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Unit 6 – Considering a Franchise

Unit 6 – Considering a Franchise. Entrepreneurship 110 Mrs. Melanson. Tuesday, November 22. HOMEROOM INFO All Week: Grade 12 Interviews Wednesday: Parent Teacher 4:30-7:30 Wednesday: Tin Can Challenge Thursday: Religion/Study Hall 6 Period Day Friday: NO SCHOOL FOR STUDENTS

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Unit 6 – Considering a Franchise

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  1. Unit 6 – Considering a Franchise Entrepreneurship 110 Mrs. Melanson

  2. Tuesday, November 22 HOMEROOM INFO • All Week: Grade 12 Interviews • Wednesday: Parent Teacher 4:30-7:30 • Wednesday: Tin Can Challenge • Thursday: Religion/Study Hall 6 Period Day • Friday: NO SCHOOL FOR STUDENTS • Parent Teacher 1:30-3:30 • Friday: Xmas Movie Evening

  3. Today We Will... Missing Summative Assignments Unit 5 Quiz Unit Checklist – Unit 6 Introduce LG 6.1: What is a Franchise? Tomorrow: Market Project Day – finish Business Overview section

  4. Monday, November 28 HOMEROOM INFO Today: French Interviews Today: Parent Teacher 4:00-7:00 Wednesday: Immunization Clinic if you missed the first Wednesday: Last day for grad class clothing Wednesday: Period 5 Raffle Assembly (2:30-2:50) Thursday: Homeless Workshop Thursday: STM Raffle begins $1 tickets for $1000 prize Thursday, December 15: Cabaret

  5. Today We Will... Missing Summative Assignments Unit 5 Test – those who haven’t written it Unit Checklist – Unit 6 Introduce LG 6.1: What is a Franchise? TOMORROW: MARKET PROJECT

  6. Key Vocabulary Franchisor Franchisee On your Key Vocabulary Sheet: • Write the term • Check whether or not you are familiar with the term • Show of hands **Keep this sheet to include new vocabulary**

  7. LG 6.1: What is a Franchise? KEY VOCABULARY – write it on your sheets Franchisor: the company that allows an individual to run a location of their business. Franchisee: the individual(s) who purchase a franchise.

  8. Top 10 “Foolproof” Canadian Franchises In your groups, brainstorm what you think the top 10 “foolproof” franchises in Canada would be…

  9. 10. Pizza Pizza Initial investment: $30,000 - $350,000

  10. 9. Shopper’s Drug Mart Initial investment: No initial investment

  11. 8. Harvey’s Initial investment: $500,000

  12. 7. M&M Meat Shops Initial investment: $350,000

  13. 6. Second Cup Initial investment: $300,001 - $450,000

  14. 5. Sports Experts Initial investment: $600,000

  15. 4. Subway Initial investment: $80,001 - $240,000 Fastest growing franchise in the world 2,335 locations in Canada $11.3 billion in sales worldwide

  16. 3. Canadian Tire Initial investment: $125,000 plus 25% of inventory value • $10.5 billion in sales

  17. 2. McDonald’s Initial investment: $300,000 Over 25,000 restaurants worldwide 1,003 in Canada $54 billion dollars in worldwide sales

  18. 1. Tim Horton’s Initial investment: $430,000 - $480,000 1,800 locations across Canada $2 billion dollars in sales in Canada

  19. BEFORE READING: Think Sheet Three questions to think about. Write your prediction in the space provided on your Think Sheet. Share your responses. Question 1 How much freedom does a franchisee have? Question 2 What contributes to the success of a franchise? Question 3 Who needs who more? The franchisee or the franchisor?

