In the most basic sense, a successful franchise model lets an investor tap into the success of a company and profit from it. It’s an agreement between an entrepreneur and a company, one where the entrepreneur becomes an extension of the company.
The franchise model has been around for quite a while now, and it’s enjoyed a lot of success. This success is due in large part to the fact that both parties benefit mutually when the model works. Watch this video for a more in-depth definition of a franchise model.
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