BLOCK 2 CONTENT:UNIT TITLE: Franchises, Joint Ventures, Strategic AlliancesWEEK 1 (Jun 22-26)Franchises-Definition. -Steps to sign a franchiseWEEK 2 (Jun 29- Jul 3)Franchises"-Reasons for a business to franchise -Reasons to buy a franchiseWEEK 3 (Jul 6-10)FranchisesApplied cases: Food franchises and automotive franchises (brands)WEEK 4 (July 13-17)Joint venturesBenefits and risksWEEK 5 (July 20-24)Joint venturesCreate a joint venture agreementWEEK 6(July 27-31)Strategic alliancesDefInition and importanceDATE:JUNE 22SUBJECT: ENTREPRENEURSHIPTOPIC: FRANCHISESAIM: To learn different growing options for business through franchises and also practice contract conceptsMiss Lay Wah Carolina Ching ChiangWHY IS GOOD FOR A BUSINESS TO GROW?

WHY IS GOOD FOR A BUSINESS TO GROW?ProfitsMarkets Grow As Economies Grow (normally)Increasing Financial NeedsStabilityCompetitionCHALLENGES OF GROWINGFinding and keeping customers Financing the businessDeveloping and updating a business strategy Hiring and keeping good employees at reasonable wages Economic uncertainty Decline in customer spendingLack of available capital DATE:JUNE 23SUBJECT: ENTREPRENEURSHIPTOPIC: SIGNING A FRANCHISEAIM: To learn different growing options for business through franchises and also practice contract conceptsMiss Lay Wah Carolina Ching Chiang3 OPTIONS FOR A BUSINESS TO GROW:FranchisesJoint VenturesStrategic Alliances

FRANCHISEIdentify this business

FRANCHISEA form of business organization in which a firm which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisor's trade name and usually with the franchisor's guidance, in exchange for a fee. Some of the most popular franchises in the United States include Subway, McDonalds, and 7-Eleven.

CHARACTERISTICS OF A FRANCHISE OWNER

CHARACTERISTICS OF A FRANCHISE OWNERReliability Leadership SkillsGood JudgmentGood at NetworkingFinancial AwarenessSTEPS TO SIGN A FRANCHISEStep One: Evaluate if Your Business is ReadyStep Two: Learn the Legal RequirementsStep Three: Make Important Decisions About Your ModelStep Four: Create Needed Paperwork and Register as a FranchisorStep Five: Make Key HiresStep Six: Sell FranchisesStep Seven: Support FranchiseesSOURCEShttp://www.forbes.com/fdc/welcome_mjx.shtmlhttp://blog.fcon21.biz/141/10-reasons-why-your-business-needs-to-grow-continuously/http://www.entrepreneur.com/article/60986Read more: http://www.investorwords.com/2078/franchise.html#ixzz3dkmYujCmhttp://www.entrepreneur.com/article/204998