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Blawg Briefs
Thursday, June 16, 2011
What’s So Great About Franchising? (Part Three)

The Franchisee's Story

Franchising is the fastest and safest way to become a business owner. Rather than making all the mistakes and risking disaster at every turn of the road, a franchisee can buy the necessary experience and expertise. In many systems, franchisees get fantastic value in the knowledge they obtain for the dollars invested.

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Expansion
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Authors

Edward (Ned) Levitt
Monday, June 6, 2011
What’s So Great About Franchising? (Part One)
Notwithstanding the fact that there are problems to overcome, franchising can often be the best business approach. For the franchisor, it could mean putting a successful business at risk. It can require substantial capital investment and an even greater investment of time and human resources. New skills must be acquired and new duties and responsibilities assumed. The new system may lose money for years during the maturation stages. Absolute control over every aspect of the operations must be released, which can be unnerving, at best.
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Edward (Ned) Levitt
Monday, May 30, 2011
Franchisability is Not Enough!

Well, you have read everything written about franchising, sought the advice of a franchise expert, spoken to your accountant and lawyer, discussed the matter with the bank manager and consulted your brother-in-law (who has eaten in hundreds of franchised restaurants over the years) and you all agree that your own particular business is franchisable. Are you ready to start preparing a franchise program? Absolutely not!

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Expansion
Failure
Franchise
Planning
Profit
     

Authors

Edward (Ned) Levitt
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