Module 4 . Franchising

What Is A Franchise?
Pros and Cons of Owning Your Own Business
Business Format Franchising
Business Format Franchising Example
Product Distribution Franchising
Product Distribution Franchising
Management Franchise
Management Franchise
Pros (Advantages)Cons (Challenges)
Opportunities to make money and be your own bossThe cost could be prohibitive; in terms of the initial franchise fee, the ongoing franchise costs and the potential lack of salary
The advantage of having the marketing and brand trust from the trademark brandThe contract may be lengthy and challenging to exit. It’s crucial that you take legal advice and understand what you’re getting into, and importantly, if you can get out of it if it isn’t working.
Usually, it's a proven business model that has been refined and worksYou might find that operating underneath the framework is restrictive and prevents you from implementing your own ideas and approaches