Case scenario:
You Uncle Jack comes to you with a proposal. "I've been thinking," says Uncle Jack, " What if I give you some cash, no strings attached, for you to start a small business?" Dear Old Uncle Jack asks, "What would you rather do? Buy an existing business, buy a franchise, or start-up a new small business?"
Question 1: What would be your choice? Buy an existing business, buy a franchise, or start-up a new small business from scratch?
Question 2: Would you prefer to buy a franchise? What type of franchise would you buy? Explain why.
Question 3: Be specific about the most important advantages and disadvantages of the type you chose.
Question 4: My choice to be to buy a franchise, can you please help me with some of the advantages and disadvantages of the franchise?