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Franchising can be highly complicated, especially for beginners. But having the proper knowledge and understanding of the basic franchising terminologies will help anyone to get started.
In this episode of the A to Z of investing in a franchise, Rak Sharma discusses the most common terms encountered in the franchising world.
Things you will learn in this episode:
– The importance of understanding the basic franchising terminologies
– What are the basic franchising terminologies
– Difference between a royalty fee and franchise fee
– Types of fees the franchisee must pay
If you liked this episode, I’d highly appreciate it if you can leave me a short review on Apple podcast.
Check out these links for more franchising resources my team and I prepared for you: