Top 10 Things to Know Before Becoming a Franchisee!!
PC: Google.com Entrepreneurship is becoming more and more popular these days and many are tuning into the idea of being their own boss by investing in a franchise. If you are thinking of starting a business by becoming a franchise owner then here is a list of the top 10 things which you need to know before buying one. 1. The Franchise Dynamic A franchise model is called the greatest business model ever and has helped many people achieve their dream of owning a business. Before agreeing to a franchise proposal it is important to understand how it works. A franchise model is a win-win situation wherein a franchisor gives the permission to the franchisee to run its business model and the revenue is shared. This way the franchisor increases its brand value and also gets some investment while the franchisee gets to use an already existing brand name and own a business as well. 2. The Risk Involved It is no news that investing in a business is risky. You might have to ris