I work at a franchised store but what is the difference between franchised and just a regular store
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When you start a store on your own, you have to make a bunch of decisions about various things such as:
– Name / color / logos
– What products to sell
– Where to buy those products
– Uniforms
– Staff training
– Cash registers
– Inventory tracking systems
– Financial accounting procedures and software
This is only the beginning. And a lot of it is absolutely critical; get it wrong, and you might go out of business.
There are plenty of existing companies that have already figured this stuff out. And some of those existing companies are willing to make a deal with you, where you can use their existing stuff. (Usually you have to pay them $ up front, $ per year, and a % of your profits.)
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