,,ii  #aad? ,,congress  #a/ ,session    
,s4 #ahgj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bg1 #bjae ,mr4  
,moran 7= himself & ,mr4 ,te/]7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to am5d ! ,small ,bus9ess ,act to      
require ! ,adm9i/rator ( ! ,small       
,bus9ess ,adm9i/ration to c>ry out a    
pilot program on issu+ grants to        
eligible vet]ans to />t or acquire      
qualify+ bus9esses1 & = o!r purposes4   
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,vet]ans ,entrepr5eurial ,transition 
,act ( #bjae or ! ,,vet ,act ( #bjae4   
#b4 ,vet]ans small bus9ess              
entrepr5eur%ip pilot program ,section   
#cb ( ! ,small ,bus9ess ,act 7#ae       
,u4,s4,c4 #feg;b7 is am5d$ by add+ at ! 
end ! foll[+3  7g7 ,vet]ans small       
bus9ess entrepr5eur%ip pilot program    
7#a7 ,pilot program requir$  7,a7 ,9    
g5]al ,n lat] ?an #ij days aft] ! date (
 enactm5t ( ?is subsection1 !           

,adm9i/rator1 9 consultation ) !        
,advisory ,committee & ! ,secret>y (    
,vet]ans ,affairs1 %all beg9 c>ry+ out a
 pilot program to assess ! feasibility &
 advisability ( mak+ grants to eligible 
vet]ans to />t or acquire a qualify+    
bus9ess ent]prise4  7,b7 ,promotion (   
effici5cy ,9 c>ry+ out ! pilot program1 
! ,adm9i/rator %all ensure1 to ! maximum
 ext5t practicable1 t ! pilot program   
promotes effici5cy1 acc\ntability1 &    
competition4  7,c7 ,li/ ( categories (  
bus9ess ent]prises ,! ,adm9i/rator1 9   
consultation ) ! ,advisory ,committee1  
%all by rule e/abli% a li/ ( categories 
( bus9ess ent]prises t ! ,adm9i/rator   
det]m9es to be qualify+ bus9ess         
ent]prises = purposes ( ! pilot program1
 :i* %all include--  7i7 a small bus9ess
 conc]n2  7ii7 a fran*ise bus9ess       
ent]prise2 &  7iii7 any o!r category (  
bus9ess ent]prise t ! ,adm9i/rator1 9   
consultation ) ! ,advisory ,committee1  
det]m9es is appropriate & 9 accordance )
 ! purposes ( ! pilot program4  7,d7    

,numb] ( grants ,"u ! pilot program1 !  
,adm9i/rator may make grants 9          
accordance ) p>agraph 7#d7 to n m ?an   
#bej eligible vet]ans to />t or acquire 
a qualify+ bus9ess ent]prise4  7,e7     
,geographic div]sity ,9 mak+ grants "u !
 pilot program1 ! ,adm9i/rator %all     
ensure geographic div]sity among !      
vet]ans :o receive ! grants4  7,f7      
,duration ,! ,adm9i/rator %all c>ry out 
! pilot program dur+ ! #c-ye> p]iod     
beg9n+ on ! date on :i* ! ,adm9i/rator  
beg9s c>ry+ out ! pilot program4  7#b7  
,application  7,a7 ,9 g5]al ,an eligible
 vet]an desir+ a grant "u ! pilot       
program %all submit an application-- 7i7
 to ! ,adm9i/rator 9 ! =m & conta9+ !   
in=mation z ! ,adm9i/rator may require1 
includ+ ! in=mation describ$ 9          
subp>agraph 7,b72 &  7ii7 n lat] ?an #a 
ye> be=e ! date on :i* ! pilot program  
t]m9ates "u p>agraph 7#a77;,f74  7,b7   
,docum5tation requirem5ts ,!            
,adm9i/rator1 9 consid]+ an application 
f an eligible vet]an = a grant "u !     

