...group. Assignment Question: Choose a Franchise business (that is not yet in Malaysia) that you are interested in and justify how this franchise model is going to be successful in Malaysia. Required: 1. Choose a Franchise Business that you are interested in a Business proposal plan and explain how you are going to operate the franchise. 2. Some examples of Franchise Business that are yet to be opened in Malaysia are “Perfect Pizza”, “Godfather’s Pizza”, “Shakeaway”, “café Latte”, “Premier Sports” 3. The franchise Business can be in any area: F&B, Electronics, Retail, Education or Fitness. 4. You must explain the Franchise business model and how it operates in its country of origin and why is it suitable to invest in Malaysia. 5. Discuss each of the following Business Plan sections for your business: a) Mission Statement b) Objectives of the business c) SWOT analysis Assignment requirements: 1. The assignment must not be more than 12 pages, font 14, Times New Roman, Double Spacing. No special binding required, just staple your assignment neatly. 2. You may include graph, table or diagram in your assignment to make the assignment interesting. 3. Assignment should include the following Part 1 : introduction – The Franchise Business you choose, franchise name, background of the franchise Part 2 : Business Proposal - why do you choose this franchise and give a description of the business...
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...Subway Franchise Course Instructor’s Name 11 August 2012 Subway Franchise The franchise concept has several advantages for both the franchisor and the franchisee. For the franchisor, offering a franchise arrangement means an easy access to capital formation brought about by the investments of franchisees (Om Sai Ram Center for Financial Management Research, 2006). Furthermore, it provides incremental income for the franchisor through royalty payments. Another advantage of the franchise concept is that it makes possible a faster expansion program for the franchisor supported by motivated distributors in the person of the franchisees (Om Sai Ram Center for Financial Management Research, 2006). The franchisees stand to benefit too from a franchise agreement. The franchisee gets to experience entrepreneurial autonomy using a proven concept, often with extensive recognition of the brand name (Om Sai Ram Center for Financial Management Research, 2006). The franchisee also benefits from the training programs provided by the franchisor, coupled with continuing supervision of the store. Although there are advantages to owning a franchise, franchisees are faced with disadvantages too. Decision-making is quite limited since the franchisee should follow the guidelines set by the franchisor (Om Sai Ram Center for Financial Management Research, 2006). In terms of purchasing, the franchisee is forced to purchase supplies and equipment from the franchisor...
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...first year. 71 percent of businesses currently open will be shut down in 10 years. Understanding Entrepreneurship In Franchising Since failure rates are high, it's of no surprise that very few people will try their hand at it. Many people don't know that a way to become a business owner is to start a franchise. Franchises have less of a chance of failing and are actually do well monetarily. Using the same 10-year study from above, nearly 62 percent of franchises are still in business, an extremely high figure. Why Franchises Stay In Business Why is it that franchises stay in businesses longer than a startup company? Franchises have a large quantity of advantages that novice entrepreneurs don't have, which means the venture is less risky. Five Advantages of Franchises Advantage 1 - Training and Support Franchise businesses will give new franchise owners plenty of training and support in the beginning. Franchisers get a fraction of the profits so it's in the best interest to ensure that the spin-off franchises do well. Smaller franchises offer people consequential support. Advantage 2 - Purchase Company Model, Not Just Name The big reason franchises tend to last and thrive is that the business...
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...I decided to choose Wendy’s as the company that I wanted to research for their Franchise Disclosure Document. I chose Wendy’s because everyone knows that McDonald’s is the powerhouse in the fast food industry. However, I wanted to see how Wendy’s goes about their business to see why it is successful or why it is not. Wendy’s store was first open in 1969 in Columbus, Ohio. In 2013, Yahoo Finance named Wendy’s the number one stock in the restaurant industry. In 2015, there was over 5,000 Wendy’s franchises in the United States. I wanted to see how these franchises are doing. The people that are interested in starting the franchise have to go to a training program designed for managers. Once they go through this program, they may have...
