Why Franchising Is A Smart Business Strategy
While aspiring entrepreneurs have the drive and vision to launch and grow a business, not all have the resources or networks necessary to make it a success. Franchising can be a tremendous vehicle for business growth, enabling an entrepreneur (the franchisee) to operate a business using the proprietary business model, identity, products, services and expertise of an existing brand (the franchisor) in exchange for a startup fee and ongoing royalty payments.
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