Creating your own business has grown in popularity since the job market has become less stable in recent times. If you’re a small business owner the thought of franchising has most likely come to mind. If you decide to go this route and create a franchise agreement, you would sell the rights to open a new unit to another party that agrees to follow your business model and pay you a percentage of sales. Let’s take a look at some benefits as to why franchising your business may be a good fit for you.
How to Franchise a Business
In recent years choosing to franchise a business has proven to be a route that leads to rapid growth. However, it’s important to note that becoming a franchisor is not guaranteed to be a path to success. Suppose you have dreamed of seeing your business become a household name with a network of respected franchises … Read more