Opening a franchise business in pooja samagri online involves several risk factors which the franchisee has to consider before starting business. Read this blog to know more in details.
Investing in a franchise business demands huge monetary requirements. Therefore, it becomes important to determine the factors which lie on the edge of the risk axis. You should keep in mind that the perceived risks aren’t limited to just a single factor. Rather a sum of all the risks can make your investments go almost south.
What is the Franchisor-Franchisee relationship?
Essentially a franchisee has to pay an initial fee along with the ongoing royalties to a decided franchisor. In return, the franchisee gains from the use of the brand trademark and all the rights to use the franchisor’s system and methods of doing business by selling its products and services. Reputable franchisors will always conduct a thorough market analysis before giving all rights of business to a new outlet, know about the competition in the market and other important issues. The franchisee is an independent small business who then leads the management and operations from its franchise location. It is then responsible for conducting the day-to-day range of businesses. Continue reading Consider the Following Risk Factors Before Buying A Franchise