Paper Topic:
Discussion Board
Discussion Board [Name] [University] Discussion Board The discussion board confers Liz 's intention in the investment of a franchise business namely `Foods of Reality . Liz is basically a librarian but due to her sound knowledge in organic foods shop , she is ready to acquire a franchise business Managing a small business effectively requires thorough knowledge of business products , services , entrepreneurial related skills such as education , experience , knowledge , enthusiasm and talents (Scarborough 2008 . The success of franchise business depends upon the nature of business being operated and a spectrum
of customers interested in franchise business products and services . There are many advantages of acquiring a franchise business but , it has too a number of disadvantages which should be foreseen intellectually (Business Link
Advantages and Disadvantages based on `Franchise Agreement
Based on the franchise agreement , the following are advantages and disadvantages of franchise business of `Foods of Reality
Advantages
In-depth knowledge of business operation will be gained through the acquisition of franchise business
The required fixtures for the store will be financed and all inventories will be supplied at favorable prices by the franchiser
Employees training and professional advices and consultations will be provided `free of cost ' by the franchiser
A business opportunity will arise with the investment of a low cost as well as a network of customers will be established through the brand name of Foods of Reality
Exclusive rights for business location will be granted by the franchiser and no other entrepreneur will be allowed to open franchise in...
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