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Franchising

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Franchising
Provision of a specialized sales or service strategy, support assistance, and possibly an initial investment in the franchise in exchange for periodic fees.

Franchise
An agreement in which an entrepreneur buys a license to use another business' products, brand, proprietary knowledge, and trade secrets. This allows the entrepreneur to start a business without building up his/her own brand or products. This is a common way to start a business, especially in highly competitive industries. An industry that utilizes franchises on a regular basis is fast food; because of stiff competition, it is generally more profitable for one who wishes to start a fast food restaurant to buy a franchise.


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Franchising is a powerful business strategy that has made some people unimaginably rich Many business owners dream of turning their business into a massive international franchise, but needless to say that is a very difficult thing to do Franchising is a powerful business strategy that has made some people unimaginably rich.
In response to this need, the association launched a new grassroots initiative this spring to bolster the franchising industry's advocacy efforts and ensure its voice is heard on key legislative and regulatory issues.
Looking into the franchisors history is a good idea also, finding out how long they have been franchising and how many franchisees they have had in the past 5 years that have left the system will let you know whether it is a system that works or not.
 
 
 
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