Business Law- Assignment Two
3. A) Big Burping Burgers should consider the following things before going for an expansion option: * Possibility of Growth: It is very important to do a research on whether your business model will be successful in another locality or in a different culture. As we know the taste of the consumers differs from place to place and culture-to-culture, so it is important to do the groundwork before going for an expansion. * Choose the best business form: Franchising, permitting, joint wanders and organization claimed plans of action each one have their own particular upsides and downsides. Some oblige more work or more forthright capital. Whatever model you pick will at last drive your income development rate for a long time to come. * Get the right partner: Securing the right business accomplice in every nation is the most obvious guideline for achievement. Make certain to check your potential accomplice's monetary status, impact and notoriety in the nearby business group, access to assets and encounter in bringing your nation's brand to his/her home turf. In more diminutive nations, make certain to additionally scout his/her political impact and history since governmental issues and business are frequently joined * Finance: Expansion always starts with the capital to be invested in it. Rory’s financial position should be more than good in order to meet the fund required for the expansion and also to meet the legal expenses. * Create a structure and protocol manual: By creating a structure and protocol we can make sure that all the franchising locations runs with the same standards as specified in the protocol. By doing so a customer can get the same burger and service even if he is 100 miles away.
B) Pros: * Franchises offer franchisors speedy business development basically supported by franchisees. *