Most business owners would like to significantly grow their business. Franchising can be a very effective way to do this with the added advantage that minimal investment in additional premises, business equipment and employees is required. Franchisees fund this expansion for them. This approach makes franchising a low risk option for business owners providing they have a robust product or service.
A major problem for business owners in expanding their business is finding the right employees to take the company forward. Franchising enables you to find highly committed, capable and motivated franchisees who invest their own capital to purchase your business franchise. They are very focused and follow your business systems, quality pricedures and processes.
The types of business that are suitable for franchising are endless too. Many different industries use franchising to distribute their products and services across the market place. If a business has a good profit margin and can teach franchisees to replicate their systems and processes then it is likely that it can be franchised.
The main income streams from franchising a business can include some or all...
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