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Evidence shows franchising has extraordinary opportunities for family businesses, enabling them to grow into multi-million dollar assets. According to a recent PriceWaterhouseCoopers report franchises have seen average annual revenue growth of 10%. But this is not a new phenomenon – one well-known...
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6 important things to consider when you are planning to buy a franchise Happy franchisees – It may seem like common sense, but one must consider a business with happy franchisees. Many people don’t talk to people who are working within the franchise when they are scoping out a potential...
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It's long been recognised that newer small businesses run as a sole proprietorship have higher failure rate than many long-established companies. Even larger businesses with long-standing track records for success are sliding into decline. Franchise Model The successful US coffee giant,...
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Does the franchise mean that the company is already yours? Let's find out. While doing a franchise your chances of being successful are high - higher than you imagine The franchisor already did the risk-taking for you, but what's your responsibility? What should you avoid? Having a business is...
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The Franchise Disclosure Document is an essential document to help you assess a franchisor’s finances. However, some franchisors are unable to fully disclose their financial information and projections to avoid misleading a potential franchisee. You can hire a franchise consultant, run a credit...
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