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January 19, 2007, Newsletter Issue #48: About Franchises
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Tip of the Week
Franchises typically provide the business expertise and the use of a trademarked symbol or name in exchange for a percentage of income generated. For the inexperienced person who wants to start a new business, franchises can ease the risk of starting a new business from scratch. A business franchise can also be set up where the franchisee is merely purchasing the right to use a trademarked symbol or brand, without including any marketing or business guidance.
Prices and particulars regarding each franchise business can vary tremendously whether it is within the same industry or not. Research franchise information carefully to discover the norms for franchises in the areas of your interest so you understand the costs and the support you'll receive.
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About LifeTips
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