Which of the following type of entrepreneurs would not buy a franchise...
Answer:
The correct answer is option A, Trailblazers.
Explanation:
Franchise or Distributorship:
Franchise or distributorship is a business model in which an entrepreneur purchases the rights to operate a business under a well-established brand name. They benefit from the brand recognition, proven business model, and ongoing support provided by the franchisor.
Starting a Company to Compete with a Franchise:
Starting a company to compete with a franchise means that the entrepreneur wants to establish a new business that offers similar products or services as the franchise, but operates independently and in direct competition with the franchise.
Trailblazers:
Trailblazers are entrepreneurs who prefer to create their own path and innovate in the business world. They are driven by their own ideas and have a strong desire to create something unique. They are not interested in following an established business model or operating under someone else's brand.
Reasons why Trailblazers would not buy a franchise or distributorship:
1. Desire for Independence: Trailblazers value their independence and prefer to have complete control over their business decisions. Buying a franchise or distributorship would require adhering to the franchisor's rules and guidelines, limiting their freedom to experiment and innovate.
2. Preference for Innovation: Trailblazers have a strong desire to innovate and introduce new ideas to the market. Buying a franchise would restrict their ability to make significant changes to the business model, as they would need to follow the established practices set by the franchisor.
3. Competitive Nature: Trailblazers thrive on competition and enjoy the challenge of establishing a new business that can compete with existing players in the market. Buying a franchise would mean operating within an established network of franchisees, which may limit their ability to differentiate themselves from other businesses.
4. Risk-Taking Attitude: Trailblazers are often more willing to take risks and try new approaches. Buying a franchise may not align with their risk-taking attitude, as it involves investing in an established business model with a predetermined set of processes and procedures.
In conclusion, trailblazers would not buy a franchise or distributorship because they prefer to start a company that competes with a franchise. They value their independence, have a strong desire to innovate, thrive on competition, and have a risk-taking attitude.