Franchise – Sweet Jesus 1) Sweet Jesus is a soft-serve and espresso-inspired dessert hot spot, featuring unique and creative treats unlike any other where imagination, artistry and incredible flavours come together to create a social media frenzy. It requires a $200,000 - $500,000 as the start up capital and a $40,000 franchise fee. (CFA) 2) Established Brand and Customer Base. By far, the best advantage of buying an established franchise is the strength of the brand and loyalty of its customers. The Franchisor usually provides training on how to successfully run your business and the training to the staff, which is, something you won't get from an independent business owner. Ongoing research and development, new products. Franchisees can stick …show more content…
5) Successful franchisees are risk averse. We are willing to take some risk but want that risk to be as small and controlled as possible. Any business start-up involves some risk of failure, but a strong franchise with a proven track record of success will minimize this risk. Successful franchisees do their homework, so we know what we are getting into. A good franchisee, will need to lead others on the team to excel. This means, developed skills to this point in both personal and business life that will make me an effective leader in a business situation. Also, the ability to deal well [Type here] Kanishka Edirisnghe with customers, suppliers and employees. Making solid business decisions that help the company be successful in the long run is necessary for a good leader. The last attribute of most successful franchisees is that they are willing to do whatever it takes to make their business successful. Many people think that being a business owner means you take a lot of time off and are free to sleep in as you please. This may be true of some franchisees but it does not happen overnight. A lot of hard work is needed the first couple of years you are …show more content…
Also, harmonizes and matches employees' needs and aspirations with organizational needs and aspirations. [Type here] Kanishka Edirisnghe 8) (htt1) Relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the main model of price determination used in economic theory. The price of a commodity is determined by the interaction of supply and demand in a market. The resulting price is referred to as the equilibrium price and represents an agreement between producers and consumers of the good. In equilibrium the quantity of a good supplied by producers equals the quantity demanded by consumers. (investopedia) [Type here] Kanishka Edirisnghe 9) Vanilla pays a vital role in the dessert industry. Due to a poor harvest in 2015, the price of Madagascan vanilla, the dominant producer of vanilla, has surged by nearly 150 percent in the last year. The price of vanilla is so high due to its long and labor-intensive cultivation. Vanilla is already the second most expensive spice in the world, only beaten by saffron. (guardian)This situation will lead to lower supply of desserts which will increase the price of the