Discuss advantages and disadvantages of a franchise as compared to other types of business formations.© BrainMass Inc. brainmass.com June 3, 2020, 7:31 pm ad1c9bdddf
1. Branding from a national name with a built in reputation at the outset
2. National cooperative advertising with local tags largely paid by the franchisor
3. A proven system of organization including set up, equipment, training
4. The possibility of financing sometimes offered by the franchisor for the entire package
5. Consulting from the franchisor after the fact to assist with management problems
6. A built in set of standards proven and tested for operations
None of the above is available for the business just ...
The expert examines the advantages and disadvantages of franchise businesses.