Category: Business/Investing Publisher: Creat Space
ISBN-10: 1478326735
Pages: 140
ISBN-13: 9781478326731
Find the right franchise opportunity for you! Franchising is the practice of using another firm's successful business model. The word 'franchise' is of Anglo-French derivation - from franc - meaning free, and is used both as a noun and as a (transitive) verb. For the franchisor, the franchise is an alternative to building 'chain stores' to distribute goods that avoids the investments and liability of a chain. The franchisor's success depends on the success of the franchisees. The franchisee is said to have a greater incentive than a direct employee because he or she has a direct stake in the business. When selecting a franchise, carefully consider a number of factors, such as the demand for the products or services, likely competition, the franchisor's background, and the level of support you will receive. You also need to carefully consider how much money and time you are willing to invest in the franchise opportunity.
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Practical application