Cameron has established a successful business and would like to expand.He is considering becoming a franchisor.Before taking that step,Cameron should:
A)make sure his business model is reproducible.
B)have a technical writer create an owner's manual.
C)partner with a lender to offer franchisee financing.
D)hire a master licensee to locate prospective franchisees.

Question

Quizplus · Accepted Answer

Before becoming a franchisor, Cameron must ensure that his business model is reproducible. This means that the business can be replicated in multiple locations by franchisees with consistent success. Without a reproducible model, franchising may not be sustainable or profitable in the long run. Creating an owner's manual, partnering with a lender for financing, and hiring a master licensee are all important steps in the franchising process, but they should come after ensuring the business model is reproducible.

Cameron Has Established a Successful Business and Would Like to Expand.He