5 Benefits of Franchising
The Startup Magazine
OCTOBER 11, 2024
Starting a business from scratch has numerous challenges, including high start-up costs and increased failure rates. This is where franchising comes in. Unlike starting a business from scratch, franchising offers several advantages. Discussed below are five benefits of franchising. 1. Lower failure risks Starting a business from scratch has high failure rates , usually due to untested business models and a lack of good management skills.
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