Franchises are business opportunities that are based upon a proven business model that can be replicated. This is laid out in an operations manual which provides a formula for a new business owner to follow.
Franchises are usually proven by way of pilot businesses which have been shown to run profitably for a period of time and their business processes and activities documented. This provides the proven business model which can provide a level of peace of mind to the franchise buyer.
However, franchises still carry a degree of risk like any other business and undertaking careful research and due diligence is good advice when considering a franchise opportunity to ensure best chance of business success.Powered by Sidelines