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Franchising is not a one-way street. Remember that the franchisor did not sell the franchisee any business. The franchisor is only selling the rights to operate the business under their proven formula. It means franchising is a mutually beneficial agreement where the success of both parties is reliant on one another. Each have a role to play for the success of the franchise.
In this episode of the A to Z of investing in a franchise, Rak Sharma discusses the responsibilities of franchising.
Things you will learn in this episode:
– Responsibilities of the franchisee
– Responsibilities of the franchisor
– Why franchising is a mutually beneficial agreement
– The key to success in franchising
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: