Do Now 1)What is a franchise? 2) What do you think is a benefit to opening a franchise?

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Do Now 1)What is a franchise? 2) What do you think is a benefit to opening a franchise?

Reminders News Article Analysis due FRIDAY!

10.9- Franchises Franchise- a business made up of semi- independent businesses that all offer the same product or services Franchisee- the individual business owner who pays a fee to the parent company

Advantages Independence- more independent than working for a business. Training- the parent company provides training on how to run the business Products- the parent company provides proven products Advertising- the parent company pays for advertising

Disadvantages Money- it takes a big investment to start You also have to share your profits with the parent company You do not have full control over the business

Independent Practice Shark Tank

Homework News Article Analysis due FRIDAY!

Exit Ticket 1) What is the biggest benefit to opening a franchise? 2) Is opening a franchise a guaranteed way to make money? Why?

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