b) Decide how much money you can afford to invest and how much you need to borrow.
c) When you have all the information you need, complete the application form of the most suitable franchise.
d) Identify the type of business you would like to operate in.
f) Do some market research.
e) Contact the franchisees operating in that business and ask them to send you information.
a) Shortlist two or three franchises and talk to some of the franchisees running these businesses.
b) Decide how much money you can afford to invest and how much you need to borrow.
c) When you have all the information you need, complete the application form of the most suitable franchise.
d) Identify the type of business you would like to operate in.
e) Contact the franchisees operating in that business and ask them to send you information.
f) Do some market research.
5 Have you _____ anyone a favour this week?
4 What kinds of companies would you like to _____
1 What was the last big decision that you _______?
Discussion
made
business with?
We’ve had this problem since the new machinery was installed.
He’s been ill since last Thursday.
I’ve known about the takeover for a few days now.
Answer
Question
2
4
3
5
1
6
Asking questions
None of local suppliers have necessary control units. Will need to fly in from UK at start
Need to invest in some retraining programmes
Road connections poor, especially in monsoon. Highway won’t be finished for years
Negative points
Positive points
Location
Infrastructure
(roads, railways)
Staff
Suppliers
Constructing
the factory
Cheap land
No problems to expand
Good rail connections to Mumbai
No plans for highway
Plenty of skilled workers as small factories in area already
Lots of suppliers in area
Only six months
With paperwork could take up to a year
3 Would you like to set up and run your own business?
Why? Why not?
1999
1989
Home care
Organic clothing
£20,000
€7,500
€60,000
£30,000-£40,000
300+
Almost 100
Young professionals, office workers, students
High
?
High
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