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The Success Of A Franchise Essay - 1877 Words

A franchise is a business that distributes goods and services through a licensing relationship. This process is referred to as franchising. In franchising, there is a franchisor who is either a person or business that grants a license to a candidate to manage a business with their identity and products in return for intermittent payment of fees back to the company for the rights. The franchisor not only allows the new franchisee, the candidate that applied for the franchising license, the uses of their identity and products but also provides an operating system, the brand and any support they might need at any point. Franchising goes back to the middle ages when land owners would grant rights to peasants to hold markets and conduct business. Ray Kroc is credited with delivering the form of franchising as we know it today. Ray discovered the McDonald brothers’ hamburger stand back in 1954. The brothers had created a high-volume production system that allowed them to provide fa st service with consistent results at a low cost. Kroc became the brothers’ licensing agent and went out to Chicago recruiting franchisees. Today, McDonalds has over 36,000 restaurants worldwide and continues to grow their franchise each year. Buying the rights to a franchise has many advantages and disadvantages. There are many advantages to buying into a franchise. This form of business offers the feel and freedom of being a small business owner while being supported by a big business network.Show MoreRelatedThe Success Of The Franchise Industry1372 Words   |  6 PagesThe franchise industry is an industry that is highly visible to the public eye; mainly because of such names as McDonald’s, Kentucky Fried Chicken, Popeye’s, Burger King, Starbucks and the like. They all fulfill a service which the general public supposedly needs. From a simple fried chicken leg, to a strong cup of specialized coffee, or even a set of bed linens, they all serve a general purpose. Each one supplies the public with goods and services at a cheaper price. The people or individuals whoRead MoreEssay on The Success of the McDonald’s Franchise 1267 Words   |  6 Pagesflexibility that owning a business franchise creates provides this option. Success is not reached by simply creating a business, however. The level of success is measured by the size and efficiency of the business. Business growth is the driving force of the economy. The additional jobs and revenues created when a business expands allow the economy to grow at exponential rates. One of the fastest and most popular ways to increase the size of a business is to turn it into a franchise, which can then be purchasedRead MoreFranchising Is The Single Most Successful Marketing Concept Ever1192 Words   |  5 Pagesits success based on a widespread practise in capitalistic societies, known as franchising. Many entrepreneurs (the franchisees) have chosen to acquire a franchise to access the knowledge, the trademark, and the processes of a corporation (the franchisor); in o rder to sell a product, or provide a service under the business’ name. In return, depending on the franchise contract, the franchisee usually pays additional money for the start-up of his company, and annual licensing fees. Franchises are extremelyRead MoreFive Guys Business Analysis1162 Words   |  5 Pageschain that originated in Arlington, Virginia[-0] within the Washington Metropolitan Area[-1]. The chain sells mainly hamburgers[-2], hot dogs[-3] and French Fries[-4]. Five Guys enterprises has grown from a single family owned restaurant to a franchise with 450 locations in thirty states. Five Guys opened its doors to Arlington, Virginia in 1986. The restaurant was started by four brothers who were given the choice to start a business or go to college by their parents. The burger and fry shopRead MoreCompetative Advantages and Disadvantages of Subway Essay849 Words   |  4 Pagesallows its franchise to choose their own food suppliers, to ensure they can access the f reshest ingredients from their local markets. This gives Subway a competitive advantage by enabling them to produce nutritious sandwiches with the freshest ingredients. Hence their catch advertising tagline – â€Å"Subway – eat fresh.† A big reason for Subway’s efficiency success is due in part to Subway’s operations manual. Subway stores operate like a well oiled machine. When you enter a Subway franchise your willRead MoreMadison Square Garden Company Report1676 Words   |  7 Pages†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 6 Recommendations †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6 References †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 7 ABSTRACT The Madison Square Garden Company is one of the worlds’ few publically traded sports franchises with a long history of success. Starting up in the late 1800s in what is now the entertainment capitol of the world the Madison Square Garden Company has served as one of the world leaders in the entertainment industry and transformed into what is easily consideredRead MoreHow can Marketing mix model help Manchester United build its global brand?1165 Words   |  5 Pages Franchise is the best way to run an international business Name: Chao CHENG Tutor: Fraser Hamilton Date: 25/11/2013 Course: Academic Skills Table of Contents 1.0 Executive Summary....................................................................3 2.0 Introduction................................................................................3 3.0 Main Section.............................................................................Read MoreMcdonald’s Research Paper1394 Words   |  6 PagesThe Global Success of McDonalds MBA/521 Jan-7th-2012 Abstract When people think about the franchising concept, McDonalds usually comes up first as a prime example. Although McDonalds was not the first franchise business Isaac Singer, the inventor of the sewing machine gets credit for originating the franchise idea-the hamburger chain certainly exemplifies franchising success. The first McDonalds restaurant was opened by brothers Dick and Mac McDonald in 1940 on Route 66 in SanRead MoreThe National Football League : An Overview1059 Words   |  5 Pagesmagazine in an article analyzing the most valuable sports teams of the world, The NFL landed the most teams in the top 50 with 20 franchises(Badenhausen, The World s 50 Most Valuable Sports Teams 2015). The following statistics will be used to determine what causes the value of NFL franchises. There are many factors that can influence the value of an NFL franchise however I have narrowed it down to variables that I believe directly affect the value of an NFL team. Using a sample of the 32 NFLRead MoreMcdonald s And The Conventional Franchise Agreement Essay1150 Words   |  5 Pageshamburgers, chicken nuggets and french fries, and its growth is showing no signs of slowing down. A large part of McDonald’s success is due to its franchises, which currently take up 80% of their restaurants worldwide. Th e McFranchise, a coined term for McDonald’s franchises, has proven to be very lucrative not only for the company, but also for the franchisees. To become a direct franchise can be a difficult process, because the corporation holds its standards high and are very exclusive on whom they approve