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...forms of business ownership: sole proprietorships, general partnerships, C corporations, and limited liability companies. 2. Why do many entrepreneurs initially set up their businesses as sole proprietorships? Why do many successful entrepreneurs eventually decide to convert their sole proprietorship to some other form of ownership such as a corporation or LLC? 3. How do limited partnerships and limited liability partnerships differ from general partnerships and from each other? 4. What advantages help explain why virtually all large companies are organized as C corporations? 5. What steps are involved in forming a C corporation? 6. Describe the relationship between a corporation’s common stockholders, its board of directors, and its chief executive officer (CEO). 7. How does a merger differ from an acquisition? What is the difference between a horizontal merger or acquisition and a vertical merger or acquisition? Give a real world example of recent merger to illustrate each type of combination. 8. Compare an S corporation with a limited liability company. Why do you think limited liability companies are currently more popular than S corporations? 9. What are the main advantages and disadvantages of a business format franchise arrangements for the franchisee? For the franchisor? 10. What is a Franchise Disclosure Document (FDD) and why is it important? EXTRA CREDIT (5 POINTS) 1. Conduct an interview with an individual in your community who is running a...
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...Should the Kings Stay In Sacramento? For many years, there has been an ongoing debate about moving the Sacramento Kings to Seattle and becoming the Supersonics. Although it may sound like a great idea, there are good and bad consequences that come with them moving or staying at either city. The reason for such a controversial debate revolves around money and fans. A group led by the investor Chris Hansen had a deal with the Kings owners with the idea of moving the team to Seattle. Once the idea became known by everyone, the debate grew. The cities of Seattle and Sacramento both want the NBA franchise for many reasons. Having an NBA franchise in Sacramento will help the economy and fans, and will keep the only professional sports team in Sacramento. The reason Seattle wants the Kings franchise is because it will benefit Seattle’s economy. The franchise will be playing the next couple of seasons in Key Arena, and, in the meantime, a new $490 million arena will be built in downtown Seattle. According to a column in the Bleacher Report, “The public will pay $200 million and that money will be paid back using ticket sales and rent money. If not, Hansen himself will be responsible” (Lingberg). Hansen is getting the public on his side by using them to get the Kings to come to Seattle. With the Kings becoming the Supersonics it will help boost Seattle’s economy by opening jobs at the new arena, the expenses that will be made at the arena, and all the Supersonic merchandise that will...
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...going to the correct doctor for your ailment. We would not go to an ophthalmologist for a foot injury, so why would you go to a fast food restaurant for mediocre food when you can choose to have a better quality meal. Knowing the business side behind the restaurant will also show why people want to start their restaurant and why it is still here today. Today you will see why Team C, prefers Subway for its healthier option of food and why owning a Subway is more advantageous than owning Cousin Subs. Subway is one of the top sandwich shops to eat at. It is healthier than other sub shops and it is also cheaper to own a Subway franchise than other sub shops. There are many pros and cons for Subway. It has great tasting food and a great option for healthier subs. Another pro for Subway is that customers can make their own sub, and see how the employee is making it. Some cons for Subway are some sandwiches do not have enough meat. Since the meat and veggies are out in the open this is another con, people believe it is not as sanitary as other sub shops. There are also pros and cons with owning a Subway. It is cheaper to get into a franchise than other sub shops. To get a Subway franchise started the fee is 15,000 dollars. After that it can cost anywhere from 100,000 dollars to 250,000 dollars to get the franchise open and ready to serve customers ("Buying a Fast Food Franchise", 2014). Subway is very popular, they are seen on TV more than other sub shops, and have a lot of famous...
