The past 17 years. Because the owners want to retire, they need to sell the business in its entirety at market value. There are two other family members that work at the business; however, one S
also thinking of retiring soon, and the other has some past credit issues and cannot finance the
business. Therefore, neither of these employees is in a position to consider taking over the
business. Based on the information provided, what advice would you give this entrepreneur about
buying a family-run business? Give three recommendations for an entrepreneur in this situation.
Someone looking to buy a franchise needs to consider the brand's failure rate For example, in
2012. the sandwich franchise Blimpie had a failure rate of 45 percent while rival Subway had a
failure rate of 9.13 percent. In other words, almost half those who
a opened a Blimpie location
failed while
only about 1 in 10 Subway franchises failed. Give three possible explanations for this
difference.
Create an elevator speech' (two to
three sentences) an entrepreneur who purchases an
established business could use
to encourage customers to continue to patronize the business.
How could a business demonstrate its core value of treating all employees well?
0 Complete the table below by determining the type of risk (natural economic, or human) and
whether or not it is insurable.