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Customers are everything. Maintaining a franchise means bringing customers into the business, providing quality products and service, and providing a customer experience that brings customers back through the door.
When you purchase a franchise, the franchisor has already established a set of best practices designed to give its franchisees the best way to succeed.
COVID-19 will impact the way we as a nation do business moving forward, and the same goes for those who wish to get into franchising or own a franchise currently. Some franchise owners have managed to stay alive during the crisis, mostly by adapting their business model.
We all know that you have to spend money to make money. That's the way it works in business, but who doesn't want to make a lot of money by spending as little as possible? That's the overall goal. When you buy a franchise, there are costs involved that have to be m...
Remember, your rights as a franchise owner are not always included in a franchise agreement beyond the basics. You have the right to read your franchise agreement and ask that it be revised to address any further rights you are not clear about.
