Saturday, March 31, 2007

Business Models - Franchising

Franchising: http://www.startupnation.com/pages/start/Step2_p3.asp#s25

Gi Yong Ho & Park Sang Yeol:
Please post your 50 word summary here.

3 comments:

wanna be a jobs said...

Franchise is an useful business model when only business runner has not enough expericence but it can not be included in the essence of business in terms of the lack of the entrepreneurship of owner.

Sang-Yeol Park said...

When starting off a business, a franchise business is one of most popular and growing businesses due to its low risk. For example, if you want to run a Mcdonald’s which is one of the biggest franchises, there are not many things to do, but just make a contract with Mcdonald’s. Also some profits are guaranteed because of its brand value. On the other hand, you have to pay the upfront franchise fees and your creativity can be limited. Therefore, you need careful consideration and research before you make your own decision

Koreamaria said...

YongHo:
Articles, "runner" is Konglish in this instance, American "doesn't have". Don't understand pronoun reference of "it."

Your writing has many good words, but because of the grammar problems, I don't understand the meaning.

SangYeol:
Your use of second person after you have introduced the concept is acceptable as you use it in giving a specific example. However, the continued use of second person is not needed. Dropping the second person would make your writing more formal, thus more objective.

Maria