Any business that does not require an office, retail, or industrial space can be adapted to work from home. With technological advancements ensuring that the majority of the US population has steady access to the internet, anyone with an internet-connected device has the potential to become a franchisee!
If you are looking for ways to grow your business, franchising is a unique and practical way to expand your business and increase your profits, with reduced risk. In exchange for rights to your trademarks and brand to another party, you not only get a portion of the franchisee’s profits but also a chance to establish a brand reputation for your business.
Recently we were able to take some time and sit down with our CEO, Jimmy St Louis. We talked about Franchise123 and franchising as a whole. Check out the full interview!
The franchisee-franchisor relationship is unique in its operation. It’s a sort of special situation in that each party needs the other equally but there are different roles filled by both. This blog will dive into some of the nuances of this business relationship and traits from both sides.