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Session 10: Franchising your business

Session Quiz

  1. The advantage of franchising is it will provide investors to accelerate your expansion.
    2.

  2. There are advantages and disadvantages in franchising. Which of the following are advantages for the franchisor?

  3. How long should you run a profitable business before you franchise?

  4. Federal laws have basic jurisdiction over franchisors.

  5. The best place for a franchisee to learn the business is from another franchisee.

  6. Franchisees should have the authority to select their own locations.

  7. As a franchisor you must:

  8. What percentage of franchisees filing lawsuits indicates a faulty franchise concept?

  9. Why should the franchise fee be put into an escrow account and disbursed to franchisor upon opening of the store?

  10. In a franchisee operated store the employees are on the franchisor's payroll.

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spacer Deciding on a business | The business plan | Home based businesses | Financing the business | Business organization | Licenses and permits | Business insurance | Communication tools | Buying a business or franchise | Location and leasing | Accounting and cash flow | E-Commerce | Opening and marketing | Managing employees | Expanding and handling problems

Getting financial controls in place | Getting your team in place | Customer feedback | Achieving lowest expenses | Develop negotiating skills | Alternatives for capital allocation | E-commerce | Growth by duplication | Vertical integration | Franchising your business | Global expansion | Buying businesses | Public ownership | Selling your business | Considerations for family succession

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