Franchising can be a good fast track way to set up a business in a join the dots sort of way. However, with such a plethora of possibilities from pizza franchises to cleaning operations (here’s a bucket and mop – that’ll be £10,000 please) it’s important to know what you’re getting from your investment.
An Entrepreneur.com article goes through 16 of the most common Franchise phrases and terminology. Learn about terms that you’ll need to be familiar with before hitting the franchise exhibitions – know what a franchise disclosure document is? Or why you should care about absentee ownership? You will after you read the 16 Common Franchise Terms Explained article.