Part 1: Listen to the podcast below, Choosing the Right Franchise, and answer the following:

What’s the one best advice you heard from the speaker in the podcast? Explain.

Choosing the Right Franchise Episode 9 [17:29]
NOTE: If you have issues with the link, click on Media Gallery in the navigation bar and click the podcast to play (Epi 9).
A transcript in a Word document is provided by clicking on Attachments once the podcast is launched to play.
Part 2: Assume you want to open a franchise. Use the International Franchise Association (IFA) and American Association of Franchisers and Dealers (AAFD) to research one franchise of interest to you. Provide the following information:

Name of franchise plus industry
Fees and costs associated with opening this franchise
Your opportunity cost of the franchise (refer to Chapter 1)
The challenges you might encounter
Your decision on whether or not you would proceed with this franchise; explain