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However, for the franchisor it will be more important to have a conciliatory or good dialogue role , rather than imposing its particular ideas or solutions. A franchise must represent mutual benefit for both parties. There is a risk of mismanagement on the part of the franchisee Although the franchise provides knowhow as well as advice, poor management by the franchisee could become a risk, causing loss of profit, sales and the consequent loss of reputation and image. A franchise relationship, the brand owners make a good selection of franchisees.
With this prior selection, the risks of inability on the part of the Belarus WhatsApp Number franchisor in the management of the business or with respect to the relationship between the two parties are reduced. advantages and disadvantages of having a franchise How does a franchise work? In this case, the two parties will share rights and duties through a contract, and require developing stable and friendly communication. By sharing all of these things, you will have a number of impressive benefits. The operation of a franchise is based on a business concept with relative success.
The brand begins to position itself in relevance and finances increase with stability. Likewise, the operations are calculated and verified. Despite the above, at the time of expansion, the owner probably does not have the necessary capital to carry it out. This is how you sell your idea to a third party, turning the concept into a franchise. To better understand how it works, let's review the fundamental parts involved in this successful business model, very st century. The franchisor What does the franchisor do? He is the person who owns a brand and its products or services .
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