Question

In: Economics

Describe a small business or franchise that you or someone you know owns and operates. Do...

Describe a small business or franchise that you or someone you know owns and operates. Do they enjoy running their own business? If you do not know anyone that owns a small business or franchise, speak with someone who has worked for one, and describe their experience.

At least 150 words.

Solutions

Expert Solution

A friend of mine owns an outlet of Mc Donald. His outlet is in the city centre with hustle and bustle of city life. Owing a food outlet means providing quality food as per the government guidelines, so providing healthy and hygenic food and cherishing moments to his customer is his main objective. The staffs of the outlet are dedicated towards quality assurance since the outbreak of Covid-19. The whole processing and packaging of food is untouched and safe.

He enjoys running his own business as this gives him Financial stability. Moreover it provides him the oppourtunity to understand the market and preferences of the people of different culture and backgrounds. Earlier it was quite boring for him to indulge in such a profession and spend the entire day in the same place. Running his own business has provided him managemnent skills and how to manage a healthy work environment. Also it gives him pleasure that he has given employement to 10-12 peoples in his outlet. He is financially independent and a tax paying citizen. He enjoys the view of family and friends enjoying their leisure in his outlet.


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