Do Now

1) What is a franchise?2) What do you think is a benefit to

opening a franchise?

Reminders

• News Article Analysis due FRIDAY!

10.9- Franchises

• Franchise- a business made up of semi-independent businesses that all offer the same product or services

• Franchisee- the individual business owner who pays a fee to the parent company

Advantages

• Independence- more independent than working for a business.

• Training- the parent company provides training on how to run the business

• Products- the parent company provides proven products

• Advertising- the parent company pays for advertising

Disadvantages

• Money- it takes a big investment to start• You also have to share your profits with the

parent company• You do not have full control over the business

Independent Practice

• Shark Tank

Homework

• News Article Analysis due FRIDAY!

Exit Ticket

• 1) What is the biggest benefit to opening a franchise?

• 2) Is opening a franchise a guaranteed way to make money? Why?