Select one type of business and comparing and contrasting three different forms of establishing the business; as a new venture, purchase of an existing business, purchasing a franchise of the business. For example, if you decide to enter into the hamburger business, I want you to compare and contrast all elements of the business plan for establishing a new hamburger business, purchasing an existing hamburger business (you need to find an existing business of this type for sale online) and the purchase of a hamburger franchise business. Take into consideration the following:
1) the brand of the franchise,
2) the demand for the product/service being sold,
3) the cost of the franchise,
4) the franchise requirements such as initial capital,
5) training offered,
6) track record of the franchise,
7) the commissions you are expected to pay the franchise (typically this is a percent of sales), and
8) the amount of marketing performed by the franchise.