I hate goodbye's but they always come along. This blog is actually 25% of my score in an entrepreneurship course, it's been hectic working on it but also fun at the same time. The course is over so it's time to leave a farewell message. A big thank you to everyone that has viewed this blog, you've helped me pass my course and I hope the information provided in this blog has helped you too. Once again, thank you, i love u all.cheers 

Hi every one, last week was great........, i did a presentation on entrepreneurship, it was amazing and i was very happy to be an instructor for that moment.This is my work
   FRANCHISE

BY NDIFREKE UMOYOH

                 DEFINITIONS

—  FRANCHISE: It is a right granted by a business owner to another person or group of individuals, to use his/her trademark or trade name in selling goods and services.

  FRANCHISEE: Is someone or group of an individual who purchases a franchise. The franchisee than runs that location of the purchased business.

— 

—  FRANCHISOR: A franchisor is a company or a person that sells the right to use its name or operating systems to independent business owners. Example Mc Donald’s.

—  FRANCHISE is the licensing of a right to use a trademark or name; the payment of a franchise fee and some variant of a community of interest, marketing plan, control or assistance.

Killion, W. L., & Yatchak, S. J. (2008). BUT IT DOESN'T WALK OR TALK LIKE A DUCK: THE PERILS OF THE HIDDEN FRANCHISE. Gpsolo, 25(2), 10-44.

                                                   ADVANTAGES OF FRANCHISE

TRAINING AND GUIDANCE

—        Training and Guidance is the most important advantages of buying a franchise because the franchisor will offer both training and guidance to the franchisee which will lead to the success of the business.

BRAND NAME APPEAL

—  An individual or group of people who buys a well known business has an opportunity to succeed because people are aware or the goods and service is well known by the people.                

A PROVEN TRACK RECORD

Another advantage is that the franchisor will proved that the business will be successful and there will be a report from the owner that the business and units operation are doing financially well and that the management operating system are successful.

FINANCIAL ASSISTANCE

—  A franchise is a good investment because the franchisor will help the new owner to get financial assistance needed to operate the business successfully. Some franchisor personal help the franchisee to get money lend to start the business.

—   FRANCHISE IN NIGERIA

—  KENTUCKY FRIED CHICKEN (KFC): It is the world’s most popular chicken restaurant chain. It was founded by Colonel Harland Sanders in 1952 and it is based in Louisville, Kentucky. It has branches in America that can boast of a 59 year rich history of success and innovation.

— 

—  FRANCHISE IN USASUBWAY: It is a submarine sandwich shop founded by Fred DeLuca. It first shop was opened in Bridgeport, Connecticut in August 1965. It is today, the world’s biggest submarine sandwich chain with over 37,000 locations worldwide.