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Franchising as a Successful Method of Business
TŘEŠTÍK, Miroslav
Last 25 years, franchising as a system of business reach a dynamical progress thanks to the easier breaking through technological and political barriers in diffusing information. These days, there are lots of famous companies, all over the world, that are using this way of business and they are very known and successful with very strong position in market environment (environment of market). The most successful ones get to the global meaning. We have already known, franchising can significantly reduce business risks. Nowadays there are about 16 thousands independent concepts in working condition that are satisfying their consumers. The main goal of this work is to characterize franchising business, explain the heart of matter and show its weaknesses and strengths. I will take an actual case of company and decide about profitability of this way of business. The whole work is divided into two parts. As an introduction I deal with features of franchising, its evolution, present situation, definition and interpretation of ideas. Then I compare this system with others and describe different kinds of franchising. At the end of the first part I describe state of affairs during foundation of new franchise company and describe situation in Czech Republic after joining in the European Union. In the second part I go in for the concrete concept in detail. I describe whole concept, show its strengths and weaknesses and its uniqueness. I illustrate simplified economical balance and mention about necessities necessary to become a franchisee. For different activities are different kinds of business the best choices. Experience shows, we can use this way of business in real estate and many others. Communication between franchisor and franchisee is very important. Founders of this concept offer to consumers something new, unique not even in the Czech Republic, but also in abroad. It can demonstrate an interest of external interested persons.
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