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Types of Franchise Ownership

Having a franchise is one of the most common ways to do business. To have a franchise means to have the license to run a business for another company and to be able to use the company’s logo and business model, and also their branding to run the business. You...

Franchising Fees? How They Work?

Franchising Fees What are franchising fees, how do they work and why do they need to be paid? Those who have a marketing or business vision know that to earn profits, a large distribution base be it via sales, services or information needs to be developed. It is the...

How to Research Local Franchising Opportunities?

Researching Franchises So you have made the decision to buy a franchise. The next step is to find a good opportunity to bid on. This can be the most difficult part of your journey. This is because not all franchising opportunities are advertised. This is often so they...

How to Go About Finding Franchise Opportunities?

Finding Franchise Opportunities So you have decided that you would like to try out owning a franchise. This is a wonderful decision especially for beginners. The act of buying and maintaining a franchise will teach you a lot. At the end of your time as an owner of a...

Disgruntled Franchise

As with any industry and profession, things can go horribly wrong with your business. When something goes wrong you often times have those people who will make a fuss of it until the end of times. Despite how wrong this is and the legal repercussions this can lead...

Barriers to Franchise Ownership

The road to acquiring and owning your very own franchise can be long and difficult. There are many things one must consider before they make the ultimate choice to say yes to the business. However, even after all the initial work is done to get the franchise of your...

The Advantages of Franchising

Franchising as the opportunity to be several time easier than running your own personal business would be. This is due to the many advantages franchising provides over a regular business. This may not be something everyone agrees with, but the advantages of...

What are Different Types of Franchise?

Types of Franchise There are many business opportunities for those who are looking for franchises to buy and manage. You need to discover the advantages and disadvantage of franchising and become familiar with various types and models. You will find that most if not...

How Much Would It Cost to Franchise a Business?

Each franchise opportunity varies in cost. There are financial requirements, fees, and legal costs, build-out costs for your location, professional fees, signage and inventory and contractor fees. The franchisor generally does not contribute to any of these financial...

The Business Model of a Franchise

It is always best to use a set business model when developing a franchise. This is a plan that is implemented by a parent company to generate income and help make a profit. Good business models improve the odds that your franchise will be successful. You must always...

Responsibilities of the Franchisor

In order to protect both the franchisor and the franchisee, there are rules and regulations that need to be proposed. The franchisee has rights and obligations, and must always perform in a high business manner to keep the individual store franchise alive. The...

Due Diligence Process in Franchising

Due diligence is defined as an investigation of a company to determine operational or financial information. This process is designed to provide information to make decisions about the potential franchise and determine if it is a good “fit” in a market. If the...

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