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In terms of the student question, franchisors generally define the rules of engagement for the franchisee, and while the franchisee pays a royalty for the privilege of being associated with the brand. As you were preparing your budget for the year, you should have set sales goals, established quality standards for your products and services, and performance goals for your employees. Gather all the information you can about the market you're thinking of entering, and don't neglect to talk with people who already own franchises similar to the one you're mulling.
Publisher: Franchise Development Services Ltd (October 1984)
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All too often the owner wants both, but to expand the business rapidly while planning a new house on Maui for long vacations involves considerable risk. To make a realistic decision on which direction to take, the owner needs to consider the personal and business demands of different strategies and to evaluate his or her managerial ability to meet these challenges ref.: Franchise & Business read here http://tedmcginley.com/lib/franchise-business-opportunities-entrepreneur-magazines-expert-advice
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In order to maintain competitiveness in the specific industry, it is important to be objective about your business message. To win customers, your marketing message has to be foolproof and without potential innuendo. This is the point where understanding buyer motivation enters the picture. Many buy on a sense of the impulse of wanting a service or product ref.: MrQuickPick's Complete Startup Business Guide to Unlocking Cars for Profit!: How To Make Money Now as a Mobile Locksmith and Roadside Services Provider http://mmm.pyxl.org/library/mr-quick-picks-complete-startup-business-guide-to-unlocking-cars-for-profit-how-to-make-money-now
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. Your skills and experience are probably your most important resource, not only in generating ideas but also in capitalizing on them. A franchise is an arrangement whereby the manufacturer or sole distributor of a trademark, product or service gives exclusive rights for local distribution to independent retailers in return for their payment of royalties and conformity to standardized operating procedures Everyone's Guide to Franchising in South Africa http://tedmcginley.com/lib/everyones-guide-to-franchising-in-south-africa
. This growth in both major and small business franchises is a reflection of Americans desire to build their dreams of entrepreneurship The Australian Franchising Handbook http://primaryspeakers.com/freebooks/the-australian-franchising-handbook
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