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...Allandis Burton Professor Lasala Marketing management Date: 5/31/12 Marketing strategy The organization for our marketing strategy is a food franchise that’s based upon customer satisfaction and healthy foods. We decided to put it in NYC one of the best locations nation’ wide. Eat-smart will be located in 169 Broadway, New York, not too far away from McDonald’s which is located on 160 Broadway new York, the reason why we choose this specific area because Broadway is known for having a big variety of people that walks in and out every day, the portions of customers and consumers in Broadway makes up about 65-80 percent according to www.foxnews.com last but not least Broadway is also a generic term that has grown with popularity over the past decade. Customers in New York City sometimes want and need a meal late at night so we will be open 24 hours from Friday-Saturday and Monday-Thursdays it will open and close from 8 a.m. - 12 a.m. The facility when you walk inside will have a very nice set up, the walls are blue and black to match up with the logos colors so we have a unique appeal. The name of our franchise is called Eat-Smart it’s similar to McDonald’s and Burger King but healthier. We have plenty of food to choose from whether its burgers, french fries, chicken sandwiches, etc; we also have ice tea different juices and soda as well. The prices of eat-smart’s food menu are affordable we have dollar menus and food specials so you can spend within...
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...Should College Athletes be Paid? Why should college athletes be paid or not? In this article it says, “Big time college football and basketball programs generate billions a year in TV and marketing contracts, tickets sales, and merchandising.” Why I choose this topic is because If the college players don't bring any money for the TV , tickets, and merchandising then that is wrong. They should, at least, have 10% of what they sell that has the player's last name on it .I am on the pro side why I am is because If a person buys an item that has something to do with them, then they should be paid a little amount of what the regular price is of the item. I am going to tell you a few Pros about college players getting paid. First of all, in the text it says, “ Big time college football and basketball programs generate billions a year.” My question is how does the franchise make billions a year. They make billions a year from the players who, when the games and consistently bowl games and don't even bring a little bit poor because people consider they are amateurs and they will do something poor with the money like use it on things that...
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...NOT a characteristic of a small business? Choose one answer. a. Provides goods and/or services to customers b. Provides society with social or educational services without concern for making a profit c. Establishes goals and meets them in an efficient manner d. Helps the economy by employing people e. Has 500 or fewer employees Question2 Marks: 1 What are individuals who take responsibility for the development of innovations of any kind within larger organizations called? Choose one answer. a. Crazy b. Entrepreneurs c. Inventors d. Intrapreneurs e. Engineers Question3 Marks: 1 Which of the following is one of the major reasons why people want to own and operate their own business? Choose one answer. a. To be their own boss b. To make a fortune c. To have complete freedom d. To have an easy life e. To eliminate all pressure Question4 Marks: 1 Choose the best answer to fill in the blank. The majority of Americans entered the business world by working for _______________, which are constantly creating jobs and providing opportunities for a vast number of workers. Choose one answer. a. Franchises b. Small businesses c. Entrepreneurs d. Sole proprietorships e. Not-for-profit organizations Question5 Marks: 1 Fill in the blank. The majority of all new jobs created in the United States in recent years were generated by _________________. Choose one answer. a. Medium businesses b...
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...Summary Case 8.1 Heartache and Financial Failure Introduction When a business struggles financially, not only is its budget stressed but the people who own and operate the business are often stressed as well. That’s why it’s so important that a business practice prudent financial management. Cold Stone Creamery Cold Stone Creamery was founded in 1988 by Susan and Donald Sutherland. The couple liked ice cream that was neither hard-packed nor soft-serve, and opened the first Cold Stone Creamery in Tempe, in the U.S. state of Arizona. In 1995, Cold Stone opened its first franchise in Tucson, Arizona, and grew quickly through the late 1990s and early to mid-2000s. in June 2008, a Wall Street Journal article, by Richard Gibson, examined the unusually high number of Cold Stone Creamery franchises that had closed or been put up sale by their owners, many of whom had severe financial losses and emotional distress. Challenges Facing Cold Stone Creamery Franchisees The following are the financial challenges confronting Cold Stone Creamery franchisees: 1. High prices in a tough economy. It’s hard to sell enough $4.00 scoops of ice cream in a difficult economy to support the overhead of a business that has a high overhead. 2. Saturated market. Cold Stone expanded rapidly and many franchisees complain that the stores are too close together. Its competitors also expanded in the 1990s and early to mid-2000s. 3. Believing the hype. Many Cold Stone franchisees bought in when...
