IB Business and Management 1.6 Franchising. Learning Outcomes Analyse the advantages and disadvantages of a franchise for both the franchisor and franchisee.

Slides:

Advertisements

Similar presentations

FRANCHISING AS A BUSINESS OPTION FOR SMEs Brian Duckett

Advertisements

CHAPTER Section 22.1 Franchising & Licensing Section 22.2 Exit Strategies Franchising & Exit Strategies.

Business Know-how Housing and Interiors. Entrepreneur A person who assumes risk of starting and operating a business for the purpose of making a profit.

Chapter 37 What is Entrepreneurship?. Entrepreneurship Entrepreneurship - Is the process of starting and managing your own business. Entrepreneurs – are.

FRANCHISING AUTHOR: ALPANA TREHAN CHAPTER-13 © 2011, Dreamtech Press :: Chapter 13 1.

Franchising Franchise is license to use a specific trademark or business format –Franchise is the license itself, not the physical outlet –Franchisee is.

Lesson 4.2 OWN A FRANCHISE OR START A BUSINESS

Topic: Franchising as the strategy of starting small business

Limited Companies A limited company is a separate legal entity from its members. This means the company can raise funds in its own right and any debt incurred.

What Is a Business Opportunity Chapter 6 Section 2 continued.

GCSE Business Studies Types of Business GCSE Business Studies Unit 1 Introduction To Small Businesses 1.4 Making the Start- Up Effective.

Agribusiness Library LESSON L060009: FRANCHISES. Objectives 1. Define franchise, franchisor, and franchisee. 2. Identify examples of agricultural and.

 Franchise  A contractual license to operate an individually owned business as part of a larger chain  Franchisor  The parent company that develops.

Franchising. Today, you will…. Understand the principles of a franchise Appreciate the advantages and disadvantages of using franchises Identify a suitable.

Chapter 4.2 Own a Franchise or Start a Business

Introduction to Business Unit II: Business Ownership and Environments.

Chapter Five Franchising. Chapter Focus Establish what a franchise is and how it operates. Articulate the difference between product (or trade name) franchises.

LICENSING & FRANCHISING Silvia Aguilar Eduard Morales Mateo Villa.

© Pearson Education 2010 Edexcel GCSE Business Unit 1 Exam Preparation What is added value? Added value – the difference between what a business pays its.

Accessing Resources for Growth from External Sources

Chapter 22 Contemporary Issues. Learning Outcomes On completion of this chapter you will be able to: Describe the following forms of emerging entrepreneurship.

Franchising: What is it? The Business Plan is Licensed by the Franchisor—The Franchisee pays for it (initial fees from a few hundred to several million.

1 FRANCHISE a business arrangement where one firm pays for the right to trade under the name of another FRANCHISER - the business which sells the right.

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

Franchise A franchise is a form of business ownership whereby a person or business buys a license to trade using another firm’s name, logo, brands and.

IB Business and Management

Franchising and Internet. Is it appropirate to apply the same principles which have been established for selective distribution André Lombart CMS DeBacker.

Business ownership BTEC unit 1. Learning objectives To describe the different types of business ownership To identify 3 advantages and 3 disadvantages.

Franchising Unit 1 Topic

BCEN 2900 ENTREPRENEURSHIP Chapter 6 Franchising.

IIE ENTR112 MANUAL 2013 STEPS IN DEVELOPING A FRANCHISE SYSTEM.

Franchising. Learning objectives Describe what is meant by a franchise Identify the advantages and disadvantages of a franchise business Justify why a.

Using Franchises. Next Generation Science / Common Core Standards Addressed! CCSS. ELA Literacy. WHST. 11 ‐ 12.8 Gather relevant information from multiple.

Franchises LEQ: What are the advantages and disadvantages of purchasing a franchise?

Franchising. What is a Franchise An or license between parties which gives a person or group of people (the __________) the rights to market a product.

Review: In your workbook… Identify FOUR legal structures that businesses might consider Identify FOUR legal structures that businesses might consider For.

1 SMALL BUSINESS MANAGEMENT Chapter Six Franchising.

GCSE Business Studies. Lesson Objectives £To describe what being part of a franchise involves (using franchisor and franchisee). ££To analyse two advantages.

J Entrepreneurship Starting New Business (Buying Franchise) Sesi 8.

ALL Define the two methods of growth Most Analyse organic growth Some.

1.5.4 Choosing the right legal structure

12-1 Strategies for Analyzing and Entering Foreign Markets Discuss how firms analyze foreign markets Outline the process by which firms choose their mode.

Franchises. Select a Type of Ownership Steps to purchase/start a business.

Chapter 7: Franchising and Entrepreneurship. Types of Franchising Business format franchising: Single Unit Multiple Unit Area Franchise Master Franchise.

B. OVERVIEW OF SMALL BUSINESS 3.00 Explain the legal environment of small business Compare forms of business ownership Franchises & Family Owned.

IRE SHA FCN FRANCHISE. Franchises Aim: Identify the characteristics of a Franchise Objectives: Define a Franchise Know the difference between a Franchisee.

Generating business ideas Lesson aims: To identify the various ways in which new business ideas are generated To understand the advantages and disadvantages.

Starter Beauchamps High School. GCSE Business Studies Franchise Beauchamps High School.

 Franchise - Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name.  Franchisee.

Business Ownership and Operations Freshman Seminar - Introduction to Business Bishop Kearney High School Dr. Hays.

Learning Objectives: To be able to define the types of business (E) To be able to analyse the advantages and disadvantages of the other types of business.

FRANCHISING Danielle Keusch. WHAT IS A FRANCHISE?  “ The right to use a specific business’s name and sell its products or services in a given territory”

© 2015 albert-learning.com Franchise FRANCHISE. © 2015 albert-learning.com Franchise Vocabulary Trademark : A symbol, word, or words legally registered.

Starter Say what type of business is shown in each picture = 5mins.

6 Reasons to Buy A Real Estate Franchise

Have you ever visited ……..?

Types of Organisations *****Profit Making*****

Franchising (cont’d) The growth of franchising

Objective: To understand the elements of a franchise

The ways to become a franchise Consultant. If you have to take an important task of matching potential franchisees with the suitable franchises for them,

Franchising Franchise Franchising Franchisor Franchisee

TOPIC: Topic 1: Business Organization and Environment

Franchising Franchise Franchising Franchisor Franchisee

UNDERSTANDING THE FRANCHISE BUSINESS MODEL A Journalist’s Perspective

How can businesses grow? [5mins]

Own a Franchise or Start a Business

Definition An agreement to use a company’s name, services, products, and marketing. Signs a contract and agrees to follow all of the franchisor’s (the.

Presentation transcript:

IB Business and Management 1.6 Franchising

Learning Outcomes Analyse the advantages and disadvantages of a franchise for both the franchisor and franchisee Evaluate the use of franchising as a growth strategy

FRANCHISING – WHAT IS IT?

What is a franchise? A franchise is an agreement or license which gives a business (the franchisee) the rights to operate using the name, logo and systems of another established business (the franchisor).

What’s This?

Video – How Franchises Work

How franchises work The franchisee invests the initial capital The franchisor supports the franchisee with training, marketing and advice The franchisee has to adhere to certain rules set by the franchisor The franchisee pays an agreed percentage of their sales/profits to the franchisor

Task – Subway Franchises Read the Subway Franchise Information Questions: What are the initial costs for the franchisee? What are the on-going costs? What support do Subway (franchisor) provide? What are the other benefits of being a Subway Franchisee?

Task – Create and fill in the table For the Franchisor AdvantagesDisadvantages For the Franchisee AdvantagesDisadvantages