ENTREPRENEURSHIP

Detailed explanation-1: -When you buy an existing franchise, you get brand recognition along with a location and market that is already proven. If the local market has accepted and used the franchise already, a franchisee won’t worry as much about whether the site will be successful.

Detailed explanation-2: -A key benefit in the franchise business model is that, as a franchisee, you are given the right to trade with an established name, logo, and style, which is not the case when you start an independent business. You are operating under a brand that has built up its reputation and general brand awareness.

Detailed explanation-3: -a proven business model that is easy to replicate. the ability and appetite for change and innovation as the market evolves. tested marketing strategies and resources. buying power with suppliers. outstanding operations support. 10-Oct-2022