Franchise vs New Business Essay

Gaining profit is nonpareil of the reasons why most quite a little do argument. They buy stocks, start their own business, or the most everyday now is franchising. However, due to or so factors economy and competition- it is around risky to do so. Hence, in deciding, one should know the pros and cons of each.Deciding whether to invest money on franchise or start a new business requires well-educated the different features one can get be worth the appeal he/she has to pay for. This may seem to be a baffling issue that is why the organization JAM prep ard a manage regarding this issue. There were two groups, each group had discussed and rebutted.It is your own idea (originality), you are the boss and you can implement basic management principles (planning, masterling, etc) are some of the reasons given by those who favor starting a new business. But, we notice that the most of their answers were being repeated and not elaborated by providing circumstantial examples. An exa mple is the implementation of management principles. It would have been better if they have provided situations in which these can be used since these management principles can still be used in franchising. Furthermore, when they had rebutted the separate group, we noticed that they just repeated what the other group had said without elaborating it further. Despite some weak points, there are some ripe(p) things they had pointed out. They discussed that on starting a new business one can reap the fruit of its own labor. One has control with the business without the franchisors collecting fees. This may seem true since in franchising one cannot change the business. It is as it is.The group of franchising, on the other hand, pointed out that it is little risky since there is an existing business and a protective report card from the franchisor. One good point that they had discussed was the advantages of franchise. They talked about the continuous support from management, denote was not costly, and no required feasibility study. However, this strong point is somewhat their weak point for reason that they merely focused on discussing it without fence the other side. The time was consumed explaining them.In a nutshell, we can say that it went good since we gained idea on the advantages and disadvantages of the two. This will help us a dispense in the future on how best to use our money.