Franchising

Part 1: Listen to the podcast below, Choosing the Right Franchise, and answer the following: What’s the one best advice you heard from the speaker in the podcast. Explain. Choosing the Right Franchise Episode 9 [17:29] NOTE: If you have issues with the link, click on Media Gallery in the navigation bar and click the podcast to play (Epi 9). A transcript in a Word document is provided by clicking on Attachments once the podcast is launched to play. Part 2: Assume you want to open a franchise. Use the International Franchise Association ()FA) and American Association of Franchisers and Dealers (AAFD) to research one franchise of interest to you. Provide the following information: Name of franchise plus industry Fees and costs associated with opening this franchise Your opportunity cost of the franchise (refer to Chapter 1) The challenges you might encounter