation
  • Franchise may grow too fast

- Esjae x

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Business Notes: Benefits of operating as a franchise

Standard
Benefits for the franchisee:
  • Get provided with the equipment
  • Already have a customer base
  • Become apart of an established business
  • Don't have to start from scratch
  • Training and on going support
  • Benefit from marketing campaigns
  • Know costs
Benefits for the franchisor
  • Benefits from the growth
  • Fairly low risk
  • Become more well known in a wider geographical area
  • Reputation
  • Rapid growth


Franchisee is the individual who buys the franchise
Franchisor is the person selling the company

- Esjae x

Follow me on Twitter: http://twitter.com/esjaeofficial
Check out my poetry/ writing blog: http://esjaeofficial.blogspot.com
Subscribe to me of Youtube: http://www.youtube.com/theofficialesjae
Add me as a friend on Facebook: https://www.facebook.com/esjaeofficial
E-mail me: esjae-official@hotmail.co.uk

Business Notes: What is a franchise?

Standard
A franchise occurs when one business (the franchisor) sells the right to use and sell its products and/or services to another business (the franchisee).

Examples include Burger King and Mcdonalds.

- Esjae x

Follow me on Twitter: http://twitter.com/esjaeofficial
Check out my poetry/ writing blog: http://esjaeofficial.blogspot.com
Subscribe to me of Youtube: http://www.youtube.com/theofficialesjae
Add me as a friend on Facebook: https://www.facebook.com/esjaeofficial
E-mail me: esjae-official@hotmail.co.uk
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