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According to the text books, franchising is a form of business organisation in which a company which already has a successful product or service (the franchisor) enters into a continuing contractual relationship with other businesses (franchisees) operating under the franchisors trade name and with the franchisors advice and guidance, in exchange for a fee.
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Read more... [What is franchising?]
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Becoming a franchisee can offer many benefits over starting a
business on your own, but not all franchises offer all the benefits.
Among those that you should be looking for are:
Strong brand. Is the brand name and logo well known to target customers?
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Read more... [What are the benefits?]
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There are so many opportunities, how can I decide on the one that is right for me? |
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It
is very important to establish some basic criteria to help you
short-list franchise opportunities. These criteria should include
things like:
How much money can you invest?
What personal income do you require from the franchise?
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Read more... [There are so many opportunities, how can I decide on the one that is right for me?]
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Anything else I should consider? |
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Some further tips based on our experience working with franchisees:
Do involve your spouse or partner from an early stage in your
decision to become a franchisee. They will be an important part of your
business and should be involved from the earliest possible stage.
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Read more... [Anything else I should consider?]
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