Types of Private Sectors | Advantages | Disadvantages | Features | Sole Traders | * It is easier to set-up a business. * You can make all the decisions * You keep all profits the profits. * Accounts and records can be kept private. * They can provide specialist services. * They can also respond to customer’s needs and queries faster. | * They have unlimited liability. * Money can become very difficult to obtain. * Costs and prices are usually higher than the competition
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people around town‚ especially college students. As word spread about his sandwiches‚ Jimmy John’s began to gain acclaim and began to make money. (Gibbs‚ 2005) 1985 marked the opening of the second Jimmy John’s. Since then the sandwich shop franchise has continued to flourish with over 690 stores currently open nation-wide. The restaurant still bases its business on serving gourmet sandwiches with fresh ingredients. The difference between Jimmy John’s and the rest is that Jimmy John’s is “that
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To:‚ As part of our evaluation of your application‚ please carefully answer the following ten questions. If you have partners that will be on the franchise agreement‚ please have them answer these questions too. All answers and information you provide will be held in strict confidence. 1) Have you ever owned a business before? If so‚ how many units? Also‚ please tell us more about your professional background and education. Please include a current resume or CV. -CV Attached 2) Provide
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Written Report Assessment o Symptoms (Brainstorm – find 15+ symptoms; list 5 symptoms) 1. Decentralization of his business led to his unawareness of many problems throughout the franchise 2. Loss of Profit due to bad decisions 3. No Manager Power led to customer dissatisfaction 4. Poor Hiring Criteria because of employee role confusion 5. Expensive distribution 6. Shrinkage of Inventory 7. Bad flower quality 8. Inconsistent Growth 9. Lack of exploitation of the market (ie;misunderstanding
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FAST FOOD NATION Section I - The American Way Chapter 2 - Your Trusted Friends The concepts of conformity and organizational homogenization‚ while repugnant in a democratic society‚ can actually aid big businesses and more specifically franchises in promoting quality assurance and brand loyalty. Large corporations‚ such as McDonald’s‚ are able to maintain stability and control by removing any factors that may create unfamiliarity for their customers. The goal of McDonald’s is to create a fast
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would include the initial franchise fee of $30‚000‚ royalty fee of 6%‚ and $5000 renewal fee during the 10 year term of agreement. One would also need $100‚000 to $125‚000 liquid capital for the initial startup and running of the business. Location could also pose a problem because one would need an area sufficient for a restaurant style business. Some knowledge and experience in the restaurant and food industry would be very useful too. Supplier’s Power The franchise owner is essentially at the
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the number of stores‚ the franchise could build brand awareness which in turn would positively impact sales. The problem is only after achieving a certain level of sales could most franchisees afford the advertising and promotion. The other challenge was that rapid expansion led to resource constraints. I think he entered new markets without proper market. Operational management Market entry: Kitvhner handed responsibility for the opening to one of the division’s Franchise Services Managers(FSM).
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10 Partner 10 Role-Plays 11 Five Force Analysis 12 SWOT Analysis 15 Marketing Mix - 7P’s 16 Segmentation‚ Targeting and Positioning 17 HairXpreso Shop Management Key 18 Boards and Committees 20 Franchisee Local Level Marketing and Sales Plan 21 Franchise Agreement Highlights 22 Training and Development 24 Launch Program 25 Controls 27 Banking Operations 28 Taxation and Compliances 28 Risk Assessment 29 General Financials 30 Frequently Asked Questions 38 Executive Summary ‘Jawed Habib’s HairXpreso’
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what’s the problem here? Although the increase in tickets price is important‚ but when you there’s no control over the market‚ like this case‚ the original producers lose tremendously if we considered the black market prices. For instance‚ if the franchise sold the ticket for $100 as per the announced price‚ retailers in black market may buy hundreds and then sold them in $500! So what’s happened here is‚ the retailers in black market dominated a great portion of the tickets‚ especially the important
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com/article/mcdonald’s-look-brand-marketing>. Costello‚ Hollie. squeezing in some profit. 1 September 2000. 26 October 2011 <http://www.lookingfit.com/articles/2000/09/squeezing-in-some-profit.aspx>. Entrepreneur. Franchises. 26 October 2011. 26 October 2011 <http://www.entrepreneur.com/franchises/smoothieking/282804-0.html>. Jamba Juice. FAQ ’s. 26 October 2011. 26 October 2011 <http://www.jambafranchise.com/faq.html#q7>. Jamba‚ inc. 10-Q August 2008. 29 August 2008. 26 October 2011 <http://ir
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