Poverty It Affects Everything Essay Example For Students

Poverty: It Affects Everything Essay There are starving kids over in Zimbabwe. Eat your vegetables. This may sound familiar to most people when they were growing up. As a child, though, it is always assumed that Mom was just making up something so the vegetables would not be left over for the next days dinner. When that child grows up, however, his eyes will be opened and will realize that there really are kids starving in Zimbabwe and in every country in the world, even the United States of America. The people of this nation do not realize that poverty is a widespread thing. A census states that in the year 2000 275,917,000 people were found to be in a state poverty. 23,261,000 of those were under the age of six. Bacon cites, We must remember that we still have a great many poor people (250). Poverty affects everything. The three most common aspects of society that is affected by poverty are human needs, class, and lifestyle. The first aspect of society that is affected by poverty is human needs. Everyone has needs. The three most common are food and water, shelter, and health. If one is taken away, then there is no chance of survival. Poverty is the reason many people end up sick or without homes. To some it may seem that they are poor because they do not have more than one car for the family. As Bacon relates, But others are far closer to physical need (250). What is poverty? What is being poor? According to Encarta, poverty is the condition of having insufficient resources or income. In poverty there is a vicious cycle that seems almost unbeatable. For example, a man that lives in poverty only needs money to be out of poverty. To get money he would have to get a job. To get a job that would pull him, and his family, out of poverty, he would have to have references from past jobs. To get references from past jobs, he would have to have had a past job. This is where the cycle starts. It can only be broke n when the man decides to start at a small job and work his way up. That is the only way anyone can find a good job. The second aspect of society that is affected by poverty is class. Here in the U.S. there is supposedly no class system. However, it is not hard to see the difference between one street lined with broken down houses with pealing paint and another street with large houses spaced acres apart. The segregation of people into classes is unavoidable. If one has more money, one has more possessions. It is human nature to want the things that others have. Poverty also splits people into category by jobs. A CEO of a bank is not likely to be waiting for the next check to come in so he can feed his family. However, it may be all the burger-flipper at the local fast food place can do to take care of his wife and new baby. Also, social circles are formed because of poverty. People of different pay brackets probably do not shop at the same stores. If one person buys her food with food stamps, it is a probability that she is not going to go to an expensive international store that has their food fl own in fresh from different countries. A woman that is a member of many country clubs and saunas will most likely not want to go down to the local bingo hall. Poverty will always affect class. Only people can stop the segregation and start blurring the lines between the classes. .u48e48f82689cb122bcdf78c56b1df68a , .u48e48f82689cb122bcdf78c56b1df68a .postImageUrl , .u48e48f82689cb122bcdf78c56b1df68a .centered-text-area { min-height: 80px; position: relative; } .u48e48f82689cb122bcdf78c56b1df68a , .u48e48f82689cb122bcdf78c56b1df68a:hover , .u48e48f82689cb122bcdf78c56b1df68a:visited , .u48e48f82689cb122bcdf78c56b1df68a:active { border:0!important; } .u48e48f82689cb122bcdf78c56b1df68a .clearfix:after { content: ""; display: table; clear: both; } .u48e48f82689cb122bcdf78c56b1df68a { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u48e48f82689cb122bcdf78c56b1df68a:active , .u48e48f82689cb122bcdf78c56b1df68a:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u48e48f82689cb122bcdf78c56b1df68a .centered-text-area { width: 100%; position: relative ; } .u48e48f82689cb122bcdf78c56b1df68a .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u48e48f82689cb122bcdf78c56b1df68a .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u48e48f82689cb122bcdf78c56b1df68a .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u48e48f82689cb122bcdf78c56b1df68a:hover .ctaButton { background-color: #34495E!important; } .u48e48f82689cb122bcdf78c56b1df68a .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u48e48f82689cb122bcdf78c56b1df68a .u48e48f82689cb122bcdf78c56b1df68a-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u48e48f82689cb122bcdf78c56b1df68a:after { content: ""; display: block; clear: both; } READ: Economics (Law of Diminishing Returns) EssayThe third and final aspect of society that is affected by poverty is lifestyle. Poverty causes stress unduly on everyone in the family. Teenagers are tempted to turn to other things that will help them find security, something poverty will not give them. Adults are tempted to give up responsibilities and escape to something else. A boy might turn to drugs because his father was laid off this week for the third time in two months. A girl might turn to a boyfriend and become sexually involved, trying