Share
Explore BrainMass

The Advantages and Disadvantages of a Franchise

You Uncle Jack comes to you with a proposal. "I've been thinking," says Uncle Jack, " What if I give you some cash, no strings attached, for you to start a small business?" Dear Old Uncle Jack asks, "What would you rather do? Buy an existing business, buy a franchise, or start-up a new small business?"

What would be your choice? Buy an existing business, buy a franchise, or start-up a new small business from scratch?

Would you prefer to buy a franchise? What type of franchise would you buy? Explain why.

Be specific about the most important advantages and disadvantages of the type you chose.

My choice to be to buy a franchise, can you please help me with some of the advantages and disadvantages of the franchise?

Thanks

Solution Preview

One of the key advantages of the franchise, is the fact that franchises have an established and proven business plan, and a method of operations that you will be able to utilize, without having to spend the time to develop an operational methodology for your franchise. In addition, a franchise offers an individual an ...

Solution Summary

This solution describes the advantages and disadvantages of a franchise.

$2.19