1.4.1 The options for start-up and small businesses
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The concept of limited liability:
● limited and unlimited liability ● the implications for the business owner(s) of limited and unlimited liability. |
The types of business ownership for start-ups:
● sole trader, partnership, private limited company ● the advantages and disadvantages of each type of business ownership. |
The option of starting up and running a franchise operation:
● the advantages and disadvantages of franchising. |
Limited and Unlimited Liability
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What do you know is meant by the above words?
Why would anyone then choose to set up with unlimited liability? Richard Branson: Advice for Entrepreneurs Start at 46 seconds
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Types of business ownership: Sole Trader v Partnership v Ltd
Explain an advantage and a disadvantage using our 3 mark structure:
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What’s it like being a sole trader? | Business Studies - Music, Mud and Making Money
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Different types of companies – LTDs and PLCs | Business Studies - Music, Mud and Making Money
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Franchise
The key difference between: franchisor and franchisee?
Using the following site to research costs, support and conditions attached to a franchise? https://www.franchisedirect.co.uk/
What are the main advantages and disadvantages of being a franchisee?
How has the franchise model benefitted subway? Infographic
Using the following site to research costs, support and conditions attached to a franchise? https://www.franchisedirect.co.uk/
What are the main advantages and disadvantages of being a franchisee?
How has the franchise model benefitted subway? Infographic
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SUBWAY Story: How the System Works
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SUBWAY Story: Franchisees: Owning Stores
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How has the franchise model benefitted Dominoes?
How would a start up benefit from opening up under the Dominoes brand?
Related link: https://corporate.dominos.co.uk/franchising
How would a start up benefit from opening up under the Dominoes brand?
Related link: https://corporate.dominos.co.uk/franchising
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'Domino's Pizza: A Slice Of Life' Documentary (Channel 4)
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https://www.google.co.uk/search?q=dominoes+pizza+share+price&source=lnms&sa=X&ved=0ahUKEwj6k8m208XZAhVnJcAKHVEjA4kQ_AUICSgA&biw=1137&bih=681&dpr=0.9
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