Thursday, June 10, 2010

How to build a strong franchise of excellent define entrepreneurialism business with good networking?

How to build a strong franchise of excellent define entrepreneurialism business with good networking?

Whether it''s in marriage or in business, the key to a successful relationship is mutual trust. Nowhere is that truer than in the relationship between franchisor and franchisee. Franchisees have trusted franchisors with their life''s savings while franchisors have trusted them with their brand name and reputation. Therefore, a strong franchise network, like a strong marriage, is a bond of trust. Some characteristics of a strong franchise with excellent network include solid support from franchisor to the system, lower turnover of units, close personal ties between individuals, and employees successfully purchasing units. These primarily are the requisites to build a solid franchise with excellent network.

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