Tiu, Samantha Nicole MODADV1 K31
11105313 Critique Paper
Franchising is a type of business venture that many people take on because it gives them an opportunity to own a business while being associated with a good brand name and reputation as well as being assisted throughout the process. It gives franchisees an ease of putting up a business given the fact that franchisors are helping them with several things such as advertising, equipment, inventory, training of employees and the like. That’s why we can see many businesses, especially food businesses, pop out in every corner like crazy mushrooms.
This type of business venture is becoming more and more popular because it is easier for the franchisees to just put up a franchise rather than opening an original business with the risk of not being successful. With a franchise, they are assured of the brand name that people all around already knows and a reputation that people have already trusted. They won’t need to go through the difficult process of gathering new ideas and building a good name or competing with the already known.
With that, here comes the franchisors that are ever willing to accept application of franchise because it gives them the opportunity to expand their business and distribute their products. It’s very advantageous for them not only because they are given this opportunity, but also because the franchisees would need to pay them.
Furthermore, franchising is a great way to find talented people to manage their locations and give them an incentive to work hard. Ha...
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...ally, there would be a down payment plus a note payable to the franchisor. With this, the franchisor is at risk whether or not the franchisee would be able to pay him. That’s why there are several ways to account for these fees. First, the franchisor can choose to accrue the initial franchise fee if he is reasonably assured that the franchisee would be able to pay. However, if not, the revenue is recognized on installment method, which means that the revenue is only recognized when there is already a cash collection.
Franchising has pros and cons both to the franchisor and franchisee. It’s up to them on how they would weigh both sides. They would have to see which side outweighs more before deciding. They can also opt to consult experts first before venturing into this business
Article: http://www.philstar.com/business/2013/08/31/1153291/pinoy-success-story
According to Chick-Fil-A’s website the process to own a franchise is lengthy and rigorous. Chick-fil-A: Franchise Application Information. (n.d.) “At Chick-fil-A, we believe that our success in a community is tied directly to the caliber of the individual fra...
Senior Management of PepsiCo is evaluating the potential acquisition of two companies – Carts of Colorado and California Pizza Kitchen – in order to expand the company’s restaurant business. If indeed PepsiCo decides to pursue the acquisition of one or both, they must decide how to align each of these business units in its historically decentralized management approach and how to forge relationships between the acquired business units and existing business units. In their evaluation, Senior Management is faced with the question of whether the necessary capital investment in order to purchase one or both of the businesses can be profitable for each of the acquired business units, but must also take into consideration that the additional business units will not hinder the profitability of the existing business units.
In “The Fish” by Elizabeth Bishop, the narrator attempts to understand the relationship between humans and nature and finds herself concluding that they are intertwined due to humans’ underlying need to take away from nature, whether through the act of poetic imagination or through the exploitation and contamination of nature. Bishop’s view of nature changes from one where it is an unknown, mysterious, and fearful presence that is antagonistic, to one that characterizes nature as being resilient when faced against harm and often victimized by people. Mary Oliver’s poem also titled “The Fish” offers a response to Bishop’s idea that people are harming nature, by providing another reason as to why people are harming nature, which is due to how people are unable to view nature as something that exists and goes beyond the purpose of serving human needs and offers a different interpretation of the relationship between man and nature. Oliver believes that nature serves as subsidence for humans, both physically and spiritually. Unlike Bishop who finds peace through understanding her role in nature’s plight and acceptance at the merging between the natural and human worlds, Oliver finds that through the literal act of consuming nature can she obtain a form of empowerment that allows her to become one with nature.
Spirituals: African American spirituals are a key contribution to the creation of the initial genre of jazz. African Americans used spirituals during the earliest turmoil of slavery. These spirituals were used as songs to sing during labor and an initial way of communication for the Underground Railroad. These African American folk sounds mixed with gospel hymns were sun fused with instruments such as the harmonicas, banjos, and other instruments that could primarily be found. This initial form of the music started to separate itself from the gospel rendition. This mixture of different styles of music fused and gave birth to such things as minstrel shows, ragtime, and other forms of music. The most important that spirituals truly helped develop, was Jazz. Spirituals were the first true form of Negro expression in the form of music. Marshall W. Steams, Professor of English Literature at Hunter College states that “The spiritual was created out of nowhere by a sort of spontaneous combustion of Negro’s genius” (125). This mixture of hymns and instrumental instruction took form into one of the most versatile genres known to date, Jazz.
