BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Some feel that because franchise owners don’t come up with the original business concept, they are not “real entrepreneurs.” Of those people, some may even be asking, “Can an entrepreneur buy a franchise?” The answer is yes, of course! And this does not make you any less of an entrepreneur.

Detailed explanation-2: -So – to come back to the original question, are franchisees entrepreneurs? For me the answer is yes, franchisees ARE entrepreneurs. They’ve taken a risk and they’re launching, growing and building their own businesses with all the challenges and demands that that entails.

Detailed explanation-3: -Franchising falls under the umbrella of entrepreneurship as it is considered to represent an entrepreneurial partnership or cooperative arrangement between two types of entrepreneurs, namely, franchisors and franchisees (Gonzalez-Diaz and Solis-Rodriguez, 2012; Thaichon et al., 2019).

Detailed explanation-4: -Some who argue that franchisees are not entrepreneurs base their argument on the premise that they buy into a brand that is already well-known and respected. This is seen as an advantage that franchise buyers would not enjoy if they started their own business from scratch.