What is a Franchise?
Franchise is a Licensing Arrangement Between a Company Brand. If You Want Open A Company Store / Institute / School / Shop etc. Than You Contact to Company and Apply For Franchise. If Your Application Accept you Can Start Your Business. Then You’ll Receive a Set of instructions Setup of Your Franchise.
If You’re Looking For a Ready Business Model, Becoming a Franchisee Just What You Want. But if You’d Like to Exercise More Creative Control, You Might Be Better off Opening a Small Independent Business.
Franchise Basics ?
In a Franchise set up, a Business Operator Sells the Rights to Use the Name, Business Model and Processes to a Franchisee Who Wants to Operate His Own Business unit. In this type of Business Structure, the Franchisee Has Ownership of His Unit or Location.
A Businesses Owner Sell All Rights to Use Brand Name , Logo, Website and Business Model For a Franchise. If You are Buy The Franchise the Business Owner Sell an A Business Unit. The Franchisee Pays The Franchisor and Franchise Fee as Well as Licensing Fees in Exchange For the Benefits of Using the Business Name and Model .
Business Opportunities are Less Structured Than Franchises, So the Definition of What Constitutes a Business Opportunity isn’t Easy to Pin down. That a market exists for the Service, and that the Franchise Will be Profitable. Franchisers Keep all Profit, Franchise Fees, From the Operation of the Business. Some Franchisers also Provide Support and Training For Franchisers. Franchisers Take on Risks That the New Owner Will Operate a Poor Business and Damage the Franchise Brand. The Franchisee Gets to Become Part of an Established Business with Brand.
The Benefits Of A Franchise ?
With Franchising, Development Appears to Come all The More Normally. Working an Effective Establishment May Rapidly Prompt to Building a Moment and After that a Third Business. Fortunes Have Been Assembled Along These Lines.
- Diminished of Hazard
- Institutionalized items and Frameworks
- Institutionalized Money Related and bookkeeping Frameworks
- Aggregate Purchasing Power
- Supervision and Counseling Promptly Accessible
- National and Neighborhood Promoting Programs
- Purpose of-offer Promoting
- Progressing Innovative work
- Deals and Promoting help
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