Part 1: Listen to the podcast below, Choosing the Right Franchise, and answer the following:
- What’s the one best advice you heard from the speaker in the podcast? Explain.
[17:29]
NOTE: If you have issues with the link, click on Media Gallery in the navigation bar and click the podcast to play (Epi 9).
A transcript in a Word document is provided by clicking on Attachments once the podcast is launched to play.
Part 2: Assume you want to open a franchise. Use the and to research one franchise of interest to you. Provide the following information:
- Name of franchise plus industry
- Fees and costs associated with opening this franchise
- Your opportunity cost of the franchise (refer to Chapter 1)
- The challenges you might encounter
- Your decision on whether or not you would proceed with this franchise; explain