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...Legal Forms of Business Kaley Hutsell LAWP/531 Professor December 3, 2012 Legal Forms of Business When beginning a business there are several things to consider. The first consideration should be what form of business will be used. There are pro’s and con’s to each option and it is important that every angle is considered before making a decision. This paper will provide examples and reasons for choose sole proprietorship, partnership, limited liability company, s corporation, franchise, and corporate form. Sole Proprietorship Rebecca wants to open a small town resale clothing shop. She has a small savings that can be used to pay the first three months rent and buy clothing from patrons to sell in her shop. With minimal legal paperwork required, typically nothing more than a small business license in the operating city, a sole proprietorship is the easiest way to go. Rebecca becomes the sole owner and does not require any input from others when making decisions regarding her business. The only negative to choosing this type of business is the fact that Rebecca also becomes personally liable for all business related activities, including losses and misconducts. Partnership Amy and Amanda are both licensed Cosmetologists that are interested in starting a salon. Neither individual has the capital to start one on their own. The two women decide that together they have enough capital to secure a location, the assets required to furnish the salon, and the knowledge...
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... This makes buying an established business a less risky venture and survival will be guaranteed. As a new owner of an established business you will already have well known established Suppliers and a license in place. One of the main reasons people buy an established business is that you will not have to pay out to buy equipment as it already comes installed with all the fixtures and fittings. Sometimes the seller may offer to work with you for a period of time which will help you as you get used to and acquainted with the business. However this there are also some disadvantages to this such as you will never know if you are buying into a business which is already at the end of the life or they may be flaws within the business which is why the seller is selling the business. Another disadvantage would be that customers may not stay with the business because of this change, which will make it harder for you to survive. In addition as a new owner you may be asked by the seller to pay a good will, which is an amount of money the new owner pays the seller if the business exceeds the assets. Although there are disadvantages I believe the advantages outweigh theses flaws. During my process of looking to invest in a business...
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...Discussion Forum Unit 2 The Green Bay Packers are a professional American football team based in Green Bay, Wisconsin, that competes in the National Football League (NFL). They are members of the league's North division of the National Football Conference (NFC). Green Bay is the third-oldest franchise in the NFL, organized and starting play in 1919.It is the only non-profit, community-owned major league professional sports team based in the United States.Home games are played at Lambeau Field. The Packers are the last vestige of "small town teams" common in the NFL during the 1920s and 1930s. Founded in 1919 by Earl "Curly" Lambeau and George Whitney Calhoun, the franchise traces its lineage to other semi-professional teams in Green Bay...
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...NOT a characteristic of a small business? Choose one answer. a. Provides goods and/or services to customers b. Provides society with social or educational services without concern for making a profit c. Establishes goals and meets them in an efficient manner d. Helps the economy by employing people e. Has 500 or fewer employees Question2 Marks: 1 What are individuals who take responsibility for the development of innovations of any kind within larger organizations called? Choose one answer. a. Crazy b. Entrepreneurs c. Inventors d. Intrapreneurs e. Engineers Question3 Marks: 1 Which of the following is one of the major reasons why people want to own and operate their own business? Choose one answer. a. To be their own boss b. To make a fortune c. To have complete freedom d. To have an easy life e. To eliminate all pressure Question4 Marks: 1 Choose the best answer to fill in the blank. The majority of Americans entered the business world by working for _______________, which are constantly creating jobs and providing opportunities for a vast number of workers. Choose one answer. a. Franchises b. Small businesses c. Entrepreneurs d. Sole proprietorships e. Not-for-profit organizations Question5 Marks: 1 Fill in the blank. The majority of all new jobs created in the United States in recent years were generated by _________________. Choose one answer. a. Medium businesses b...
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