Buy custom Different Types of Business Ownership; +'s and -'s
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 971 |
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For a franchise to be established, the other business whose name you are using has to give you the rights to do this. There quite a few advantages for the franchisee going into a franchise business, and they are;
? The franchisor provides a lot of help and support when setting up a business, such as;
o Sales techniques
o Equipment such as vans, computers and shop fittings
o Advice
o A trusted brand name recognised by the customers
o Goods or services to sell
? It is also easy to set up and run due to all the support provided
? Only a very small amount of franchises fail
The disadvantages of a buying into a franchise are;
? The franchisor only picks the people who are best suited for the job, and it is not always certain you will be able to buy into one, because of this
? It is the franchisor, and not the franchisee who decides how much money the franchisee needs to put in the business
? The franchisor has the right to end the franchise without reason or compensation
Limited Companies
There are two types of limited companies; they are Ltd’s and Plc’s...
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For a franchise to be established, the other business whose name you are using has to give you the rights to do this. There quite a few advantages for the franchisee going into a franchise business, and they are;
? The franchisor provides a lot of help and support when setting up a business, such as;
o Sales techniques
o Equipment such as vans, computers and shop fittings
o Advice
o A trusted brand name recognised by the customers
o Goods or services to sell
? It is also easy to set up and run due to all the support provided
? Only a very small amount of franchises fail
The disadvantages of a buying into a franchise are;
? The franchisor only picks the people who are best suited for the job, and it is not always certain you will be able to buy into one, because of this
? It is the franchisor, and not the franchisee who decides how much money the franchisee needs to put in the business
? The franchisor has the right to end the franchise without reason or compensation
Limited Companies
There are two types of limited companies; they are Ltd’s and Plc’s...
Essay fragment
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