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Chapter 5 Written Assignment

Chapter 5 Written Assignment

Q Exercise Go to Entrepreneur Magazine Article at: https://www.entrepreneur.com/article/44202. 1. Take the self-test (Are you suited to be a Franchisee?) to see if franchising is a good personal choice for you. 2. Then go to www.franchise.com and use the search tool to find a franchise that has the potential of fulfilling your entrepreneurial dreams. Navigate to the profile of the franchise you selected. Explore the franchise's Web site if a link is available. Refer to the questions listed in Figure 5.9 on page 138 in this chapter and assess the strengths and weaknesses of your selected franchise. (Hint: The Web site also contains tips for evaluating a franchise listing.) Based on the information you have gathered, write a 1-page business report of your selection, findings, strengths and weaknesses of your choice. Did your search give you enough information to answer most of the questions in Figure 5.9 on page 138? If not, what other information do you need, and where can you obtain it? Please remember that business documents use block formatting, have a Title, Introduction, Information and Summary sections (refer to posted example in Modules). When your report is complete, please submit to the appropriate Assignment link provided. All responses will be run through TurnItIn to check for plagiarism. PreviousNext

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Starting and Running a Franchise Intro: Starting and running a franchise is one of the toughest business endeavors. The challenges are more intense when it comes to running a franchise in the food industry. One needs to be extremely creative to remain on top of the market. Much of the creativity goes to the efforts of inventing newer products that should be appealing to the customers. Farmhouse Donuts and Decor is among the most successful franchises in the food industry.