Franching lesson

8e8d1c53-b103-49d6-942c-f2c38e04ea9c (image/jpg)

Franchising

Learning Objective: To understand the advantages and disadvantages of buying a franchise rather than starting up your own business To understand why businesses want to franchise their brand rather than expand internally

Caption: : Target by 2020 - Over 10,000 outlets worldwide

Video Clips

http://www.bbc.co.uk/news/business-17192065https://www.youtube.com/watch?v=6fidL51oakghttps://www.youtube.com/watch?v=oZXx7fKM7Lg

Reading Notes

http://startups.co.uk/what-are-the-pros-and-cons-of-becoming-a-franchisee/This article covers the pros and cons of being a franchisee.http://www.entrepreneur.com/article/226489https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-franchising-your-businessThe above articles cover the pros and cons of franchising a business i.e. selling franchises to others giving them the right to use your brand in a specified geographical location.

• Franchising flashcards