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HOW TO FRANCHISE A BUSINESS - TIPS FROM AN MBA FRANCHISE ATTORNEY AND FORMER FRANCHISE OWNER
3 pages
Published by
Smith Allen
HOW TO FRANCHISE A BUSINESS – TIPS FROM AN
MBA FRANCHISE ATTORNEY AND FORMER FRANCHISE OWNER
Copyright 2010, Kevin B.
Murphy, B.
S.
, M.
B.
A.
, J.
D.
- all rights reserved
WHY COMPANIES FRANCHISE A BUSINESS MODEL
Imagine opening 100...
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HOW TO FRANCHISE A BUSINESS – TIPS FROM AN
MBA FRANCHISE ATTORNEY AND FORMER FRANCHISE OWNER
Copyright 2010, Kevin B.
Murphy, B.
S.
, M.
B.
A.
, J.
D.
- all rights reserved
WHY COMPANIES FRANCHISE A BUSINESS MODEL
Imagine opening 100 new business locations without having to foot any bills for real
estate, equipment and build out costs or taking on any risk.
Even more, imagine managers
running all those locations, which are just as committed to growing the company as you and not having to pay them a dime.
In fact they pay you money for the right to operate
your business model.
For many companies, creating a franchise program is a sensible way to achieve rapid,
profitable growth without giving up any control or ownership.
Going from a single
location to a dozens or even hundreds is possible and well-documented because franchise
owner-investors put up all investment capital, shoulder all risk and assume all day-to-day
operating responsibilities.
It s expansion, using OPM - Other Pe
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