Week 5 Reading Reflection

Week 5 

1. It is shocking to see how much work goes into franchising a business and spreading your company. It is a lot of looking at the company’s profit and weather you see an opportunity that more people around the world like your business and would be profitable for you. There is also a lot of legal business that I was not aware was so intense that needs to be taken care of in order for people to franchise a business under the prominent name.

2. One part that confused me was the section on assets. I was confused on everything that could be considered an asset. The book mentions that previous contracts could be used as assets and they are under looked. I feel as though I would miss a lot of potential assets.

3. If I could ask two questions to the author they would be:

Is it safer to franchise a service or product based company?

Would you want to join a franchise that is on the rise, or is already well-known?

4. I think the author did a very good job in going over this chapter of Pathways to Entrepreneurial Ventures and I have no complaints.