While franchising is well established, it is not without some challenges. Franchisees are dependent upon the knowledge, experience, and reputation of the franchisor. Many times franchisees hold franchisors to a high standard of accountability. Strasburger & Price, LLP partner Earsa Jackson talks us through some of the 'do's and 'don'ts' of a successful franchise system.
Franchising is an $800 billion dollar industry. There are almost 800,000 franchised businesses in the United States, accounting for over 8 million private sector jobs. The possibilities for franchising are virtually unlimited. If a business can be replicated and scaled, it can be franchised—making franchising a modern blueprint for expansion that has withstood the test of time.
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Previously published by Acquisition International
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