I agree with this article completely. Franchising can be a good way or bad way to start a business. It all depends on the franchise you choose to get involved in. In my opinion it would be much better to spend more money in start up fees to get involved with a bigger and much more well known franchise. Although this is more expensive it reduces the risk of failure since a lot of people already know the brand name and will be drawn to your franchise. Also these bigger franchises a lot of other franchisees and you can contact these other franchisees to make sure everything is good from the business model to how the franchisors treat the franchisee. In smaller less known franchises it is more risky because there are less franchisees to speak to and also a lot less brand name recognition meaning the business plan and advertising have to be really good. In the end it all depends on the research, hard work, and being willing to take a little bit of risk to be on the road to success.
The article makes sense with how it lays out how the franchises work for the certain reasons and doesn't work for certain reasons. The part I disagree with is the fact that it says that it asks the question is getting a franchise a good way to start your own small business? The way I see franchising is that you aren't starting your own business, you are inevitably just a small piece in a bigger company. The franchisee doesn't really get to make important decisions that could improve the company drastically. The franchisee has to follow the guidelines set by the franchisor.
I mostly agree with the content on this article, but I didn’t see a strong case that suggested that the franchising business was a rip-off of any sort. The only relatively relevant arguments covered were that you could either get your unit franchise snatched away at any point after the contract expires and that the franchisor may require you to pay inflated prices on services or supplies from them or approved vendors disclosed under the franchise agreement. Still they don’t provide a strong case because all of this can be avoided with proper research. The article makes a much more strong case for how good the franchise business truly is and the different ways to avoid any possible problem the prospective franchisee may encounter when investing in a franchise business. It just seems to me that this article doesn’t have enough information to provide an argumentative case as to whether or not the franchise business is rip-off because there is no room for readers to really think it is a rip-off in the first place.
I agree with this article completely. Franchising can be a good way or bad way to start a business. It all depends on the franchise you choose to get involved in. In my opinion it would be much better to spend more money in start up fees to get involved with a bigger and much more well known franchise. Although this is more expensive it reduces the risk of failure since a lot of people already know the brand name and will be drawn to your franchise. Also these bigger franchises a lot of other franchisees and you can contact these other franchisees to make sure everything is good from the business model to how the franchisors treat the franchisee. In smaller less known franchises it is more risky because there are less franchisees to speak to and also a lot less brand name recognition meaning the business plan and advertising have to be really good. In the end it all depends on the research, hard work, and being willing to take a little bit of risk to be on the road to success.
ReplyDeleteThe article makes sense with how it lays out how the franchises work for the certain reasons and doesn't work for certain reasons. The part I disagree with is the fact that it says that it asks the question is getting a franchise a good way to start your own small business? The way I see franchising is that you aren't starting your own business, you are inevitably just a small piece in a bigger company. The franchisee doesn't really get to make important decisions that could improve the company drastically. The franchisee has to follow the guidelines set by the franchisor.
ReplyDeleteI mostly agree with the content on this article, but I didn’t see a strong case that suggested that the franchising business was a rip-off of any sort. The only relatively relevant arguments covered were that you could either get your unit franchise snatched away at any point after the contract expires and that the franchisor may require you to pay inflated prices on services or supplies from them or approved vendors disclosed under the franchise agreement. Still they don’t provide a strong case because all of this can be avoided with proper research. The article makes a much more strong case for how good the franchise business truly is and the different ways to avoid any possible problem the prospective franchisee may encounter when investing in a franchise business. It just seems to me that this article doesn’t have enough information to provide an argumentative case as to whether or not the franchise business is rip-off because there is no room for readers to really think it is a rip-off in the first place.
ReplyDelete