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Amarjit would like a part-time job whilst raising her son - Edexcel - GCSE Business - Question 20 - 2016 - Paper 1
Question 20
Amarjit would like a part-time job whilst raising her son. She has been offered a franchise selling healthy drinks and meal plans to help people lose weight. The com... show full transcript
Worked Solution & Example Answer:Amarjit would like a part-time job whilst raising her son - Edexcel - GCSE Business - Question 20 - 2016 - Paper 1
Step 1
Run a HealthyLife franchise
Answer
Choosing to run a HealthyLife franchise provides Amarjit with the backing of an established brand that has been successful since 2000. This option likely comes with a proven business model, marketing support, and connected resources, which can ease the burden of starting a new business. Additionally, the franchise can attract customers due to the brand recognition, making it easier for Amarjit to connect with clients seeking healthy lifestyle choices.
However, the franchise option may also have downsides. Amarjit may face limitations on how she can operate the business due to franchise rules and guidelines. She may need to pay franchise fees, which could cut into her profits. Moreover, if the franchise does not meet expectations, her financial stability could be at risk.
Overall, running a HealthyLife franchise offers both opportunities and challenges, but with the right dedication and support, it could provide a stable income while she continues to raise her son.
Step 2
Set up her own business as a sole trader
Answer
On the other hand, setting up her own business as a sole trader gives Amarjit full control over her work. She can choose her services, set her hours, and operate in a manner that best fits her lifestyle and family needs. This flexibility can be particularly appealing for a parent trying to balance work and family.
Operating as a sole trader may initially present challenges when it comes to attracting clients since she would not have the immediate recognition that a franchise offers. However, leveraging her expertise in healthy living and personalized service could attract those looking for tailored health advice. She can build her brand from the ground up based on her values and customer relationships.
Ultimately, while the sole trader option requires significant effort upfront to build a clientele, it allows for creativity and independence in running the business.