Question.4811 - Week 7 discussionThis is the discussion forum for Week 7 of the semester. Only items you post here during the class week will be counted toward your discussion grade.You must answer the discussion questions with your own relevant and meaningful input. Also, you must reply to the inputs of at least 2 other students in the class. You should participate throughout the week so that others will be able to respond to your input and also you to theirs. Discussion Questions:1) What are some of the questions that need to be answered when deciding whether to buy a business?2) Identify and explain what some of the major advantages of franchising are.
Answer Below:
Hello xxxxx and xxxxxxxxx What xxx some xx the xxxxxxxxx that xxxx to xx answered xxxx deciding xxxxxxx to xxx a xxxxxxxx When xxxxxxxxxxx the xxxxxxxx of xx existing xxxxxxxx several xxxxxxxx questions xxxx be xxxxxxxxx to xxxxxx that xxx investment xx sound xxx aligns xxxx financial xxx personal xxxxx Why xx the xxxxxxxx for xxxx Understanding xxx seller x motivation x g xxxxxxxxxx financial xxxxxxxxx declining xxxxxx demand xxxxx determine xxxxxxxxx risks xxxx is xxx business x financial xxxxxx Reviewing xxxxxxxxx statements xxxxxx and xxxx reports xxx returns xxx cash xxxx projections xx essential xx assess xxxxxxxxxxxxx and xxxxxxxxx What xxxxxx and xxxxxxxxxxx come xxxx the xxxxxxxx It xx crucial xx determine xxxxxxx the xxxxxxxx includes xxxxxxxxx equipment xxxx estate xx existing xxxxx Does xxx business xxxx a xxxxx customer xxxx A xxxxx customer xxxx can xxxxxxxx brand xxxxxxxx while x declining xxxxxxxx base xxx signal xxxxxxx Are xxxxx any xxxxx or xxxxxxxxxx concerns xxxxxxxx for xxxxxxx lawsuits xxxxxx laws xxx regulatory xxxxxxxxxx issues xx necessary xx avoid xxxxxx problems xxxx is xxx business x reputation xxxxxxxxxxx customer xxxxxxx industry xxxxxxxx and xxxxxxxx satisfaction xxxxxxxx insight xxxx the xxxxx s xxxxxx perception xx the xxxxxxxx growing xx declining xxxxxxxxx market xxxxxx and xxxxxxxxxxx helps xxxxxxxxx long-term xxxxxxxxx What xxxxxx and xxxxxxxxxx are xxxxxxxx to xxx the xxxxxxxx Evaluating xxxxxxx the xxxxx has xxx necessary xxxxxxxxx or xxxx need xx hire xxxxxxx professionals xx vital xxx success xxxx are xxx terms xx the xxxx Negotiating xxx price xxxxxxx structure xxx transition xxxxxxx from xxx previous xxxxx is xxxxxxxx for x smooth xxxxxxxx Answering xxxxx questions xxxxx buyers xxxx informed xxxxxxxxx and xxxxx costly xxxxxxxx Identify xxx explain xxxx of xxx major xxxxxxxxxx of xxxxxxxxxxx Franchising xx a xxxxxxxx model xxxxx an xxxxxxxxxx franchisee xxxxxxxxx the xxxxx to xxxxxxx a xxxxxxxx using xx established xxxxx business xxxxxx and xxxxxxx network xxxxxxx advantages xxxx franchising xx attractive xxxxxx Established xxxxx Recognition xxxxxxxxxx come xxxx a xxxxxxxx customer xxxx and xxxxxx presence xxxxxxxx the xxxx for xxxxxxxxx marketing xxxxxxx Proven xxxxxxxx Model xxxxxxxxxxx benefit xxxx a xxxxxx and xxxxxxxxxx business xxxxxx reducing xxx risk xx failure xxxxxxxx to xxxxxxxx a xxxxxxxx from xxxxxxx Training xxx Support xxxx franchisors xxxxxxx training xxxxxxxx operational xxxxxxxx and xxxxxxx support xxxxxxx franchisees xxxxxxxx challenges xxxxxxx Easier xxxxxx to xxxxxxxxx Banks xxx lenders xxx often xxxx willing xx provide xxxxxxx for xxxxxxxxxx due xx their xxxxx record xx success xxxxxxxxx and xxxxxxxxxxx Assistance xxxxxxxxxxx typically xxxxxx national xxx regional xxxxxxxxxxx allowing xxxxxxxxxxx to xxxxxxx from xxxxxxxxxxx promotional xxxxxxx Purchasing xxxxx and xxxxxx Chain xxxxxxxx Franchisees xxxx access xx bulk xxxxxxxxxx discounts xx inventory xxxxxxxxx and xxxxxxxx reducing xxxxxxxxxxx costs xxxxx advantages xxxx franchising x desirable xxxxxx for xxxxx looking xx own x business xxxx minimized xxxx and xxxxxxx support xxxxxxxx and xxxxxxx some xx the xxxxx disadvantages xx franchising xxxxx franchising xxxxxx many xxxxxxxx it xxxx has xxxx significant xxxxxxxxx that xxxxxxxxx franchisees xxxx consider xxxxxx investing xxxx Initial xxxxx and xxxxxxx Fees xxxxxxxxxxx must xxx an xxxxxxx franchise xxx along xxxx ongoing xxxxxxx fees xxx marketing xxxx which xxx reduce xxxxxxxxxxxxx Limited xxxxxxxx Control xxxxxxxxxxx must xxxxxx to xxxxxx operational xxxxxxxxxx branding xxxxxxxxxxxx and xxxxxxxxx policies xxxxxxxx flexibility xx decision-making xxxxxxxxxxx Obligations xxxxxxxxx agreements xxx legally xxxxxxx and xxx be xxxxxxxxx to xxxx without xxxxxxxxx penalties xxxxxxxxxx on xxx Franchisor x franchisee x success xx often xxxx to xxx overall xxxxx reputation xxx decisions xxxx by xxx franchisor xx the xxxxxxx faces xxxxxx relations xxxxxx or xxxxxxxxx troubles xxxxxxxxxx franchises xxx suffer xxxxxxxxxxx Restrictions xxxx franchises xxxx territorial xxxxxx preventing xxxxxxxxxxx from xxxxxxxxx or xxxxxxxxx outside xxxxxxxxxx areas xxxxxxx Revenue xxxxxxx Since xxxxxxxxxxx must xxx royalties xx the xxxxxxxxxx a xxxxxxx of xxxxx profits xx always xxxxxxxxx to xxxxxxxxx headquarters xxxxxx than xxxxxxxxxx in xxx business xxxxxxx these xxxxxxxxxxxxx franchising xxx be x profitable xxxxxxx for xxxxx who xxxxxxxxx research xxxxxxxxxxxxx and xxxxx with x reputable xxxxxxxxxx References xxxxxxx D x Entrepreneurship xxxxxx Process xxxxxxxx th xx Cengage xxxxxxxx IncMore Articles From Entrepreneurship
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