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The Advantages and Disadvantages of a Franchise

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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

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This solution describes the advantages and disadvantages of a franchise.

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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 ...

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