What are the disadvantages of buying a franchise comparing to setting up a new business ?

Running Head: FRANCHISE AND NEW BUSINESS 1

FRANCHISE AND NEW BUSINESS 2

Franchise and New Business

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Topic

What Are the Disadvantages of Buying a Franchise Comparing to Setting up A New Business?

Reason for choosing the topic

The topic is marked by an excellent research framework and a comprehensive business analysis approach. This case depicts the high note value that demarcates between setting up a new enterprise alongside narrowing down into Franchise. Importantly, it illustrates the system of management and the involved infrastructure. In this case, it gives a narration and analysis of day to day activity, which is essential in the decision-making process. On the same, the research topic provides the parameter of a high success rate and the best infrastructure to adopt (Kinch & Hayes, 2019).

Bibliography

Susan, W. (2020). Retrieved from https://www.thebalancesmb.com/should-you-buy-a-franchise-aa

As Susan Ward has outlined in his article, a typical entrepreneur should evaluate and the most effectively assess the model of starting a business. In her argument, the author gives the negative effect that comes along when buying Franchise. Despite the high success rate associated with this process, the business owner fails and lacks the franchisor's capacity share. In this case, one can be forced to work on assumptions and procrastination when making predictions. On the same note, the business's running is based on the business agreement's strict articulation. In this regard, there is reduced innovation, invention, and creativity in general. There are challenges in the sharing of profit as well as decision-making processes. Practicing sound principles of management is affected by restrictions issued. Business existence is affected by the operation scopes, capital return, and procedurals outlined when acquiring a trade and employment license.

Expected outcome

Upon research, the expected outcome should be a detailed result that is critical and profound when making the right decision. As an entrepreneur, the study's development should give an accurate picture of when starting up a new business compared to Buying a Franchise. Starting a new business has more advantages since the entrepreneur has the data and logical execution formulas that will grow (Kinch & Hayes, 2019).

 References

Kinch, J. E., & Hayes, J. P. (2019). Franchising: The inside story: how to start your own business and succeed! Harpercollins.

Susan, W. (2020). Retrieved from https://www.thebalancesmb.com/should-you-buy-a-franchise-aa