Entrepreneurship-Franchises- Buying a Franchise vs. Starting Your Own Business- Advantages (Pros) and Disadvantages (Cons)
This activity consists of students comparing buying a franchise to starting their own business. Directions consist of the following: Use the Internet to locate articles on buying a franchise vs. starting your own business- advantages/disadvantages of each, etc. You will need to find more than one article. In the table below, record the advantages (pros) and disadvantages (cons) of buying a franchise and starting your own business. The handout has a nice table that they will use to record their information. This will help students to visually see the differences between the two, advantages, disadvantages, etc. Students will also write a reflection paragraph in which they reflect on whether they would prefer to own a franchise or their own business after doing their research.
A very detailed answer key is provided for you.
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