If you have weighed all the pros and cons of this type of business and yet have firmly decided to open a franchise – our article will help you. In it, we will look at all stages of starting a franchise business and tell you what you should pay special attention to aspiring franchisees.
What is a franchise?
Suppose you are passionately willing to start your own business. You have money to start a business, but you are afraid of losing everything overnight due to lack of experience. You just do not know where to start: a business idea? Marketing plan? As time shows, in our country in the first five years, more than 80% of new enterprises are closing. But it is still possible for a budding entrepreneur to secure his business: it is enough just to conclude an agreement with the franchisor and become a franchise or a user of the brand.
A franchise is an agreement that a brand owner proposes to an entrepreneur
Thus, even the most inexperienced businessman can open his own business under the name of a promoted brand, without worrying about risks. Just imagine: you will use the logo of a well-known Russian or foreign company, which has long established itself as a consumer. In addition, you will enlist the support of these business luminaries and can use all the strategies and technologies they have developed.
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