What are the costs involved in purchasing a business format franchise? Are these costs similar across franchise systems, or do they vary widely? Which costs are one-time costs and which costs continue indefinitely?
Answer to relevant QuestionsWhy is passion such a critical part of entrepreneurial success? Prim’s founders were apparently passionate about building a company but not the laundry business specifically. In what ways is this combination problematic? What are some resources available to you as a prospective franchisee to identify franchise opportunities? What are some of the aspects of franchising that make it subject to ethical abuses? A friend of yours owns a carpet and installation business, which is a full-time job. To increase his income, he’s thinking about buying a 1-800-Water-Damage franchise, which is a franchise that helps homeowners and ...If you were to consider buying a School of Rock franchise, what issues would concern you the most about your ability to be successful as a franchisee for this company?
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