pilot program1 may n approve !          
application unless ! application        
includes ! foll[+3  7i7 ,a description (
 ! use ( ! grant am\nt1 includ+ an      
id5tification & description ( ! qualify+
 bus9ess ent]prise4  7ii7 ,a description
 ( ! expect$ return on inve/m5t result+ 
f ! grant am\nts4  7iii7 ,a c]tification
 t ! eligible vet]an apply+ = ! grant-- 
7,i7 %all complete ! education & tra9+  
relevant to ! own]%ip & op]ation ( !    
qualify+ bus9ess ent]prise describ$ 9   
p>agraphs 7#c77;,a7 & 7#c77;,b72 &      
7,,ii7 und]/&s t ! eligible vet]an may n
 receive am\nts "u a grant "u ! pilot   
program until aft] ! eligible vet]an has
 complet$ ! requir$ education & tra9+   
relevant to ! own]%ip & op]ation ( !    
qualify+ bus9ess ent]prise describ$ 9   
p>agraphs 7#c77;,a7 & 7#c77;,b74  7iv7  
,su* c]tifications z ! ,adm9i/rator1 9  
consultation ) ! ,advisory ,committee1  
%all by rule require1 includ+--  7,i7 = 
a bus9ess ent]prise 9 op]ation on ! date
 ( ! application1 evid5ce t !           

,adm9i/rator1 9 consultation ) !        
,advisory ,committee1 det]m9es          
appropriate (--  7aa7 good /&+2  7bb7   
pr(itable op]ation2 &  7cc7 gu>antees   
relat+ to ! pur*ase ( ! ent]prise2      
7,,ii7 = a fran*ise bus9ess ent]prise1  
evid5ce t ! ,adm9i/rator1 9 consultation
 ) ! ,advisory ,committee1 det]m9es     
appropriate (--  7aa7 compliance )      
applicable ,/ate & ,f$]al laws on       
fran*ises2 &  7bb7 tra9+ 9 con=mation ) 
! indu/ry /&>d2 &  7,,iii7 = a />tup1 or
 an ent]prise t is o!rwise n 9 op]ation 
at ! "t ( ! application1 a proposal = ! 
op]ation ( t ent]prise t leads to       
pr(itable op]ation )9 a reasonable      
timeframe4  7v7 ,a c]tification t !     
eligible vet]an apply+ = ! grant und]/&s
 t ! eligible vet]an may n receive      
am\nts "u ! grant until aft] ! bus9ess  
plan ( ! eligible vet]an has be5 approv$
 "u ! proc$ures describ$ 9 p>agraph     
7#c77;,c77ii74  7vi7 ,a c]tification t !
 eligible vet]an-- 7,i7 has be5 tru?ful 
ab\t ! employm5t /atus ( ! eligible     

vet]an2 &  7,,ii7 und]/&s t ! eligible  
vet]an w be prohibit$ f p>ticipat+ 9 !  
pilot program if ! c]tification describ$
 9 subclause 7,i7 is det]m9$ to be      
untrue4  7,c7 ,gr\p applications ,!     
,adm9i/rator may au?orize a gr\p (      
eligible vet]ans to apply z a gr\p "u ! 
pilot program4 ,! gr\p %all be treat$ z 
a s+le eligible vet]an "u ! pilot       
program1 except t ! maximum am\nt ( !   
grant %all be calculat$ by multiply+ !  
maximum am\nt "u p>agraph 7#d77;,a7 by !
 numb] ( memb]s ( ! gr\p4  7#c7         
,entrepr5eur%ip tra9+  7,a7 ,9 g5]al    
,ea* eligible vet]an receiv+ a grant "u 
! pilot program %all complete an        
entrepr5eur%ip read9ess program approv$ 
by ! ,adm9i/rator t is design$ to prep>e
 ! eligible vet]an =1 & lead to !       
imm$iate subsequ5t own]%ip & managem5t  
by ! eligible vet]an (1 a qualify+      
bus9ess ent]prise4  7,b7 ,approv$       
programs ,an approv$ program describ$ 9 
subp>agraph 7,a7 may include a program--
 7i7 available ?r\gh a small bus9ess    

