Buying a Franchise Assignment INSTRUCTIONS: You want to start a business and are considering buying a franchise instead of starting a new business....

Buying a Franchise Assignment

INSTRUCTIONS:

You want to start a business and are considering buying a franchise instead of starting a new business.

ou must pick a franchise opportunity.

· Next answer the following questions:

o "Explain why buying a franchise is an appropriate business start-up method for you and your personal circumstances."

o "Describe the strength of the franchisor's brand recognition and the overall marketing strategy of the company."

· Next go to Canadian Business Magazine at www.franchiseinfo.ca

o Click "Find a Franchise," "Features," and "Franchise ABCs"

o Choose one of the many franchises that are listed

§ Click "View Full Profile"

§ Write the financial requirements for the franchise you have chosen in your report. These include: minimum investment, required start-up capital, maximum investment, initial franchise fee, royalty fee, and advertising fee.

§ Answer the question: "Is this franchise a good fit for me? Why or why not?"

· Your answer to the above question should consider issues such as your financial resources, risk tolerance, personality traits and your ambitions.

· "Is a different franchise a better fit for you? Why or why not?"

Next, go to the franchisor's website and find out as much information as you can about the opportunities, costs and risks about this company.

Buying a Franchise Assignment

INSTRUCTIONS:

You want to start a business and are considering buying a franchise instead of starting a new business

ou must pick a franchise opportunity.

INSTRUCTIONS ON WRITING YOUR ANALYSIS: