That is exactly what they are. An entrepreneur is someone who takes a financial risk by investing in a business. There is always a franchise fee involved.
Bill Gates
Entreprenuers are cooler.
franchisees must pay to use the franchiser's name, products, and assistance. Usually franchisees must pay a one-time franchise fee as well as continuing royalty and advertising fees,
Yes, a franchisor can be considered an entrepreneur as they create and develop a business model that can be replicated by others. They take on the risks associated with establishing a brand and providing support to franchisees while aiming for growth and profitability. By offering a franchise, they leverage their concept and expertise to expand their business through partnerships with franchisees.
The role played by entreprenuers in the economy of the country is that they create the jobs that put people to work. This allows people to make income that they can used to put back into the economy.
Dunkin' Donuts extends a lot of support to its franchisees. They have marketing support as well as training support.
Take a risk, invest their money and try to turn a profit.
To look for a job
It was called "Black Entreprenuers
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Potential franchisees need to determine not only what protection they will receive for their earnings if they are successful, but also what obligations they will be responsible for if the franchise fails.
They bring resources to areas of the economy they are needed.