Case study - Franchising Example | Topics and Well Written Essays - 1000 words

- Franchising - Case Study Example The description will seek to apprehend four business ventures that John indulged in, and how they were substantial in building his career. The discussion will provide the merits and demerits of each particular venture; as well as, providing substantive recommendation that John could have opted at each business venture. Background One: Radiator Repair Based on the information presented in this extract, it is good to acknowledge that the radiator business has significant impact on John life. Firstly, John through the business got accustomed to running a service business. On this account, it is good to understand that the radiator business has significant challenges. The knowledge that the business has multi-customers with diverse needs hardens John, equipping him with the ability to handle different customer needs differently. Again, the knowledge that John conducted a family business has significant impact on how he could handle future business. Primarily, family businesses are challe nged by a plethora of factors, the concept of trust and authenticity often dominates different segments of the business. John was hardened to understand the essentiality having a manly figure in the business. This will later be reflected in his future business indulgence alongside different companies. However, there are categorical limitations of this business venture. Firstly, the consideration that radiator repair is a technical job which in any case have limited compensation is not a great idea for an employee. Again, his step-father never encouraged John to take over the franchise and in this case, John was relegated to the concept of a mere employee. In fact, the decision to leave the franchise is whole bestowed on the knowledge that his salary at the radiator business was not sufficient enough to manage his life. John had a family along the way and the radiator venture was not a substantive investment opportunity. In my opinion, John Leaving the radiator repair business owned by his father was a resounding move since it would enable him to look into a broader concept in learning new challenges of building a business from scratch. Background Two: Automotive paint touch-up A prominent character in John is his will to learn new things and his optimism. The idea to enter the automotive paint touch-up business was a bold step considered between John and Joan. The family reallocation to Colorado to build up the franchise was a realistic concept. According to the extract John and Joan did build the business for several years. The advantages of this business are the reallocation and consequently, building the business from scratch in an area which John and Joan lacked market. This was a logical step since it hardened John business concept making John understand the ideal reality of operating a business in a foreign environment. However, this strategy attracts criticism in some sense. Firstly, the knowledge that John and Joan left a prevailing market, in this cas e, John has start-up customers in the automotive industry is a dominion factor of consideration. John and Joan could have done successfully better if they continued with this alternative in Texas. Again, the consideration that this business was a blue-collar type of technical investment was not advisable venture considering John had deep dreams in