#9 Franchise Fundamentals Part 1.: What You Need to Know

In this episode, we explore the franchise business model, covering its fundamental aspects and benefits. We’ll discuss what a franchise entails, including the roles of franchisors and franchisees, and how it provides a proven business framework. Discover how buying into a franchise can offer a jumpstart for new entrepreneurs, reduce startup risks, and leverage established brand recognition. We’ll also delve into the costs involved, including franchise fees and royalties, and examine the support and structure provided by franchisors. Additionally, learn about the scalability of franchising and why it might be the ideal path for expanding a successful business model.

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