Financial independence is on the mind of most franchisees and entrepreneurs. But what route should a owner take in order to achieve their dreams? This article from Franchise Magazine addresses this issue.
Franchisees usually operate in their own locality, meaning they bring knowledge of geographic locations and labour markets to the franchise, as well as their own managerial skills and financial capital. Through multi-unit franchising this local market knowledge can be fully exploited. A network of single unit operators is likely to exhibit a wider variation in performance than a group of units operating under the same administrative structure. (read the entire article)
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