Generally speaking the risk involved in launching as a franchise is greater than that as a start up
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- Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?
- Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?
- Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?
- Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?
- Classroom not only imparts scholastic knowledge but also very importantly inculcates values to build your character'' , Explain how ?
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Explanation:
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Answer:
Franchises have shown to be more successful than start-up businesses. When you create a franchise, you have assistance from the very beginning. Compared to a franchise, a starting firm entails far greater risk. The franchise has a significantly less risk factor. By offering ongoing assistance to the franchisees, franchisors want to maintain their brand recognition when starting a franchise. The person has a variety of possibilities when starting a business.
Explanation:
Franchises have shown to be more successful than start-up businesses. When you create a franchise, you have assistance from the very beginning. Compared to a franchise, a starting firm entails far greater risk. The franchise has a significantly less risk factor. By offering ongoing assistance to the franchisees, franchisors want to maintain their brand recognition when starting a franchise. The person has a variety of possibilities when starting a business. It is possible to open an existing franchise or launch a brand-new startup firm. Decisions may be made in light of a number of variables. But starting a franchise is always a better and safer alternative. If as Franchising offers a quick and simple option to start a business if you are a detail-oriented entrepreneur who is skilled at following instructions and at ease with established procedures. You may have the ideal balance of independence and guidance when you own a franchise.
The following are a few points to consider while choosing between a franchise and a start-up business:
Brand awareness: While a new firm may not be able to garner brand equity, customers are already aware of a franchise's brand and its promise of dependability and quality. One of the biggest benefits of owning a franchise is that starting your business will cost you less money and time. Even if your company is brand-new to a region, the franchise's reputation .
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