  20. During Reading: Think Sheet Write down the details from the text that support your prediction. If your prediction was wrong, write down the details that prove it wrong and change your prediction. Substantiation **Page number should be changed to paragraph number** Stopped here: Monday, Nov. 28

  21. Wednesday, November 30 HOMEROOM INFO TODAY: Immunization Clinic if you missed the first Tomorrow: Last day for grad class clothing Tomorrow: Period 5 Raffle Assembly (2:30-2:50) Thursday: Homeless Workshop Thursday: STM Raffle begins $1 tickets for $1000 prize Thursday, December 15: Cabaret

  22. Today We Will: • Unit 5 Test - if you haven’t finished it • Pass back tests • Review the answers to the questions on the Think Sheet • Market Project • Important points • Work on projects • Conferencing

  23. AFTER READING: Think Sheet Three questions to think about. Write your prediction in the space provided on your Think Sheet. Share your responses. Question 1 How much freedom does a franchisee have? Question 2 What contributes to the success of a franchise? Question 3 Who needs who more? The franchisee or the franchisor?

  24. Thursday, December 1 HOMEROOM INFO 6 PERIOD DAY: RELIGION/STUDY HALL TODAY: Homeless Workshop TODAY: Raffle Thursday, December 15: Cabaret

  25. Today We Will… • Handouts • Business Plan Template (1 per group) • Expectations and Deadlines handout • What you should have complete so far: • Business Overview • Management Profile • Market Survey • Today you are going to write the Marketing Research Section of your plan.

  26. Tuesday, Dec. 20 HOMEROOM INFO Ticketsfor the Xmas Dinner – early dismissal for Period 3 (12) Raffle Exam Schedules Thursday: Christmas Carol Sing Friday: Christmas Assembly Classes resume Tuesday, Jan. 10

  27. Today We Will Discuss the Saints Season Fair Review LG 6.1: What is a franchise? Introduce LG 6.2: Advantages and Disadvantages of franchising

  28. Saints Season Fair What did you like? What do you think could have improved? What advice would you give to students taking Entrepreneurship next semester?

  29. REVIEW: LG 6.1: What is a Franchise? Question 1 How much freedom does a franchisee have? Question 2 What contributes to the success of a franchise? Question 3 Who needs who more? The franchisee or the franchisor?

  30. Tuesday, January 10 HOMEROOM INFO Welcome back! No religion/study hall until Semester 2 Exam schedule

  31. Today We Will… Pass back Business Plans Missing Assignments – Conferences this week Introduce LG 6.2: Advantages and Disadvantages of Franchising Introduce LG 6.3: Types of Franchises Formative Review Tomorrow **Unit 6 Quiz Thursday**

  32. LG 6.2: Advantages and Disadvantages of Franchising Think of as many advantages to purchasing a franchise as possible and then share with the class.

  33. LG 6.2: Advantages and Disadvantages of Franchising Draw a T-Chart and fill in with short-hand notes AdvantagesDisadvantages

  34. LG 6.2: Advantages of Franchising • Lets you use a well-known trademark or name. • Franchisor provides you with assistance in areas such as: • site selection • equipment purchasing • national advertising • Bookkeeping • acquisition of supplies and materials • business counseling • employee training

  35. LG 6.2: Advantages of Franchising Reduced risk of failure Access to special financing and credit arrangements A proven system that has already been developed, tested and refined.

  36. LG 6.2: Disadvantages of Franchising The high level of control of franchisors over their franchisees. Must pay the franchisor an initial franchise fee as well as royalty payments and advertisement contributions. Frequent inspection and constant supervision. Mark-ups to supplies and equipment, thereby increasing your operating costs.

  37. Product Distribution Arrangements Not only use a franchisor’s product, but the complete method. McDonald’s Radio Shack, etc. Business Format Franchises LG 6.3: Types of Franchises Simply sell the franchisor’s products. Soft drinks Auto Dealers Gas Stations

  38. Franchise Review

  39. Franchise Assignment PREZI EXAMPLE – FRANCHISE ASSIGNMENT http://prezi.com/a_gryciewdk9/franchise-project/ Didn’t do this, but do it next semester…

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