developm5t c5t]2  7ii7 approv$ by !     
,adm9i/rator = entrepr5eur%ip tra9+2    
7iii7 approv$ by ! ,secret>y ( ,vet]ans 
,affairs = entrepr5eur%ip tra9+2  7iv7  
available ?r\gh ! ,transition ,assi/ance
 ,program ( ! ,dep>tm5t ( ,def5se2  7v7 
available ?r\gh a wom5's bus9ess c5t]1 z
 describ$ 9 section #bi2  7vi7 available
 ?r\gh a ,vet]ans ,bus9ess ,outrea*     
,c5t]1 z describ$ 9 subsection 7d72     
7vii7 available ?r\gh ! ,,score program 
au?oriz$ by section #h7;b77#a72 or      
7viii7 approv$ by ! ,adm9i/rator1 9     
consultation ) ! ,advisory ,committee1 z
 appropriate because ( ! exp]tise !     
program (f]s relat+ to a c]ta9 type (   
bus9ess ent]prise4  7,c7 ,bus9ess plan  
7i7 ,cont5ts ,an eligible vet]an receiv+
 a grant "u ! pilot program %all prep>e 
a bus9ess plan1 :i* %all include--  7,i7
 a description ( h[ ! qualify+ bus9ess  
ent]prise w a*ieve pr(itable op]ation )9
 a reasonable timeframe2  7,,ii7 an     
assessm5t ( relevant-- 7aa7 economic    
indicators2  7bb7 consum] data2  7cc7   

production & sales data2 &  7dd7 m>ket  
or indu/ry analysis2 &  7,,iii7 o!r     
in=mation t ! ,adm9i/rator1 9           
consultation ) ! ,advisory ,committee1  
det]m9es is appropriate4  7ii7 ,approval
 proc$ure  7,i7 ,approval by advisor ,if
 an advisor approves ! bus9ess plan     
prep>$ by ! eligible vet]an1 !          
,associate ,adm9i/rator = ,vet]ans      
,bus9ess ,developm5t ( ! ,adm9i/ration--
  7aa7 %all review ! bus9ess plan2 &    
7bb7 may rev]se ! approval ( ! bus9ess  
plan & require t ! eligible vet]an      
cont9ue to consult ) ! advisor to       
develop & resubmit ! bus9ess plan4      
7,,ii7 ,disapproval by advisor ,if an   
advisor does n approve ! bus9ess plan   
prep>$ by an eligible vet]an1 !         
,associate ,adm9i/rator = ,vet]ans      
,bus9ess ,developm5t ( ! ,adm9i/ration1 
^u appeal by ! eligible vet]an1 may     
rev]se ! decision ( ! advisor & approve 
! bus9ess plan4  7#d7 ,grant t]ms &     
conditions  7,a7 ,maximum grant am\nt & 
additional assi/ance  7i7 ,9 g5]al      

,subject to p>agraph 7#b77;,c71 !       
maximum am\nt t an eligible vet]an may  
receive "u ! pilot program %all n exce$ 
an am\nt equal to ! sum (--  7,i7 !     
maximum grant am\nt specifi$ 9 clause   
7ii72  7,,ii7 ! am\nt equal to ! product
 obta9$ by multiply+-- 7aa7 ! am\nt (   
additional assi/ance to :i* ! eligible  
vet]an is entitl$ "u clause 7iii77,,ii72
 by  7bb7 ! numb] ( mon?s t ! eligible  
vet]an p>ticipates 9 ! pilot program2 & 
7,,iii7 ! am\nt ( tra9+ assi/ance       
receiv$ by ! eligible vet]an 9 clause   
7iv74  7ii7 ,maximum grant am\nt ,!     
maximum grant am\nt specifi$ 9 ?is      
clause is ! foll[+3  7,i7 ,9 ! case ( an
 eligible vet]an entitl$ to educational 
assi/ance "u *apt] #cc ( title #ch1     
,unit$ ,/ates ,code1 ! am\nt equal to ! 
product obta9$ by multiply+--  7aa7 !   
numb] ( mon?s ( educational assi/ance to
 :i* ! eligible vet]an is entitl$ on !  
date t ! eligible vet]an submits an     
application2 by  7bb7 ! pro rata mon?ly 
rate ( ! am\nt t ! eligible vet]an is   

