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Topic: Business
Number of pages / Number of words: 4 / 843
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In return, a fee is paid to the company, as well as a percentage of the revenue. It is becoming more widely known in the UK, but has been a good option in the USA for years. An example of a franchise could be the fast-food chain McDonalds, which is well known and a successful brand name.

Unit 2 – Opportunity Vs Idea

A Good Idea Is Not A Business

It is the opportunity, not the idea, that makes the business successful...


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A good idea is valuable, but it is simply not enough. It is the opportunity that can make or break a business. It is an idea that may get the business started, but the entrepreneur must be able to identify gaps in the market, as attempting to enter an already overpopulated market could make the business crash and burn before it has even started...


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