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Monday 5 August 2013

Franchise Business

Franchise Business is a Business Partnership Model which involves two parties, the franchiser and the franchisee. Basic information of a Franchise Business are:-

  • Franchiser provides the business know-how, training, system and his brand for marketing to the Franchisee. Franchisee is fully responsible for managing and expanding franchiser's business..

  • Entrepreneurs, who like to become franchisees should have the will, dedication and sufficient capital to work as Franchisees.

  • Today, Franchise Business exists as a successful business module for various business sectors.

  • Franchisee to become a successful business partner has to visit as many franchisees as possible to know about each business model.

  • He should have thorough analysis of Company's (Franchiser's) previous record and its performance.

  • Franchisees should be optimistic and be realistice about their financial capacity to invest into Franchise Business.

  • It is advisable for a Franchisees not to skip the Franchise Consultants often.

  • It is found that 90% of the Franchise Business has been very successful during the last 20 years.