Success does not come easily to a small business.The United States Small Business Administration says fifty percent of small businesses【C1】______in the first year and ninety-five percent fail within five years.
Many【C2】______believe one way to【C3】______their chance of success is to【C4】______an already【C5】______business【C6】______a franchise(特许经营权).A franchise provides a name and products that people know.One of the【C7】______franchising companies in the world,【C8】______, is McDonald's.
A person who wants to start a【C9】______must pay a【C10】______.This amount of money depends on【C11】______the franchising company【C12】______the new business to earn.To open a McDonald's franchise costs at least 500,000 dollars【C13】______fees.Franchise fees for some other companies are only a few thousand dollars.【C14】______, store space, goods and other things needed to operate a franchise may cost【C15】______.
Franchise buyers【C16】______pay a percentage of their earnings every year【C17】______the right to operate the business.They also must agree to pay for marketing efforts.A【C18】______of earnings【C19】______national advertising.Another percentage may go to local advertising.
Franchises are a very big kind of small business.Like any other kind of business,【C20】______, there is no guarantee of success.
【C1】