Franchise:
A franchise is an authorization granted by government or company to an individual or
group giving them the right to carry out specific commercial activities. It's an
arrangement in which a company sells another business the right to sell its product or
services in return for payment. Like an agent.
Positive aspect of owning a franchise.
1.it yeild profit: they see higher profit than independent established businesses.
2.It creates brand awareness: most franchise have recognizable brands that bring
customers in droves.
3. There is a lower failure rate: the risk in owning a franchise is usually very low.
4. It enable a person become his/her own boss.
Negative aspect of owning a franchise
1_cost and fees: the toll it takes to get the compliance of the work force is high and
there's a potential risk when there's lack of compliance
1. Lack of Independence
2. Limited growth potential
3. Guilt by association
A franchise is an authorization granted by government or company to an individual or
group giving them the right to carry out specific commercial activities. It's an
arrangement in which a company sells another business the right to sell its product or
services in return for payment. Like an agent.
Positive aspect of owning a franchise.
1.it yeild profit: they see higher profit than independent established businesses.
2.It creates brand awareness: most franchise have recognizable brands that bring
customers in droves.
3. There is a lower failure rate: the risk in owning a franchise is usually very low.
4. It enable a person become his/her own boss.
Negative aspect of owning a franchise
1_cost and fees: the toll it takes to get the compliance of the work force is high and
there's a potential risk when there's lack of compliance
1. Lack of Independence
2. Limited growth potential
3. Guilt by association
