Fueling Your Drive to Succeed!
Lou Gervasi, CFE ?
Certified Franchise Executive (CFE); LinkedIn Top Voice; CEM Graduate; #Franchising #Foodservice #Business #Success #Innovation #Entrepreneurship #Management #Marketing #SocialMedia. *Posts are solely mine
"You miss 100% of the shots you don't take." - Wayne Gretzky.
What is a #Franchise ? A franchise is a business model in which an #entrepreneur (the #franchisee ) pays a fee to a parent company (the #franchisor ) for the right to use their established #business model, #brand , and products or services. In return, the franchisee receives training and support from the franchisor, as well as ongoing access to the franchisor's proprietary products or services.
Franchises can take many forms, such as retail stores, restaurants, and service providers, and can be found in many industries, including fast food, real estate, automotive, and education. They offer a way for #entrepreneurship (to own) and operate their own business while benefiting from an established brand and support system. However, owning a franchise also means adhering to strict guidelines and operating procedures set by the franchisor.
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