Franchising Case Study: "Sir Speedy"
This clip describes the experience of a couple who elected to purchase a Sir Speedy printing franchise.
Franchising Opportunities
This clip explains that, by its very nature, franchising is a way of taking a successful business and packaging it in a system that can be duplicated. Franchises are popular with many entrepreneurs because they offer the chance to own and manage a b...
Eliminating or Minimizing Risk
This clip talks about ways to eliminate or minimize potential risks, such as buying an existing business or buying into a franchise. Sometimes, the clip explains, the best way to reduce risk is simply by using common sense.
Small Business Management Case Study: "Merry Maids"
This clip profiles a "Merry Maids" franchise in the home cleaning industry. The owner of the franchise does most of the staffing and controlling herself, although she relies on a Merry Maids software program for help with long-term planning.
Potential Disadvantages of Buying Into a Franchise
This clip explains that, when buying a franchise, the entrepreneur gives up much of the freedom that comes with starting a new business. This must be weighed against the advantages of purchasing a franchise, which are considerable.
Buying Into a Franchise: Doing Your Homework
This clip explores the sources entrepreneurs can utilize to locate a franchise that meets their needs. It adds that the most comprehensive source of information is the documentation franchisors are required by law to give to all prospective franchis...
Market Research
This clip explores the value of market research as an indicator of what potential customers--as opposed to just friends and family--think about a business idea.