Every entrepreneur has Certain expectations and goals when choosing a business.
1.1 what is a close corporation in business? Give one examples.
1.2 you are a grade 7 teacher leading a discussion on the different kinds of franchising.
1.3 what are the issues to consider when discussing about capital requirement for a franchise.
1.1A close corporation is one whose shareholders and directors have the same rights as partners in a partnership. Close corporate shareholders, for example, are unlikely to hold formal annual meetings.
1.2 Types of franchising.
Product (or Distribution) Franchise.
Business Format Franchise.
1.3Issues to consider;
The business model is consistently profitable.
The business model is reproducible.
The franchised business will benefit from the economies of scale or the collective purchasing power of a large number of franchisees.
There is a large market of potential franchisees.