Franchising is nothing more or less than a way to distribute products or services. The big trick is to find the business that fits you and your lifestyle. There are always at least two parties involved in any franchise agreement: the franchisee (someone who buys a franchise) and the franchisor (franchise your existing business). The most important factor the in the equation is that it fits your strengths and talents. If you are new to the world of business, being a franchisee can be a good option. If you are successful and want a way to duplicate your business, consider becoming a franchisor.
If you’re considering buying or selling a franchise, find out more. Come back next week for more. Don’t forget to check out the great resources at www.score.org. Here are a few articles below.
Have you checked out the new SCORE Community? It is an online community focused on the needs of small business owners and entrepreneurs. Some of its features include: