This exercise is to encourage you to look at businesses in a different way. Franchise businesses have a much higher success rate than a traditional small business. In fact, the success rate can be as high as 80% after 5 years. These franchise businesses are dependent on using systems to run the business profitably. Learning about these systems and their benefits will help you in understanding the advantages and disadvantages of running a business.
Your assignment is to research and report on a franchise business of your choosing. The franchise does not have to be restaurant since there are many different kinds of franchises.The following questions will help guide you on what content to include in your paper.
Description of the business
What type of product or service does the business sell?
What is the business model?
History of the business
Why and how did it start?
What is the startup cost to own the business?
What types of systems does the business have in place?
What are the benefits of the systems to the business?
Feedback from the owner of a franchise
What type of support system does the business have for the franchisee?
How is the company culture?
Do they have happy employees and why?
Why do you think the business is successful?
What have you learned about the business that you may apply to your business now
or in the future?
Report requirements:
Minimum 3 pages in length (no title page required), double spaced, 12 point
The subject of your paper cannot be McDonalds. Any student that submits a paper about
McDonalds will not be lovin it after you have to submit another paper.
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