Continued from page 1
During
first few weeks of business
Franchisor may provide its own personel to
Franchisee for assistance and support. This helps ensure a smooth opening. Additionally, once
business is open, a Franchisee will receive ongoing assistance and support from
Franchisor, not to mention support from
other franchisees, all who are all just a phone call away.
Once a year or more Franchise Meetings occur between
Franchisor and their Franchisees to exchange ideas, develop new techniques and startegies, and to compare progress and profits.
All of this is not free, of course. Franchisees normally pay
Franchisor an initial Franchise Fee, plus monthly royalties which can range from 3% - 12% of their total income per month. But it can be well worth it!
In owning a Franchise, you are in business for yourself, but you are not by yourself!
(Copyright 2005-ehbvi-www.businessventureinc.com)
(Copyright 2005-ehbvi-www.businessventureinc.com)

Ernie Horning is Franchise Consultant and owner of multiple businesses. He is a former franchise owner and writes articles for www.businessventureinc.com
(Copyright 2005-ehbvi-www.businessventureinc.com)