Franchising is a great way to do business. If you're a franchisee you are supported by a large company and a strong brand. If you're a franchisor you can expand your business rapidly through a network of self-motivated partners who want to succeed as much as you do. As with all enterprises, there are pitfalls. My monthly tips will, hopefully, help you to avoid these and go on to build a successful business venture.
Systems are critically important in a franchise business.
Franchisees pay their hard-earned dollars to franchisors because they have developed, refined and improved their systems over time. Finding the right franchise business . Franchising is one of the most popular methods of finding a good business opportunity. There are six points to consider when making a decision about the type of franchise to select. This month Franchise Frank has a conversation with a genius .