Business and Personal Finance © 2007Unit 6: Business Finance BasicsWebQuest Internet ProjectsWebQuest Franchise Ownership Task 1: Know the benefits and responsibilities of franchise ownership. (page 606) What is franchising? What costs are involved in buying a franchise? What should an owner expect from the company selling the franchise? What does a franchise owner owe to the franchise company? Find the answers to these questions and more through the links listed below. Write a paragraph describing the benefits and responsibilities of franchise ownership. http://www.franinfo.com/whatis.html http://www.ftc.gov/bcp/conline/pubs/invest/buyfran.htm Chapter 19 Task 2: Take these self-assessment tests to see if you are suited for franchise ownership. (page 614) How well do you know yourself? Is franchise ownership right for you? Jot down the answers to the questions on the two tests found at the links listed below. Then write a few sentences drawing a conclusion about what kind of franchise you might like to buy. http://www.franinfo.com/selftst1/default.html http://www.franinfo.com/selftst2/default.html Chapter 20 Task 3: Choose three different ice cream franchise opportunities and compare them. (page 639) Research franchise companies offering ice cream to consumers. Find out about their history, their approach to the marketplace, and how much the franchises cost. How do they sell? To whom does their product appeal? Where are their stores located? Write a few sentences describing each company's background, costs and fees, and the training and support offered by the franchise company. http://www.entrepreneur.com/franzone/cats/0,6587,12-12-0-FFQICECR,00.html Chapter 21 Task 4: Learn how to get the most out of employees. (page 682) Motivating employees is one of the keys to growing a profitable business. Sometimes, however, a person with the personality and vision to start up a new business may not have the people skills needed to effectively manage employees. Read more about how to motivate employees through the links listed below. Make a list of do's and don'ts. Write a few sentences about your own personality and whether you would make a good boss. http://sbinformation.about.com/cs/benefits/a/033003.htm http://www.entrepreneur.com/article/0,4621,303220,00.html Chapter 22 Task 5: Understand business leadership. (page 705) Great business leaders ask themselves tough questions such as these: What's the secret to building a great organization? How do you sustain consistent growth, profits, and service in an industry that can literally change overnight? In recent years, leadership has become a science that is taught in high schools, colleges, and graduate schools. Read more about leadership science through the links listed below. Write a few paragraphs about the key attributes of great business leaders. http://www.bpubs.com/Management_Science/Leadership/ http://www.hbs.edu/leadership/database/ |  |
