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Documentation and Management of Franchise Systems |
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Imagine inaugural 20 newborn playing locations without having to foot the bill for actual estate, equipment and utilization costs or attractive on some of the risk. Even more, envisage uncovering managers to separate every those locations, who are just as committed to ontogeny the consort as you, and you don’t have to pay them a dime. Finally, envisage that these managers module hire, fire and curb every employees as substantially as foot the bill for every operative costs and expenses. Sound far-fetched?
Not if you’re thinking to enter the concern industry, one of the fastest structure to grow a small playing without breaking the bank. For some companies, franchising a playing (or licensing) is a sensible way to achieve rapid, juicy growth without gift up some curb or ownership. Going from a azygos location to a dozen in a couple years, or a hundred in decade eld is doable and well-documented because concern owner-investors put up every investment capital, shoulder every risk and assume every day-to-day operative responsibilities.
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