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O Trademark is a distinctive name or/and symbol used to distinguish a particular product or service from all the cant do my attitudes others. In practice we have four types of franchising- Product Franchise, Manufacturing Franchises, Business Opportunity Ventures, and Business Format Franchising. In the case of Product Franchise, manufacturers use the my research paper product franchise to research writing govern how a retailer distributes their product. The manufacturer grants an owner of the store the authority to distribute goods by the manufacturer and he is writing paper eureka, allowed to use the name and trademark of the manufacturer. In return the help cant do my employee storeowner has to pay a fee or purchase some inventory of stock in return for the rights given.

Manufacturing Franchises provide an organization with the right to manufacture a product and to sell it using the name and the trademark provided by franchisor. This type of franchising is usually seen in food and beverages industry. Business Opportunity Venture usually requires that a business owner purchases and distributes the products for one specific company, which must provide him with the customers. Writing! In return business owner has to pay a fee or some other type of Being essay compensation. My Research Eureka! Finally, the Business Format Franchising, the most popular type, is the approach where a company provides a business owner with a proven method for operating a business using the name and the trademark. The company has to provide assistance to the owner of the business at the beginning, and the business owner has to pay a fee in return. Usually people are asking what makes one company to offer a franchise, so it is important to understand the franchisor’s perspective. First of scholarship essay writing help all, franchising is an opportunity for more rapid expansion. Writing My Research Paper Eureka! Many companies may experience of lack of capital and skilled employees, so the franchisee can offer all of that. At the beginning the franchisor assists a franchisee with obtaining financing for a new business, however the cant attitudes franchisee is liable for repayment of the funds.

Franchisor is selecting its franchisees by their experience and skills, and in that way he/she is minimizing its risks. Another reason for writing my research paper, franchising is higher motivation. This is because when the company franchises its operations it acquires a group of new, motivated managers, which are more accountable for actions since as an owners they are completely responsible for business outcomes. Further more capital is another reason for getting involved in franchising. Economics Help! The company, by franchising, is raising the money without selling an interest in the business, and paper eureka the franchisor is using the franchisee money for further business expansion. This way the company is avoiding the risks, which may come out from issuing stock and taking the loans. The company’s image and name are at certain risk when sold to other individual.

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3/ The system of franchising, you shall learn. 4/ The spirit of buy essay online cheap allegory franchising, you shall incorporate. 5/ The Code of Ethics, you shall assimilate. 6/ A study of the relevant brands, you shall make. 7/ With full responsability, you shall sign. 8/ The brand image, you shall represent. 9/ The network, you shall respect. 10/ The consumer, you shall satisfy. However before commandments, in order for one to see if he is able and my research paper ready for franchising business, one can test himself/herself by answering some basic questions (Internet, 2) like: O Do I prefer to limit my risk as much as possible?

O Am I willing to operate the business in exact accordance with the instructions of a franchisor? O Am I willing to forgo sales on new ideas and attitudes products because of writing eureka franchisor restrictions? O Am I comfortable with sharing my success, including profits, with franchisor? O Will I enjoy being part of a well-known organization? O Do I feel like needing the management experience and assistance that a franchisor can provide? O Do I need assistance in developing a business plan? O Is my experience in marketing limited, so the franchisor would help in overcoming this weakness? O Am I willing to help pay a franchise fee to obtain a proven business operation?

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The points that should be considered in this step are in a way divided into three parts, points to be considered about the franchisor, personal needs and market viability. Points to my research paper be considered about the franchisors are: O Experience of management and directors. O Number of franchisees in operations. O Number of franchises no longer in operation. O Years franchisor has been in operation. O Type and amount of training. O Financial stability.

O Assistance in financing. O Site location assistance. O Planing and constructing a building. O Reputation among franchisees. O Projected operating losses. O Potential profits. Points to be considered about personal needs are: O Equity requirements. O Interest and enthusiasm. O Business skills.

Points to be considered about scholarship writing, market viability: O Community fit. O Location availability. O Longevity of product. O Population stability. O Advertising and cooperative advertising. According to writing eureka my Internet source the essays american fourth step is the investigation of the my research paper eureka franchisor, which is very important. First one should investigate the credibility and reliability of the franchisor.

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“A Definition of Franchising” available at http//:perso.club-internet.fr/fff/def_.html. “The Ten Commandements” available at http//:perso.club-internet.fr/fff/tencom_.html. “Franchising-an Interactive Self-Test” available at www.betheboss.com/PF2/gstarted/f101/selftest.html. “The Five Steps of Selecting a Franchise” available at eureka www.betheboss.com/PF2/gstarted/f101/fivestep.html. “Step 1- Examine your Opportunities” available at www.betheboss.com/PF2/gstarted/f101/step1.html. “Step 2-Examine the Franchise and the Franchisor” available at www.betheboss.com/PF2/gstarted/f101/step2.html. “Step 3- Analyze and Evaluate the Disclosure Statement” available at www.betheboss.com/PF2/gstarted/f101/step3.html. “Step 4-Investigate the Franchisor” available at www.betheboss.com/PF2/gstarted/f101/step4.html. “Step 5- Make a Decision” available at www.betheboss.com/PF2/gstarted/f101/step5.html. Word Count: 2598.

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