Showing posts with label Disadvantages. Show all posts
Showing posts with label Disadvantages. Show all posts

Advantages and Disadvantages of Fast Food

In this modern world people are used to having fast foods more than the foods that are home made. The reason behind this interest is that fast food saves time and the effort that is needed for cooking a meal at home. The fast food system is well suited to the fast paced life of a very busy working individual today. But the most important factor to be kept in mind while having fast food is the disadvantages it has. Though fast food is very suitable to meet our appetite needs in this busy life which is an advantage, they also have a large number of disadvantages that is solely related to the health of the individual. Some of the most important advantages as well as disadvantages of fast food are discussed in this article.

Advantages
The large number of outlets of this restaurants that are working all over the world greatly shows the popularity behind the system of it. A hard working professional who is away from his home or homeland will have to depend on such fast food restaurants and franchisees like KFC Bangalore home delivery. This is a big necessity of man. The biggest advantage that shall be pointed out by the people favoring it is nothing but the time saved. Today people consider getting a readymade meal is better than everything in this world. Even though the benefits and advantages of fresh food are known by all at the end of the day returning home all tired, then there is nothing great than getting a pizza or burger for our hunger. Other than spending time for cooking a meal in the kitchen, most of the people find it difficult tom collect the ingredients needed for day to day cooking. Going for a shopping for this purpose is considered as a tiresome job. Time required to get the raw materials ready by washing, peeling and cutting them is considered a big waste. If a person leads a lonely life then buying something to eat from the restaurant is surely cheaper than preparing each day at home. Online pizza ordering and such related facilities greatly add to the popularity of fast foods.

Disadvantages
The biggest and the well-known disadvantage of it is the adverse effect it may cause to our health. It is a reality and popular fact that fast food is very much unhealthy than the food that is freshly prepared at home. The reason behind this is that it contains larger amounts of salt, oil and fat contents thus increasing our calorie intake. It is an important reason for the problem of obesity. This also has led to many fatal diseases in many. The cardiovascular diseases are the most important among them. There are many outlets of the famous fast food restaurants that greatly consider the comforts of customers. As a leading step to this customer satisfaction they offer home delivery like the McDonald's home delivery Bangalore.

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Franchises -- Advantages and Disadvantages

Want to own your own business? Don't want to start from scratch?

Franchises are a way to get into business quickly, with a brand name, proven methods of operation and a support structure. Franchises are everywhere. Familiar names include Dunkin' Donuts, Curves, Mail Boxes Etc. and McDonalds, to name a few.

"Buying" a franchise is legally complicated. As a franchisee, you pay money for the right to use the franchisor's Trademarks, systems and methods. Many franchises are legitimate and successful. Unfortunately, there has been a history of problems with franchises. As a result, franchising is heavily regulated at both the state and federal levels.

The legally required franchise documents are intended to provide full disclosure to the prospective purchaser. In reality, the franchise documents are voluminous, full of legalese, extremely one-sided in favor of the franchisor, and packed with restrictions and fees.

Advantages of buying a franchise include:

- Quick startup

- Help with site selection

- Brand name and recognition in the marketplace

- Training and support

- Customized accounting system

- Exclusive territory

- Marketing assistance

- Access to markets and suppliers

Disadvantages of buying a franchise include:

- Up-front fees (substantial initial investment required)

- Ongoing fees (usually royalty payment is a percentage of revenues)

- Fees for marketing and related services

- Restrictions on activities (you can only offer approved franchise products and services)

- Monitoring (the franchisor monitors your books, bank accounts and operations)

- Termination criteria

- Renewal requirements and fees

- Restrictions on transfer

A franchise is a major investment.

It's important to carefully investigate the opportunity. A common misconception is that franchises are really "turnkey" operations. Purchasers think that they just "buy" the franchise and it runs itself. This is incorrect. It's important to clearly understand what you are buying, how hard you will have to work and what income is realistic.

Here are some tips to evaluate a franchise opportunity:

1. Check to see if there are lawsuits against the franchisor.
Litigation is required to be disclosed in the franchise documents.

This will give you important information about what's gone wrong for others.

2. Talk to/visit existing franchise owners.

There should be a list of existing franchise owners in the franchise documents.

You can stop by and visit as a customer, and observe their operations.

You can also call up and ask questions, such as:

- Are you satisfied?

- Did you receive the support promised?

- Were there any surprises?

- Have there been any problems?

- How were the problems resolved?

- Are you making the money you expected?

- Can I visit and observe your operations?

3. What are the fees?

Franchise terms vary. It's important to understand the fees.

Make a list of fees:

- What's included with the initial franchise fee?

- What's the royalty? Is it a percent of "gross" or "net" sales?

- Is the royalty a fixed percentage or does it decline over time?

- Are there service fees? Training fees? Marketing fees? Advertising fees?

4. What's your territory?

Draw a map with clear boundaries:

- What is your defined geographic territory?

- How close can another franchise like yours be located relative to your location?

5. What's your competitive advantage?

- What sets this franchise apart?

- Does the franchise include key technology or methods?

- Can it be easily copied?

6. What are the restrictions?

- Are you limited as to what you can sell?

- Are you required to buy from specific suppliers?

- What are the reasons for termination?

- What is the scope/term of the non-compete?

- What are the requirements for renewal?

- Can you transfer ownership?

In conclusion, buying a franchise may or may not be a good choice for you. Before signing a franchise agreement, check it out carefully and make sure you understand what the documents say. The advice of a business attorney knowledgeable about franchises can help you understand the legalese and make an informed decision.

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