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Expensive way to start a business
Lack of independence
Strict contracts have to be signed
Profit is shared with the franchisor
National marketing may be organised
Setup costs are predictable
Backup surport is given
Less risk
Operator who trades under their name
Cost of support for franchisees may be high
Franshisees may get merchandise from elsewhere
Poor franchisees may damage brand's reputation
Profit is shared with the franchisee
Franchisees are more motivated that employees
Franchisees take some of the risk
Cheaper method of growth
Fast method of growth
Owner of business
Partnersips still tend to be small
Any partner's decision is legally binding on all
Partners may disagree and fall out
Profit has to be shared
Have unlimited liability
Finanacial info is not published
Job of running the business is shared
Partners can specialise in their area of expertise
Easy setup
Managers may take control rather than owners
More regulatory control owing to company acts
May be more remote from customers
More financial info has to be published
Outsiders can take control by buying shares
Setting up can be very expensive
May have high profile in the media
Shares can be bought and sold very easily
May be able to dominate the market
PLCs can exploit economies of scale
Large amounts of capital can be raised
Any person or organisation can buy shares in a PLC
Their shares can be bought and sold by the public on the stock exchange
Larger that private limited companies
Cannot raise huge amounts of money
Takes time to transfer shares to new owner
Profits are shared between more members
Costs money and time to setup
Financial information has to be published
Has more status
Business continues if a shareholder dies
Control cannot be lost to outsiders
More capital can be raised
Shareholders have limited liability
However, a small minority are large
Business that tend to be small or medium sized
Some run business ventures such as charity shops
They may also organise fundraising events such as cake sales, sponsored actvities and selling greeting cards.
They rely on donations for their revenue
They exist to raise money for good causes draw attention to the needs of disadvantaged groups
Workers will contribute to production and be involved in decision making, share in the profit and provide some capital when buying a share in the business
They are businesses in which its employees share ownership
Any profit made by the cooperatives is given to members
They buy shares which entitle them to elect directors to make key decisions
They are owned and controlled by their members
Usually operate as consumer cooperatives or reatail cooperatives
No continuity
Long hours and hard work
Independence maybe too much of a responsibilities
May struggle to raise finance
Owner has unlimited liability
May qualify for government help
Can offer personal service because they are small
Flexibility
Simple setup
Independent
Owner keeps all the profit
