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Ways to Know That Your Business Are Ready For Franchise

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Ways to Know That Your Business Are Ready For Franchise

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  1. Is Your Business Franchise- Able? A lot of business advice is focused on the franchisee. It doesn’t seem to have a lot of downsides. You have a business template, there’s already a brand position, and you get support from your franchisor. Delegation overload Franchising your business is a dual risk. You have to let someone else take the reins, knowing that if you mess it up, it’s on you. Cost assessment Which leads to the second question – can you afford it? One of the benefits of franchising is the financial support you get from your ‘home brand’. Clones and replicas Your franchisee is entirely dependent on your ability to extend your success to them. And you have to do it … without yourself.

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