Part 1: Listen to the podcast below, Choosing the Right Franchise, and answer the following:

• What’s the one best advice you heard from the speaker in the podcast? Explain.

 [17:29]

NOTE: If you have issues with the link, click on Media Gallery in the navigation bar and click the podcast to play (Epi 9).

A transcript in a Word document is provided by clicking on Attachments once the podcast is launched to play.

Part 2: Assume you want to open a franchise. Use the and to research one franchise of interest to you. Provide the following information:

• Name of franchise plus industry
• Fees and costs associated with opening this franchise
• Your opportunity cost of the franchise (refer to Chapter 1)
• The challenges you might encounter
• Your decision on whether or not you would proceed with this franchise; explain