HOTEL PRACTICUM ON SHAKEY’S G/F Ever Gotesco Commonwealth, Commonwealth Ave Commonwealth, Quezon City (02) 777-77 Department of Hotel and Restaurant Management and Tourism Access Computer and Technical Colleges Zabarte Branch 3/F C.I Plaza Quirino Highway Corner Zabarte Road Novaliches Quezon City Submitted to: Mr. Omar Palao Submitted by: Sharmaine B. Nunez Rina Verazon Lyn Ramirez Regine Dioquino Bryan Nieves Dexter Santolaja Gilbeys Linang John Victor Jimenez
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Franchises & Business Plans What is a franchise? Using examples from the real world, explain three advantages to the franchiser and to the franchisee. A franchise is where a business with a well-known brand name (the franchisor) lets a person (the franchisee) or a group of people set up their own business using that brand. This is in exchange for an initial fee and continuing royalty payments (a certain percentage of turnover or profit) for as long as the franchise lasts. A franchise is not
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Max's Restaurant's beginnings started in 1945, after World War II. Maximo Gimenez, a Stanford - educated teacher, befriended the American occupation troops stationed at Quezon City. Because of this friendship, the soldiers regularly visited Maximo's nearby home for a drink or two. Later on, the troops insisted that they pay for their drinks. This prompted Maximo to open a cafe, where the troops could enjoy food and drinks. The cafe initially served chicken, steak and drinks. Maximo's niece,Ruby
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Entry Strategy Australia has nearly 1,200 franchise systems, with more franchising outlets per capita than the United States, and has been referred to as the “Franchising Capital of the World”. For many Australians, owning and operating their own business is a lifelong dream, and franchising is a relatively low-risk way to achieve this goal. This form of business is fast-growing, and more than 400,000 Australians are employed as a result of franchising (Vucic). Since 2010, franchising has grown
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CREATING A BUSINESS PLAN AND COVER LETTER What Is A Business Plan And Why Write One? A business plan is a clearly written analysis of your company. It explains the industry in which you compete, your company’s goals and objectives, and your plan to meet these goals. It also provides a management tool that allows you to guide your business, and measure your success against projected goals, which, in-turn, allows you to assess whether you are meeting you goals or not. • A business
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to make profit and to grow. There are 3 business sectors in the UK, these are Private, Public and Voluntary sectors. Types of businesses in UK? The private sector has different categories which are sole traders, partnerships, companies and franchises. A sole trader is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. Being a sole trader is considered the simplest way to run a business as it does
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it is not mandatory except for Project courses". Case Scenario 1 India a hot spot for franchising As franchisors have found wringing impressive growth rates from the domestic market increasingly difficult, they have begun to export their franchises to international markets, including those with developing economies. Indeed, franchising is ideally suited for developing economies because it allows people with limited business experience and financial resources to become part of an established
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existence. This case study analyzes the strategic initiative taken by each CEO and assessment of these initiatives. Ray Kroc, 1955–1973 Ray Kroc founded McDonald’s Corporation in 1955. He bought the rights from MacDonald’s brothers to open the franchises all across the country. Illinois was the first place to have McDonald. Ray Kroc adopted the ideas of simple, limited menu and easy steps of food. He gave the world with the most famous gold arch logo of the McDonald. Centralization, uniformity
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technology in their franchises. In Jason Daley’s article "How Technology Is Revolutionizing the Franchise World" he quotes Tariq Farid saying, “I think franchising is an amazing model, but technology is not in the comfort zone of a lot of franchise leaders. They don’t understand that the point of technology is to make life easy so franchisees can focus on growing their business, not running their business.” (Daley). Many of this new found technology is being applied by some franchises like Buffalo wild
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address * G-Mart has many social event as a part of their responsibility to the environment * G-Mart also provide online ticket booking: airplane and train. Also, we can buy the credit and pay the other invoices * The chance to do the franchise is open widely. Weakness * Some of the areas still did not know yet G-Mart due to lack of promotion * The product that G-Mart is not completed and only sell the basic needs * Not following the trend
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