A large percentage of franchised businesses are operated from commercial premises; in most instances a third party landlord leases these directly to the franchisee. A franchisor may also take the lease which they then sublease to their franchisees.
Running a franchise is no cakewalk. Like any other business, it involves investment, getting your financials right; you need to have passion as well as the determination to work hard if you want your venture to succeed.
Buying into a franchise can be a great business opportunity for you to break away from the monotony of a regular job, but every franchise network has certain rules and regulations that have to be followed by all the franchisees.
As a prospective franchise buyer, there are a number of things that you need to focus on. While all the paperwork may make the process seem very tedious and time-consuming, each of these documents has a specific purpose.
Many people that have 9-5 jobs dream of starting their own venture and becoming their own boss; and franchising seem like a very conducive option to them. While it's true that franchising is a low risk and low-investment proposition compared to many other business options, it has its downsides as well.
If you have finally made that big change in your life and started a franchise, you must have already conducted a significant amount of research before officially opened up your doors for business; so now, what is the next thing to do?