Franchising

1. Introduction Deciding whether or not to go into propagate is a very strategic step in the fear start-up process for b risk of exposure(a) and possible little billet owners. Each year, thousands of entrepreneurs and potential entrepreneurs atomic number 18 faced with this difficult decision. Because of the risk and the amount of work tough in starting a new business, m both new and potential small business owners choose franchising as an secondary to starting a new, independent business. Although the achievement rate for franchise-owned businesses is importantly better than the success rate for many independent businesses, there is no commandment to guarantee success. One of the biggest mistakes you can pick out is to be in a hurry to get into business. Thats wherefore its important to understand your reasons for going into business, and to determine if owning a business is cover for you. If you are concerned about the risk snarled in a new, independent busines s venture, then franchising may be the best business option for you. Remember, however, that hard work, inscription and move over are key elements in the success of any business venture, including franchising. 2. What is Franchising? A franchise is a legal and commercial save between the owner of a trademark, service mark, trade descriptor or advertising symbol and an individual or assembly seeking the right to use that identification in a business.

The franchise governs the method of conducting business between the two parties. Generally, a franchisee sells goods or go supplied by the franchisor or sells goods or work that meet the franchisors quality standards. Franchising is based on mutual organised religion between! the franchisor and franchisee. The franchisor provides the business expertise (i.e., marketing plans, counsel guidance, finance assistance, site location, training, etc.) that otherwise would not be procurable to the franchisee. The franchisee brings to the... If you pauperization to get a full essay, order it on our website: OrderEssay.net

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