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In this episode, Dr. John P. Hayes explains exactly what it means to buy a franchise.
He looks at the difference between a corporate chain such as Wal-Mart or Target and a franchise chain, pointing out that franchising is a license, a methodology and a distribution system for the franchisor but can create tremendous opportunity for the franchisee.
However, franchising isn’t something you buy out of a box and put on auto-pilot. It comes with risk but unlike purchasing a non-franchised business, with a franchise you become a calculated risk taker.Tags: be an entrepreneur, be the boss, best franchise to buy, buying a franchise, entrepreneur, franchise opportunity, franchise to buy, Podcast, what is a franchise
This post was written by John Hayes