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What is a Franchise?

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There are many different types of business opportunities but one of the opportunities that many people seize on a regular basis is the chance to create a genuine revenue stream by owning part of the company. These are actually most always called owning stock in the company, but there is also another way to look at this scenario as well. If you have ever wondered exactly what a franchise is, but have never really had the opportunity to explore everything that went along with it, here is the perfect chance to learn about everything you wanted to know about starting a franchise!

The Franchise Experience

What exactly is a franchise, though? Simply put, a franchise is an extension of another company; they use the same signs, advertising methods, products, and services of the company that it was derived from. Virtually any type of business is able to be franchised if the terms are set forth in the company contract. For example, restaurants such as McDonald’s, Burger King, and even Wendy’s have the ability to be franchised. Other stores, such as Starbucks, specialty retail stores, as well as plenty of other restaurants and stores have the ability to create a franchise of themselves. In other words, franchises are essentially clones of the company, but the franchise owner is able to make separate decisions apart from the company itself.

Owning a franchise, though, shouldn't be confused with owning an actual store of the business. Depending on what the franchise is and where it is located, one might have more luck owning an actual store of the business than he or she would with owning a franchise! However, that issue is debatable, but a franchise owner is able to experience all of the same situations as the company owners are.

In this audiobook you read about these topics:

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01 - Alternatives to Owning a Franchise

02 - Choosing a Franchise

03 - Creating a Successful Franchise Opportunity

04 - Do You Really Want a Franchise?

05 - FAQs about Franchises

06 - Fast Food Restaurant Franchises: Good or Bad?

07 - Franchise Brokers: Should You Use One?

08 - Home-Based Franchise Opportunities

09 - Learning to Manage a Franchise

10 - Making the Most of Your Franchise

and much more!

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DISCLAIMER:

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This audiobook is in English.

This audiobook require android tts - text to speech.

The text-to-speech (TTS) technology may not be available in some devices. To check if your phone is able of speech synthesis: Menu -> Settings -> Voice input & output -> Text-to-speech settings.

If not installed, your device may ask you to install the TTS engine. An internet connection may be required.

Image sources used in this audiobook:

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http://yourbizsuccesscoach.com/wp-content/uploads/2015/04/franchise1.jpg

http://www.visualvisitor.com/wp-content/uploads/2015/05/franchising.jpg

http://franchiseindiaint.com/images/franchise-financing.jpg