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    Franchising

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    Franchising A franchise, by definition is a legal agreement that allows one organization with a product, idea, name or trademark to grant certain rights and information about operating a business to an independent business owner. In return, the business owner (franchisee) pays a fee and royalties to the owner. This one-time fee paid by the franchisee to the franchisor is referred to as a franchise fee. The fee pays for the business concept, rights to use trademarks, management assistance and

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    Exploration of Franchising Definition Franchising offers an excellent opportunity for you to be in business for yourself. When you hear the word " Franchise" you probably think of fast food restaurants such as Burger King, McDonald's or Subway. But the truth is Franchising is so much wider than that. In simplistic terms, franchising is where a successful business format is replicated. This will involve the setting down into an operations manual all the systems and procedures that the

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    Franchising Subway

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    Franchising Subway Franchising has attracted some 34,000 people in the UK to invest in their future in self employment. Here are 15 reasons why franchises offer an attractive business opportunity. 1. Established brand value. Prior to launching a franchise, the franchisor has developed and established attractive and meaningful branding for the operation, and as the network of franchisees expands the national recognition of this brand grows. When a franchisee enters into a mature franchisee

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    life in our day are given Franchising has developed throughout the years as a prevalent type of dispatching into an entrepreneurial endeavor . An establishment is an arrangement of dispersion that empowers a supplier (the franchisor) to orchestrate a merchant (the franchisee) to handle a particular item or administration

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    Franchising: Perspective of Entrepreneurs

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    In order to familiarize franchising, its history must be known. (The History of Franchising, 2007) the word franchise came from the old French meaning privilege. In the middle ages, franchise is a privilege wherein the local sovereign words will grant to hold markets to hunt on hid land. It is shown in the phrase that franchise started as early as the middle ages. The king was like the franchisor which allows his business commercial activities to be used by the other businessmen or franchisees. It

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    Advantages & Disadvantages of Franchising Franchising is ‘a continuing relationship in which the franchisor (the owner of a company) provides a licensed privilege to the franchisee (the buyer) to do business and offers assistance in organising, training, merchandising, marketing, and managing in return for a consideration. It is a form of business by which the franchisor of a product, service, or method obtains distribution through affiliated dealers (franchisees).’ (http://www.business.gov) A

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    Licensing vs. Franchising LICENSING Licensing is Lower Cost and Can Be Done Quickly. If you are thinking about expanding your operation through franchising, licensing may be an alternative because (1) it is substantially less expensive, and (2) it takes about ten to fifteen business days to complete rather than months and months for franchises. Also, no past audited financial records showing successful performance are required in licensing. Business Goals Often Can Be Met. It is often

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    Franchising Vs Licensing

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    Franchising Vs. Licensing Franchising and licensing are means of expanding a business. These two terms are often confused with one another. However, franchising and licensing come from two distinct areas. A comprehensive difference is shown in the following table. Definitions Franchising is a business model in which you purchase a license of a specific business. The Franchise Fee {Licensing fee} gives you the right to open a franchise of that particular business, using trademarks, signage

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    are around one million franchise businesses available nationwide and about a third of retail sales in the United States take place in franchising. Franchising businesses can vary from automobiles, food, gas, clothing etc. Franchising can be established when a business owner wants to grow the businesses goods and services through a licensing agreement. Franchising began to develop in the post war era around the 1950’s to 1960’s. Many common franchisors of convenience goods and services available today

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    Benefits Of Franchising System In Turkey Franchising system has lots of adventages for economic growth of Turkey such as it creates job opportunity , competition improves the domestic campanies and global campanies brings many adventages. FRANCHISING IN TURKEY Franchising is one of the most important ways for global campanies and Turkey is seen as a profitablemarket for international franchisors.In Turkey , there are many franchisors in different sectors.Especially, Turkey's geographic

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