entitl$ to "u p>agraph                  
7#a77;,a77ii77,,ii7 ( section #ccac7;c7 
( t title1 subject to p>agraphs 7#b7    
?r\gh 7#g7 ( t section4  7,,ii7 ,9 !    
case ( an eligible vet]an entitl$ to    
educational assi/ance "u *apt] #cj (    
title #ch1 ,unit$ ,/ates ,code1 ! am\nt 
equal to ! product obta9$ by multiply+--
  7aa7 ! numb] ( mon?s ( educational    
assi/ance to :i* ! eligible vet]an is   
entitl$ on ! date t ! eligible vet]an   
submits an application2 by  7bb7 ! rate 
9 effect "u section #cjae7;a77#a7 ( t   
title4  7iii7 ,additional assi/ance     
7,i7 ,p]iod ( eligibility ,an eligible  
vet]an %all receive ! am\nt describ$ 9  
subclause 7,,ii7 = ea* mon? t ! eligible
 vet]an p>ticipates 9 ! pilot program4  
7,,ii7 ,am\nt ,! am\nt ( ! additional   
assi/ance specifi$ 9 ?is subclause is an
 am\nt1 paid to ! eligible vet]an on a  
mon?ly basis1 equal to ! product obta9$ 
by multiply+--  7aa7 ! mon?ly am\nt ( ! 
basic all[ance = h\s+ payable "u section
 #djc ( title #cg1 ,unit$ ,/ates ,code1 

= a memb] ) dep5d5ts 9 pay grade ,e-#e  
resid+ 9 ! milit>y h\s+ area t          
encompasses all or ! majority portion ( 
! ,,zip code area 9 :i* is locat$ !     
resid5ce ( ! eligible vet]an 7simil> to 
! calculation made "u section           
#ccac7;c77#a77;,b77i77,i7 ( title #ch1  
,unit$ ,/ates ,code72 by--  7bb7 7,,aa7 
9 ! case ( an eligible vet]an :o1 z ( ! 
date on :i* ! eligible vet]an applies = 
a grant "u ?is subsection1 has no       
employm5t o!r ?an ! qualify+ bus9ess    
ent]prise = :i* ! eligible vet]an seeks 
a grant "u ?is subsection1 #a2 or 7,,bb7
 9 ! case ( an eligible vet]an :o is n  
describ$ 9 subitem 7,,aa71 #j4e4  7iv7  
,tra9+ assi/ance ,^u application by an  
eligible vet]an receiv+ a grant "u !    
pilot program1 ! ,adm9i/rator may pay = 
! co/1 if applicable1 ( an approv$      
program describ$ 9 p>agraph             
7#c77;,b77viii74  7,b7 ,disbursem5t ,!  
am\nt ( a grant made "u ! pilot program 
%all be disburs$ to an eligible vet]an--
  7i7 9 in/allm5ts1 9 accordance ) !    

proc$ures describ$ 9 subp>agraph 7,c72  
7ii7 only aft] ! eligible vet]an pres5ts
 docum5tation prov+ t ! eligible vet]an 
has complet$ ! requir$ entrepr5eur%ip   
tra9+ describ$ 9 p>agraphs 7#c77;,a7 &  
7#c77;,b72 &  7iii7 only aft] ! bus9ess 
plan ( ! eligible vet]an has be5 approv$
 "u ! proc$ures describ$ 9 p>agraph     
7#c77;,c77ii74  7,c7 ,in/allm5t paym5ts 
,! am\nt describ$ 9 subp>agraph 7,a77ii7
 %all be paid to ! eligible vet]an 9    
in/allm5ts on a pro rata basis ) ea*    
in/allm5t be+ paid to ! eligible        
vet]an--  7i7 n e>li] ?an #c mon?s aft] 
! date ( ! paym5t ( ! mo/ rec5t         
in/allm5t to ! eligible vet]an2  7ii7 n 
lat] ?an #ab mon?s aft] ! date ( !      
paym5t ( ! mo/ rec5t in/allm5t to !     
eligible vet]an2 &  7iii7 only aft] !   
eligible vet]an has met mile/ones       
e/abli%$ 9 ! bus9ess plan ( ! eligible  
vet]an4  7#e7 ,use ( grant am\nts ,an   
eligible vet]an :o receives a grant "u !
 pilot program may use ! am\nt ( !      
grant-- 7,a7 9 accordance ) !           

