My essential question is "what is the most efficient way to transform your small business into a franchise?" My best answer would have to be sequential franchising. Sequential Franchising because if you may not know is when you franchise your business buy allowing others to take ownership of further chains and allowing them to either open further chains under your business name or sell the existing chain. The owners must prove to you that they are fully capable of operating the existing chain before opening more.
(2) What process did you take to arrive at this answer?
I arrived at this answer on my birthday March, 27. I wasn't getting my answers approved by Mr. Purther and I had asked him for help seeing what can I use that would answer my essential question. He gave me a couple things to look into of ways to franchise a business. I took these considerations and looked them up extensively while keeping the pros and cons of every method on a piece of paper. I can to a conclusion that sequential franchising and single-unit franchising, had a lot of similarities and made the most sense on how to transform your business more efficiently. About a week later I got my answer approved. I didn't know it was my best answer until I chose single-unit as my best answer and knew that I knew more about sequential franchising and that it makes more sense when franchising your business. By April 9th, I knew that sequential franchising would be my best answer. This was when we turned in our 3-Column Chart.
(3) What problems did you face? How did you resolve them?
In the beginning of the year I had no idea what I wanted to do for my senior project and was completely lost for about the first two weeks. Not until my friend from a different school said to do it on business related since I can always do hours with her mom and I decided that that wasn't a bad idea. Then choosing what part of business was even harder I knew i wanted small business because the mom had a small business that was doing well so I wanted to make that my topic. About two months in I needed more information and changed my topic to franchising this happened to work out because the mom is playing on opening further businesses. My answer two and three were also struggles I came upon. I did not get them approved till later on I didn't what to have as my answer until i talked with Mr. Purther and got everything straightened out. Also my blog itself had problems putting links that never really got resolved I don't know why this happened but seemed to happen to other classmates as well.
(4) What are the two most significant sources you used to answer your essential question and why?
The first important source would be my mentor Araceli Mendez, she helped me throughout my project gave me the right mindset to do my work and stay on track. I also got to give Mr. Purther credit even though he isn't a source I think he did help me.
The second source would be the article "Different Types of Franchising" By Dr.Callum Floyd
This article explained sequential franchising and single-unit franchising the basis of both of my answer two and three. Helped me understand it very well and helped search further articles and such.
