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    Week - 8 Answer

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    Yusef Shaqeel
    The document discusses the advantages and disadvantages of becoming a franchisee. It notes that franchisees can enjoy independence as small business owners under supervision from large organizations, and do not need additional business strategists as the franchisor sets the business model. However, franchisees have no complete autonomy, only enter a formal agreement without control of the larger organization, face operational restrictions, and must share profits. The conclusion is that for a first-time business owner, a franchise is not recommended due to the lack of autonomy.

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    Week - 8 Answer

    Uploaded by

    Yusef Shaqeel
    16 views1 page
    The document discusses the advantages and disadvantages of becoming a franchisee. It notes that franchisees can enjoy independence as small business owners under supervision from large organizations, and do not need additional business strategists as the franchisor sets the business model. However, franchisees have no complete autonomy, only enter a formal agreement without control of the larger organization, face operational restrictions, and must share profits. The conclusion is that for a first-time business owner, a franchise is not recommended due to the lack of autonomy.

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    week 8

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    Week-8_Law

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    The document discusses the advantages and disadvantages of becoming a franchisee. It notes that franchisees can enjoy independence as small business owners under supervision from large organizations, and do not need additional business strategists as the franchisor sets the business model. However, franchisees have no complete autonomy, only enter a formal agreement without control of the larger organization, face operational restrictions, and must share profits. The conclusion is that for a first-time business owner, a franchise is not recommended due to the lack of autonomy.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    16 views1 page

    Week - 8 Answer

    Uploaded by

    Yusef Shaqeel
    The document discusses the advantages and disadvantages of becoming a franchisee. It notes that franchisees can enjoy independence as small business owners under supervision from large organizations, and do not need additional business strategists as the franchisor sets the business model. However, franchisees have no complete autonomy, only enter a formal agreement without control of the larger organization, face operational restrictions, and must share profits. The conclusion is that for a first-time business owner, a franchise is not recommended due to the lack of autonomy.

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    Week – 8

    Answer:
    Franchisee can be a company or an individual who holds a franchising license for the operation
    of a service or sale of a good provided by the franchisor. There are several advantages and
    disadvantages of becoming a franchisee, which are provided as under:
    Advantages of becoming a franchisee are as follows:
     Franchisees can enjoy the independence of small business owners under the supervision
    of big business organizations.
     No additional experienced business strategist is required because the big shot business
    organization already sets the model and the franchisee needs to implement it under its
    direct supervision.
     Franchisees are more successful than startups as per the latest record.
     It is easy to avail of finance to start a business because a franchisee holds the name of big
    brand with it.
    Disadvantages are as follows:
     There is no complete autonomy.
     It is only entering into a formal agreement with a large business organization, without
    having any control or right in such large organizations.
     There are plenty of operational restrictions.
     Franchisees need to share profit with the larger organization.

    No, the franchisee should not consider going to the franchise business for the first time. It is
    better to find a financer from the market instead of getting a business model from other
    organizations. Moreover, the franchise does not ensure autonomy to business. Thus, it must not
    be considered.

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