When it comes to running a successful franchise, identifying and leveraging your unique selling points is crucial. Your franchise’s unique selling points are what sets you apart from competitors and attracts customers to your brand. This brief guide will discuss how to identify and capitalise on your franchise’s unique selling points to drive business growth […]
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When it comes to business opportunities, franchising is often misunderstood. Many people have preconceived notions about what it means to be a franchise owner and the potential for success within this business model. This article will explore and debunk five common misconceptions about franchising to provide a clearer understanding of this lucrative industry. Franchising
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Micro-franchising is a term that is gaining popularity in the business world, but what exactly does it mean? In simple terms, micro-franchising is a business model involving small-scale franchise operations, typically in developing countries or underserved communities. This innovative approach to entrepreneurship has the potential to empower individuals and drive economic growth in areas where
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One of the most critical decisions when starting a franchise is choosing the proper legal structure for your business. The legal structure you select will impact how your franchise operates, the taxes you pay, and your personal liability. It is essential to understand the different legal structures available and choose the one that best fits your franchise’s
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Franchising is a popular business model that allows individuals to own and operate their own businesses using an established company’s brand, products, and systems. However, like any business arrangement, there may come a time when a franchisor needs to terminate a franchise agreement. This article will explore the termination process and the legal framework surrounding
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When it comes to entrepreneurship, the image that often comes to mind is a person starting a business from scratch, taking risks, and building a brand from the ground up. However, in the world of franchising, the lines between being an entrepreneur and being a franchisee can sometimes be blurred. Are franchisees really entrepreneurs, or
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Have you always dreamt of owning your own business but don’t have the capital to start from scratch? Buying a franchise could be the perfect solution for you. Franchises offer a proven business model and brand recognition, making them popular for aspiring entrepreneurs. But what if you have no money to invest in a franchise?
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Franchising has long been a popular business model in the UK, offering individuals the opportunity to own and operate their own business while benefiting from a larger company’s support and brand recognition. But as the business landscape continues to evolve, what does the future hold for franchising in the UK? In this article, we will
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When considering a business’s value, one often thinks of physical assets such as equipment, buildings, and inventory. However, there is another type of asset that holds significant value but is not tangible in nature—intangible assets. One common form of intangible asset is a franchise. This article will examine whether a franchise can be deemed an
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A franchise resale refers to the process of selling an existing franchise unit to a new buyer. In a franchise resale, the buyer acquires an already operational franchise outlet, including its assets, employees, customer base, and the remaining term on the franchise agreement. This can offer several advantages over starting a new franchise from scratch,
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