Being a franchisor seems to be a mechanism for growth, but what are the growth prospects...

Being a franchisor seems to be a mechanism for growth, but what are the growth prospects for entrepreneurs that are franchisees? Isn’t the entrepreneur limited in his or her ability to pursue all the different types of growth strategies? Is being a franchisee simply substituting one type of employment for another type of employment? How can a franchisee grow his or her business (es)?

Expert Solution

I HOPE ITS HELPFUL TO YOU IF YOU HAVE ANY DOUBTS PLS COMMENTS BELOW..I WILL BE THERE TO HELP YOU...ALL THE BEST...!!

AS FOR GIVEN DATA...

Entrpreneurs who work as franchisees have fairly good growth prospects. They represent a company and foster a strong company culture, they endorse the brand of the company to reach out to business partners contacts which eventually pays off the company. Franchisees typically increase the market visibility of a company especially over the Internet. This is is not true, a franchisee has got full autonomy to execute their own strategy to function as it is itself a business entity. The only condition is it needs to focus on its parent company's products and services only. Franchisee is just a normal employment like otherwise, though it may have parent company's staff coming for promotional activities or inspection. A franchisee needs to have an strategic marketing plan, understand their competitors, network with fellow franchisees and exchange ideas, increase social media presence will definitely give them an advantage and sustainable growth.

I HOPE YOU UNDERSTAND...

PLS RATE THUMBS UP....ITS HELPS ME ALOT...

THANK YOU...!!

ekkarill92 answered 4 months ago

What are the prospects and challenges of the world economic growth?

Discuss the growth prospects of the Canadian economy in the next two years. What growth strategies...

Discuss the growth prospects of the Canadian economy in the next two years. What growth strategies would you recommend? (Keep in mind the structure of the Canadian Economy and the fact that it is an open economy.

What happens at mid-blastula transition? What is a common mechanism that seems to be at work...

What happens at mid-blastula transition? What is a common mechanism that seems to be at work in most embryos? Related to this, why are maternal-zygotic mutants have more severe phenotypes vs zygotic mutants? How can maternal-zygotic animals be created in the laboratory?

The growth of economies seems to go hand-in-hand with the growth of government involvements in the...

The growth of economies seems to go hand-in-hand with the growth of government involvements in the economy, including the explosion of regulations. Pick an industry and discuss the role of regulations in influencing the conduct of firms in the industry.

You isolate a new drug that seems to kill bacteria. To understand the mechanism of the...

You isolate a new drug that seems to kill bacteria. To understand the mechanism of the bacterial death, you do two experiments where you grow the bacteria in the presence of either radiolabeled methionine or radiolabeled uracil and then resolve the proteins or RNA as appropriate. Although the signal for the radiolabeled RNA stays constant in both treated and untreated samples, the amount of radiolabeled proteins is reduced in the treated sample. A. Hypothesize how the drug is killing the...

# 7: How to Fix the Great American Growth Machine What seems to be Alan Greenspan's...

# 7: How to Fix the Great American Growth Machine What seems to be Alan Greenspan's thesis toward achieving sustained economic growth? Imagine that a version of the World Economic Forum was held in Davos four centuries ago. From across the globe, the great and the good of 1618 gather in the Alpine village: Chinese scholars in their silk robes, British adventurers in their doublets and jerkins, Turkish civil servants in their turbans and caftans. They have come together to...

What are the synthesis methods for carbon nanotubes? What is the general growth mechanism for CNTs?

What are the synthesis methods for carbon nanotubes? What is the general growth mechanism for CNTs? List at least 2 potential applications for CNTs. What are the synthesis methods for silicon nanowires? List at least 2 potential applications for SiNWs.

Vickrey-Clarke-Groves mechanism seems to be a good solution to the public good problem. But we do...

Vickrey-Clarke-Groves mechanism seems to be a good solution to the public good problem. But we do not see a frequent application of it in real world. What could be the reason(s) of this situation? Do some search, explain the weaknesses of the mechanism.

What kind of support does a franchisor need to provide? why is it important?

In estimating terminal value for a company or project, future growth seems to play a very...

In estimating terminal value for a company or project, future growth seems to play a very important role. Why is this case? How can the future growth be determined? Besides growth-related estimations for terminal value, what other approaches might analysts use in their forecasts?

Question