Franchising and Legal Forms, business and finance homework help

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Wrerila

Business Finance

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These are two separate discussion posts, both need to be completed. There is no word count requirement, however any references used should be in APA style.

Franchising Assume that you consider a franchising opportunity for your new venture in the fast-food industry. Assess the strengths and the weaknesses of this franchising opportunity for your new venture. Describe your decision-making process on whether franchising is a good choice for your new venture.

Legal Forms There are different legal forms of a business: corporation, limited liability company (LLC), proprietorship and the partnership. Which legal form will you choose to establish your new venture to be proposed in your Final Paper business plan? Why did you choose that particular legal form to establish your new venture? What are the strengths and the weaknesses of the legal form that you have chosen for your venture?


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Running Head: BUS 435: FRANCHISING AND LEGAL FORMS

BUS 435: Franchising and Legal Forms
Student’s Name
Professor’s Name
Course Title
Date

1

BUS 435: FRANCHISING AND LEGAL FORMS

2

Franchising Assume that you consider a franchising opportunity for your new venture in
the fast-food industry. Assess the strengths and the weaknesses of this franchising
opportunity for your new venture.
Franchise in fast-food industry offers an excellent opportunity within the industry.
However, there are both strengths and weaknesses of such a franchise.
Strengths
Owning a fast-food franchise results in an instant brand recognition. This way, the
business gains trust of consumers that could have taken many years to build. The kind of
familiarity as well as reputation allows the owner of the business to take over the franchise
without having to start from scratch to attract a good customer base. There is also instant gaining
of rewards due to the fact that the franchisor has gone before and taken the risks and learned the
ropes (Hansen, 2010).
Notably, with a franchise, customers tend to associate the brand with a given level of
service quality. It is not the business of the customers regarding who owns the business, rather,
the consistency with the offering of the products and services. There is the provision of the same
me...


Anonymous
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