Franchising&Entrepreneurship

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Franchising as a pathway to entrepreneurship

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[object Object],Who are entrepreneurs and what is entrepreneurship – common definitions? About franchising – the basics. Franchising – specific entrepreneurial alliance. Franchising – an opportunity not a miracle. Introduction Entrepreneurs and Entrepreneurship Franchising Franchising as Pathway to Entrepreneurship Conclusion

Introduction - Doing Business 2008 Serbia - ,[object Object],[object Object],[object Object],[object Object],[object Object],84th 2007 86th 2008 Reforms = 0

Introduction - European Charter for SME’s - ,[object Object],[object Object],[object Object],Overall score 2,48

Introduction - Starting business in Serbia - ,[object Object],[object Object],[object Object],2008 Σ companies 6.338 Σ entrepreneurs 23.321 Taxi Construction Hair Cutting Consulting Bars & Restaurants Trading Entrepreneurs Companies

Entrepreneurs and Entrepreneurship ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Entrepreneurs and Entrepreneurship ,[object Object],[object Object],[object Object],For the person who actually starts his or her own business, the experience is filled with enthusiasm, frustration, anxiety, and hard work.

Franchising - Definitions - ,[object Object],[object Object],[object Object],Franchising is an example of a new entry that focuses on imitation to reduce the risk of downside loss for the franchisee .

Franchising as Pathway to Entrepreneurship ,[object Object],[object Object],Four qualities that franchisors want in franchisees: 1. good people skills, 2. ability to be coached, 3. general business skills, 4. access to capital.

Franchising as Pathway to Entrepreneurship ,[object Object],[object Object],For US franchises, t he most attractive prospects in Serbia is probably in the restaurant sector.

Conclusion ,[object Object],[object Object],The challenge is to run a business in today’s turbulent environment, trying to survive in market arena, fighting with competition for every customer.

Conclusion ,[object Object],[object Object],“ While franchising does provide opportunities, it does not create miracles .” 19 Questions about franchising”, IFA, www.franchise.org

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