Low Investment High-Profit 💲 Business Idea
The franchising model consists of two parts, franchisor, and franchisor. A franchisor is a company or brand that owns a franchise that another person would like to take over. For example, if you are planning to start a McDonald’s franchise, then people say that franchise is your franchisee and you who start a franchisee is the franchisor. The franchisor provides the franchisee with a turnkey business process, product-market fit, appropriate training, and a well-established brand on which the franchisor can build their business. All this support from the franchisor helps the franchisor create a blueprint for their business, without spending too much time on the start-up level.
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