book 5 lesson 23

franchising

franchising is a great opportunity for individuals that are seeking to open a business. a successful franchise operation offers a business model that can be easily followed and implemented in different locations. franchising offers benefits to the franchisee and also to the consumer. it diminishes the distance a consumer must go to obtain quality goods or services. statistics show that most business will close within the first three years of the start up date. on the contrary, 95% of franchises reach the third year wih success and remain as a profitable operation. franchising is a very positive opition for both business people looking for an oppotunity to succeed, as well as for established businesses to expand on a national and international level.