its an essay for the course, Entrepreneurship and small businesses management ca

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its an essay for the course, Entrepreneurship and small businesses management
can someone help me with this questions?
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derstands due diligence. He spent months investigating options, before focusing specifically on Elevation Burger tion Burger uses the slogan "Ingredients Matter", emphasizing ts "organically raised, grass-fed,free-range cows and fresh-cut french fries cooked in heart healthy olive oil". The company had been in business three years when it started franchising in 2008. Danny's brother Dennis brought franchising experience to the company from his years of managing their parents' Dunkin'Donuts franchise. Danny and Dennis began their franchise agreement with Elevation Burger in the Spring of 2008 eir Austin, Texas location by the end of that year. What Danny hadn't counted on was the recession. Financing suddenly Tightened, and forecasts for restaurant sales were especially negative Nevertheless, Danny and Dennis remained confident and were convinced that they understood how to run a cost-efficient operation. The brothers were committed to opening three Elevation Burger restaurants in the Austin area. Question I Should the Bone brothers have anticipated the economic downturn as Part of their due diligence investigation? Question 2 What steps would you take to attract customers to your franchised restaurant when they are trying to save money? Question 3 What can the Elevation Burger franchisor do to help franchisees do to help The franchisees during a recession? 15 points

Explanation / Answer

Answer:- The business opportunities are considered from various perspective under the due diligence investigations. It would analyze the future business environment as one of the many aspects. These investigations should also be contributed by the informed parties such as bankers and different accounting firms. Thus, in my opinion, it is quite important for the Bone brothers to have a clear estimation of future economic and financial scenario as this would help them in taking he effective decision and business-related actions.

Answer:- Advertising must be incorporating the different types of information which focus on the value for money. As in the opinion of Bone brothers, they are operating in a cost-effective operation module, thus there must be a comparison between the cost per meal or item in the menu with the different types of more expensive choices or alternatives.

Answer:- All he expenses can be hold by the Elevation Burger. For example, if it is expected from the franchisees to buy from some specific vendors, then a close association can be made with the Elevation Burger and the vendors so that the cost of the products can be maintained to its minimum level.

Apart from this, the Elevation Burger can also opt to keep the fees charged to a lower level and not increasing this fee until the higher fee-paying capacity is generated in these franchises. All the expenses and fee must be kept to the minimum level by the Elevation Burger as it will yield it long-term benefits.

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