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The Basics and History of Franchising

Franchising is one of the most lucrative industries in the world. The industry is worth 800 billion annually in the US, with over 800,000 franchise units. The sector employs 8 million people with just under 4,000 different franchisors. If you want to learn more about this exciting industry, you have

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What makes a successful franchisee?

Having conversed with many Franchisors over my time in this business, the most important trait they look for is TRUST! franchisee’s Trust in themselves Trust in the proven process of the franchise Trust that franchisee can navigate the ebb and flow of business ownership Successful Leader/Communicator Risk-Taker Willingness to Learn

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Things you should expect from your Franchisor

Firstly, the Franchisor should be an established company with several years of successfully operating this franchise system under their own steam. They may have started off as a small business entrepreneur and then grown the business to at least 3-5 outlets (normally corporate units) prior to considering franchising the concept to

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