Q1. One franchisee says, "Franchising is helpful because it gives you somebody [the franchiser] to get you going, nurture you, and shoves you along a little. But, the franchiser won'tmake you successful. That depends on what you bring to the business, how hard you are prepared to work, and how committed you are to finding the right franchise for you." Do you agree? Explain.

Q2.

Which method of valuing a business is best? Why? What advice would you offer someone who is negotiating to buy a business about determine its value?

Q3.

What factors should an entrepreneur consider before choosing a form of ownership?