The ICEDELIGHTS case brings up several important issues an entrepreneur and a potential franchise owner should consider. It also provides for a study in common sense thinking when evaluating a potential business idea. The main issue at hand is whether the team of Paul Rogers‚ Mark Daniels and Eric Garfield should invest in a franchise chain of ICEDELIGHTS stores throughout Florida. Furthermore‚ if they do invest‚ how big should the initial investment be‚ and how should they deal with outside
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22‚ 2010 ICEDELIGHTS There is good opportunity for ICEDELIGHTS and the franchisees who want to take on the venture. The first opportunity is the fact that all the franchisees are at an optimal time in their lives to start a new venture. They are in grad school‚ all have investment experience‚ and are not currently committed to jobs or spouses. This is the perfect time for them to get involved in a business. Technology also makes the opportunity positive. The fact that the ICEDELIGHTS business
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own business? Risks: • Individual debt from College/Graduate school would be added onto by the purchase of Icedelights franchise for Florida • Time commitment that might take all three individuals away from completing their MBA’s at Harvard • Additional opportunity costs of missing out on a almost-guaranteed job with a good company‚ salary‚ and title - post-graduation • Icedelights is more expensive for a new and unproven franchise • Giving up more than 25% percent of the company just to get
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might affect successful operation of a new business. However detailed planning‚ thorough analysis and well-carried out organization create good potential for a new business. In the provided case study‚ we will assess the probability of success for Icedelights franchise in Florida. Analysis will be done through evaluation of each step in the decision making process‚ close study of a financial data and Business plan as well as the examination of risks in case of failure. Mark‚ Paul and Eric are young
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