In your own words, explain the five attributes used as bases in compiling the 500 best franchises. How do these attributes contribute to the success of those franchises? cost and fees size and growth • support brand strength and financial strength and stability.
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- 1. Write 2 products/services you want to pursue if you become an entrepreneur. 2. Identify your target market by answering the following question in the box provided below. a. WHO are your target customers? b. WHY are you targeting those people? c. WHAT is your goal in targeting these customers? Product/Service Target Market Who: 1. What: Why: Who: 2. What: Why:What's In Guide Questions: 1. What are the considerations taken in venturing into a new business? 2. What are the risks involved in venturing into a new business? (e.g. restaurant business). 3. Is there a market for the product/services you want to offer? 4. Are the products/services you plan to offer basic necessities or not? 5. Can you identify the players in the industry? 6. What are the salient features/competitive edge of the product/services your plan to offer? 7. Do you have the managerial competence and technical expertise to run the business? 8. Do you have distribution channels by which you can sell you products/services? 9. Do you have the financial resources to start and operate the business?What do you think will be the growth areas (in products, services, and geographic areas) for franchises in the near future?
- which one of the following is the stage that administritve activity that are necessary for profitability and efficiently are carried out within the process of business establishment? A) business plan B)Business development C)pre assessment D)fesbility reserachassume your are an entrepreneur starting a new business of plastic bags recycling into playground toy business. write a business plan following below heanding. 1. Executive summary 2.Company description (define mission, vision, company core strengths and which industry you are competing) 3.Industry analysis • Industry growth • Key players indirect compitater will be greentoy Inc • Services • Products offered 4. Problem identification – Gap analysis 7. Proposed solution to the identified problem 5Unique selling point 6 Target market analysis – Demographics, geographic, behavioral and PsychographicEveryDay Co. is a 24-hours grocery chain operated by you and other 2 partners. It is said that after launching the company, many disagreements arise due to the fact that each partner has its own way of running the business. Based on the case above, kindly answer the following questions. 1. If you were to launch the company today, outline what steps you would need to prevent such things to happen. 2. Given the case above, who is your target market? 3. Which industry would it fall under? Is it a profitable industry? 4. Who is your primary competitors? 5. How can you gain competitive advantage over your competitors knowing that you are a new entrant in the industry?
- One of the first steps for starting your own business is to decide what type of business you want to start. Take some time to think about this decision. Before proceeding, answer the following questions:• Why did you choose this type of business?• Why do you think this business will be successful?• Would you enjoy owning and operating this type of business?Please no written by hand and no emage Watch the short video from the link below read the information below the link and share your comments about franchises as family-owned businesses? Franchise Economy(Links to an external site.) Links to an external site. Family-owned businesses are the original mom-and-pops of Main Street, and they're feeling optimistic in the new year, according to new data. Pricewaterhouse Cooper's "US Family Business" survey finds family businesses are feeling upbeat on growth projections, as 79 percent of respondents expect "steady growth" in the next five years. What's more, 70 percent reported revenue growth in the past year, according to the survey released Tuesday. This sunny outlook is also in line with the National Federation of Independent Business' optimism index for December, which broke 100 for the first time since October 2006. PwC's survey was conducted among 154 family-owned and operated U.S. businesses across industries from manufacturing to…As part of an organisation that promotes women entrepreneurship, please assist with writing abusiness plan for a group of women who wants to establish a Fitness Centre for women. Write out a businessplan for them that encompasses the following:- Details of the Enterprise- Executive Summary- Mission and Objectives- Business Information/description- Personnel and Organisation- Market information (Limit to location, target customers, strengths and weakness of the enterprise). thanks,
- Explain the following as franchising benefits: * Training * financial assistance * operating benefits * an already established marketing network Explain the following franchising difficulties: * franchise costs * Restrictions on business operations * loss of independence * Risk of fraud * high potential for failureIf this means you’ll enter a new industry, how will you do that?There are three ways that are described in the book: new venturing, acquisitions,and joint ventures. What approach applies to your strategic plan based on theindustry you operate in?Vertigo is a lifestyle ecommerce store for your daily fashion needs. What makes Vertigo stand out from the rest is the quality of the products it offers. The brand features only premium products from top brands. Vertigo aims to be a go-to lifestyle shopping destination for customers who are looking for high-quality products. a) Develop a business model for the “startup” vertigo. You must discuss how all the components of the business model are integrated, working as a “Unified system”. b) Suppose “1 year after starting this business”, you face fierce competition in the market. How would you make “A Transformative Business Model” by bringing changes into the answer in Q.a) above.