The theme death has always played a crucial role in literature. Death surrounds us and our everyday life, something that we must adapt and accept. Whether it's on television or newspaper, you'll probably hear about the death of an individual or even a group. Most people have their own ideas and attitude towards it, but many consider this to be a tragic event due to many reasons. For those who suffered greatly from despair, living their life miserably and hopelessly, it could actually be a relief to them. Death affects not only you, but also those around you, while some people may stay unaffected depending on how they perceive it.
The purpose of the following paper is to be able to inform the reader(s) of the paper about the business goals of the ownership and operations of a Sports Bar Franchise. The topics of discussion will include the description of the goal of the business and subtopics of the types of goods and services that are provided by any Sports Bar Franchise, what types of customers will this business attract, and lastly, how and where the specified services are made available. The paper will also include dialogue about the strengths and weaknesses of an assorted of business organizations and which one would be most appropriate for the author’s business venture.
As my wife and I were pondering about how to meet our financial goals, we started thinking about which businesses we would love to be a part of and Chick-fil-a stood out way above any other. So I told my wife that I would look into Chick-fil-a’s franchise opportunity and I went to the website and learned some more about the company and saw that it would be a great company to be a part of. Especially after finding out the cost to startup. We don 't believe a person should go into great amount of debt to start a business. After letting my wife know what I found, we decided to start the application process online.
Philip Lief Group and Lynie Arden. 220 Best Franchises to Buy: The Essential Sourcebook For Evaluating the Best Franchise Opportunities. New York, NY: Random House, 2000. Print.
Kinsell, Krik. (June 2005). Factors to consider when planning consolidation. Franchising World, Vol. 37, Issue 6, pp. 63–65. Retrieved September 2, 2008, from: kirk.kinsell@ichotelsgroup.com
Fast food outlets actually have been existed from millennia in China, India and ancient Europe. In the past, many people cannot afford to have a kitchen and this becomes the main reason they buy their food in fast food outlets (Reverse Your Age, 2013). The perception of fast food started to change in twentieth century. The first company that change the culture and perception of fast food was McDonald’s, followed by their future competitors such as KFC, Burger King, Wendy’s, Taco Bell, Pizza Hut and Subway. As they get a good appreciation from the customers followed by the impact of the globalisation, almost all of the fast food companies have been expanded their restaurant chain in many nations (Wojtek, 2013). Nowadays, with our busy life schedule and the increasing trend where women entering workforce promote an opportunity for the fast food industry to grow bigger. We can see the significant growth from the fast food industry as the industry itself has been generated over $160 billion in 2012 compared to their revenue in 1970 which only around $6 billion (Franchise Help, n.d.). With this significant growth, it does not mean that every company in this industry are successful. Some company has to closed some of their stores due to the lack of environmental research and preparation in entering a new country which commonly lead to the poor selling rate. The deeper explanation and points that is mention below will be also represent as the industry current state.
Another strength is Burger King’s franchise development having 90% of its restaurants franchised. The franchise concept allowed the company to grow with minimal capital expenditure and receive royalties and fees. Burger King went above and beyond and created a new model of its restaurant to attract mo...
An evaluation of the restaurant’s strengths, weaknesses, opportunities and threats served as the foundation for this marketing plan. The plan focuses on the restaurants marketing strategy, suggesting ways in which it can build on new customer relationships, and development of new food products and targeted to specific customer groups.
A franchise, by definition is a legal agreement that allows one organization with a product, idea, name or trademark to grant certain rights and information about operating a business to an independent business owner. In return, the business owner (franchisee) pays a fee and royalties to the owner. This one-time fee paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, rights to use trademarks, management assistance and other services from the franchisor. This fee gives the franchisee the right to open and operate a business using the franchisor’s business ideas and products. A royalty fee is a continuous fee paid by the franchisee to the franchisor. The royalty fee is usually a percentage of the gross revenue earned by the franchisee. The Federal Trade Commission (FTC) is authorized by the United States Congress to regulate the franchise business. The Federal Trade Commission oversees the implementation of the Franchise Trade Rule, which requires that franchisors disclose all pertinent information to potential buyers of a franchise, and monitors the activities of franchisors.
Making the decision to open your own business is a major life event. Starting a new venture can be exciting as well as rewarding. The first step to becoming a business owner is choosing the type of business you would like to run. This business can be something that you have wanted to start up yourself or you can go with an established franchise. Are you willing to share the profits in exchange for the relative safety of a franchise or would you prefer the risk and rewards of pursuing your own vision? Franchising is a continuing relationship wherein a franchisor provides a licensed privilege to the franchisee to do business and offer assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration
Chakravarty, C. (2007). Burger King Likely to Adopt Franchise Model in India. The Economic Times, retrieved from: http://articles.economictimes.indiatimes.com/2007-01- 05/news/28458380_1_burger-king-restaurants-key-franchisees