Thursday, January 16th

Today we learned about franchising. Franchising is when someone can open up a new store of an already existing firm. Like opening a new subway or jimmy johns. This is a lot less risky for entrepreneurs because they already have brand recognition and they are usually given a straight forward outline from the company. We also learned about the affects of family businesses. It is not always a good thing to work with family because there are a lot more factors in play than what just happens at work. 

Later on we talked about our entrepreneur experience. We had a couple people use our service and everything went fairly smoothly. I feel like the communication between us and our customers could've been better. Like where we should pick them up and how long they would need to be at a certain location.  Nevertheless, it was our first time and I felt like we did pretty well.