limitations t ! ,adm9i/rator1 9         
consultation ) ! ,advisory ,committee1  
may by rule e/abli%2 &  7,b7 = purposes 
relat$ to />t+ or acquir+ a qualify+    
bus9ess ent]prise t ! ,adm9i/rator1 9   
consultation ) ! ,advisory ,committee1  
det]m9es are appropriate1 includ+--  7i7
 pur*as+ goods or s]vices necess>y = !  
creation or op]ation ( a qualify+       
bus9ess ent]prise2  7ii7 fund+ a project
 t is direct$ t[>d any economic         
developm5t objective describ$ "u section
 #eja7;d7 ( ! ,small ,bus9ess ,inve/m5t 
,act ( #aieh 7#ae ,u4,s4,c4 #fie7;d772 &
  7iii7 acquir+ a qualify+ bus9ess      
ent]prise4  7#f7 ,report  7,a7 ,9 g5]al 
,n lat] ?an #b ye>s aft] ! date on :i* !
 pilot program is comm5c$1 !            
,adm9i/rator %all submit to ! ,committee
 on ,small ,bus9ess & ,entrepr5eur%ip & 
! ,committee on ,vet]ans' ,affairs ( !  
,s5ate & ! ,committee on ,small ,bus9ess
 & ! ,committee on ,vet]ans' ,affairs ( 
! ,h\se ( ,repres5tatives a report      
analyz+ ! feasibility & effectiv5ess ( !

 pilot program4  7,b7 ,cont5ts ,! report
 submitt$ "u subp>agraph 7,a7 %all      
include-- 7i7 an assessm5t ( ! pilot    
program2  7ii7 a survey conta9+-- 7,i7 !
 numb] ( grantees "u ! pilot program2 & 
7,,ii7 ! numb] ( ! grantees "u ! pilot  
program t p>ticipat$ 9 ea* ( ! tra9+    
programs describ$ 9 subp>agraphs 7,a7 & 
7,b7 ( p>agraph 7#c72  7iii7            
recomm5dations reg>d+ :e!r any aspect ( 
! pilot program %\ld be made a p]man5t  
au?ority1 &1 if s1 ! means to ensure--  
7,i7 geographic & demographic div]sity  
among ! eligible vet]ans :o receive !   
grants "u ! p]man5t au?ority2 &  7,,ii7 
div]sity 9 ! types ( qualify+ bus9ess   
ent]prises = :i* eligible vet]ans may   
receive grants "u ! pilot program2  7iv7
 an assessm5t reg>d+ :e!r ! grants      
di/ribut$ "u ! pilot program %\ld       
cont9ue to be made 9 in/allm5ts or ) a  
"o-"t1 lump sum paym5t2  7v7 an         
assessm5t ( ! additional assi/ance made 
available "u ! pilot program1 includ+ ! 
acc\ntability surr\nd+ ! availability ( 

additional assi/ance2  7vi7 an analysis 
( ! proc$ures = approv+ a bus9ess plan &
 a recomm5dation reg>d+ ways1 if        
necess>y1 to improve ! proc$ures2 &     
7vii7 a recomm5dation reg>d+ ways1 if   
necess>y1 to improve ! acc\ntability (  
advisors4  7#g7 ,no effect on "t        
limitation = use ( entitlem5t to        
educational assi/ance ,no?+ 9 ?is       
subsection %all be con/ru$ to modify any
 "t limitation or p]iod dur+ :i* an     
individual is entitl$ to educational    
assi/ance "u *apt] #cj or #cc ( title   
#ch1 ,unit$ ,/ates ,code4  7#h7         
,def9itions ,9 ?is subsection3 7,a7     
,advisor ,! t]m advisor means a p]son-- 
7i7 affiliat$ ) an entrepr5eur%ip or    
tra9+ & curricula program describ$ 9    
p>agraphs 7#c77;,a7 & 7#c77;,b72  7ii7  
:o may assi/ an eligible vet]an ) !     
prep>ation & approval ( a bus9ess plan2 
&  7iii7 :o is approv$ to s]ve z an     
advisor by ! ,adm9i/rator1 9            
consultation ) ! ,advisory ,committee4  
7,b7 ,advisory committee ,! t]m         

