7-Eleven
A Franchising Business
By : Deanna Rowland
How is 7-Eleven a Franchising Business?
7-Eleven owns a chain of businesses in the U.S. and internationally.
Quotes:
"7-Eleven is a product, a label, and a Franchise."
"The franchise and the virus work on the same principle, what thrives in one place will thrive in another"
-Neal Stephenson
"Franchising with the worlds #1 convenience store is easier than you think"
Questions?
How can you start a 7-Eleven?
- You need to get a loan first, which can be difficult, to start a new 7-Eleven.
What kind of liability does this business have?
- 7-Eleven has an unlimited liability. This is because one person owns the business and they assume all the risks and responsibilities that comes with it.