If you’re looking to start a business, one question that you might have asked yourself is whether you want to create an independent business or get involved with a franchise. While owning a franchise allows you access to numerous benefits, there is a lot to consider.
Franchising happens when a franchisee (a third-party buyer) purchases the brand rights from a franchisor (the brand owner). It’s the franchisee’s job to pay franchise fees for the rights to use said brand, as well as ongoing fees for marketing, royalties, and more.
It’s pivotal to consider the pros and cons of getting involved with franchising. You can use this guide to determine the many advantages and disadvantages of franchising: Read More