Many businessmen are looking for better option of business grove. There are many possibilities and one of it is franchise.
Franchise is an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, for example acting as an agent for a company's products.
Arrangement where one party (the franchiser) grants another party (the franchisee) the right to use its trademark or trade-name as well as certain business systems and processes, to produce and market a good or service according to certain specifications. The franchisee usually pays a one-time franchise fee plus a percentage of sales revenue as royalty, and gains
- name of company will be recognized immediately,
- tried and tested products with built-in customers for region, continents or even all over the world,
- standard building design and equipment, so you do not need to waste time on details and save budget,
- support in running and promoting the business at the time of starting the business,
- ongoing help in promoting of the service or product,
- detailed instructions and control too,
- ready training of employees.
Franchise often is fitness clubs, beverages, children's services, television shows, hotels.
According to Franchise Direct, the most popular Global Franchise is McDonald's, KFC, 7 Eleven (store), Burger King, Marriott International (hotel).
When you choose to start franchise business,you need to be sure that you want to follow specific rules and want to choose this type of business. Maybe, you need some advices, consultations from specialists to see all advantages and disadvantages before you make a choice.
Don't be shy to ask because it is your future.
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