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Benefits and Drawbacks of Franchises

Date  |  Category Business Studies
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Benefits and Drawbacks of Franchises

Benefits:

Drawbacks:

Conclusion:

Franchising offers both advantages and disadvantages. It's crucial to carefully weigh the benefits and drawbacks, understand the specific franchise system, and conduct thorough due diligence before making a decision. Factors such as individual goals, risk tolerance, financial resources, and industry knowledge play significant roles in evaluating the suitability of a franchise opportunity.