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This field grew steadily beginning in the 1960s and was significant in the development of certain consumer-related industries, especially fast food

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15y ago

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Why is franchising attractive to some people?

Franchising requires capital, not any development of know-how or a brand.


What is first step in franchising a business?

The first step in franchising a business is identifying what areas your business can branch out into. You need to remember that you are selling opportunity to any potential franchisee.


Where can one find information on franchising your business?

There are a number of websites which offer step by step instructions on how to go about franchising a business. Another way of finding information is to look at business related books at libraries or bookstores. The final way of getting franchising information would be to speak to a business adviser.


How does one go about franchising their business?

One could franchise their business but it will not be cheap, it will be quite expensive in fact. Entrepreneur dot com has some great tips for new people to franchising.


Why is franchising more popular with service retailers?

Franchising is more popular with service retailers because it allows for rapid expansion with lower capital investment and risk. Service-based businesses often rely on consistent customer experiences, which franchising can help standardize across multiple locations. Additionally, franchising enables service retailers to tap into local market knowledge and management expertise, enhancing their chances of success. This model also provides franchisees with established brand recognition and support, making it an attractive option for many entrepreneurs.

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