,advisory ,committee means ! ,advisory  
,committee on ,vet]ans ,bus9ess ,affairs
 e/abli%$ "u section #bjc ( ! ,vet]ans  
,entrepr5eur%ip & ,small ,bus9ess       
,developm5t ,act ( #aiii 7#ae ,u4,s4,c4 
#feg;b note74  7,c7 ,bus9ess plan ,! t]m
 bus9ess plan means a plan prep>$ by an 
eligible vet]an = ! op]ation ( a        
qualify+ bus9ess ent]prise t %all be--  
7i7 prep>$-- 7,i7 :ile ! eligible vet]an
 p>ticipates 9 an approv$ tra9+ program 
describ$ 9 p>agraphs 7#c77;,a7 &        
7#c77;,b72 &  7,,ii7 ) ! assi/ance ( an 
advisor2 &  7ii7 consi/5t ) ! guidel9es 
& recomm5dations provid$ by ! ,bus9ess  
,plan ,tool ( ! ,adm9i/ration4  7,d7    
,eligible vet]an ,! t]m eligible vet]an 
means an individual :o-- 7i7 is--  7,i7 
a vet]an2 or  7,,ii7 a memb] ( ! ,arm$  
,=ces :o--  7aa7 is curr5tly retir+ or  
sep>at+ f ! ,arm$ ,=ces & has a s]vice  
approv$ retirem5t or sep>ation packet2  
or  7bb7 has la/ be5 honorably dis*>g$ f
 active duty s]vice 9 ! ,arm$ ,=ces2    
7ii7 has complet$ n less ?an--  7,i7 #cf

 mon?s ( active duty s]vice 9 ! ,arm$   
,=ces 7o!r ?an active duty s]vice =     
tra9+72 or  7,,ii7 #bd mon?s ( active   
duty s]vice 9 ! ,arm$ ,=ces 7o!r ?an    
active duty s]vice = tra9+7 be=e be+    
dis*>g$ or sep>at$ = a s]vice-connect$  
disability1 z t t]m is def9$ 9 section  
#aja ( title #ch1 ,unit$ ,/ates ,code2 &
  7iii7 is entitl$ to educational       
assi/ance "u *apt] #cj or #cc ( title   
#ch1 ,unit$ ,/ates ,code4  7,e7         
,fran*ise bus9ess ent]prise ,! t]m      
fran*ise bus9ess ent]prise means any    
cont9u+ comm]cial relation%ip or        
arrangem5t1 reg>dless ( ! title giv5 !  
relation%ip or arrangem5t1 "u :i* ! t]ms
 ( ! (f] or contract specify1 or !      
fran*ise sell] promises or repres5ts1   
orally or 9 writ+1 t--  7i7 ! fran*isee 
w obta9 ! "r to-- 7,i7 op]ate a bus9ess 
t is id5tifi$ or associat$ ) ! tradem>k 
( ! fran*isor2 or  7,,ii7 (f]1 sell1 or 
di/ribute goods1 s]vices1 or commodities
 t are id5tifi$ or associat$ ) !        
tradem>k ( ! fran*isor2  7ii7 !         

fran*isor may-- 7,i7 ex]t1 or has       
au?ority to ex]t1 a significant degree (
 control ov] ! me?od ( op]ation ( !     
fran*isee2 or  7,,ii7 provide           
significant assi/ance 9 ! me?od (       
op]ation ( ! fran*isee2 &  7iii7 z a    
condition ( obta9+ or comm5c+ op]ation (
 ! fran*ise bus9ess ent]prise1 !        
fran*isee makes a requir$ paym5t or     
commits to make a requir$ paym5t to !   
fran*isor or ! affiliate ( ! fran*isor4 
7,f7 ,fran*isee ,! t]m fran*isee means  
any p]son :o is grant$ a fran*ise       
bus9ess ent]prise4  7,g7 ,fran*isor ,!  
t]m fran*isor--  7i7 means any p]son :o 
grants a fran*ise bus9ess ent]prise &   
p>ticipates 9 ! fran*ise relation%ip2 & 
7ii7 includes subfran*isors4  7,h7      
,pilot program ,! t]m pilot program     
means ! pilot program e/abli%$ "u       
p>agraph 7#a77;,a74  7,i7 ,qualify+     
bus9ess ent]prise ,! t]m qualify+       
bus9ess ent]prise means a bus9ess       
includ$ 9 ! li/ ( categories ( bus9ess  
ent]prises e/abli%$ "u p>agraph         

7#a77;,c74  7,j7 ,/>tup ,! t]m />tup    
means a bus9ess ent]prise t-- 7i7 is n  
yet 9 exi/5ce2 or  7ii7 has be5 9       
exi/5ce = n m ?an #e ye>s4  7,k7        
,subfran*isor ,! t]m subfran*isor means 
a p]son :o functions z a fran*isor by   
engag+ 9 bo? pre-sale activities &      
po/-sale p]=mance4  4