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6 Advantages of Franchise Business
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[QUOTE="Jasmine, post: 297762, member: 49159"] There are several benefits of franchise businesses. Some of the common benefits are: [LIST=1] [*]Established brand recognition and reputation. No need to work on building a brand for the business. [*]Access to proven business models, products, and systems, no need to work on new ideas [*]Training and support from the franchisor [*]Access to marketing and advertising resources [*]Potential for lower startup costs and reduced risk compared to starting a business from scratch [*]Established supplier and vendor relationships [*]Ability to leverage the purchasing power of a larger organization [*]Potential for higher success rates due to the franchisor's experience and knowledge [*]Potential to benefit from national or global branding and marketing efforts. [*]Existing customers for the business. [/LIST] [/QUOTE]
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