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Franchising: What’s In It For You?

Practical Advice
By Elizabeth D. Sigety and Eleanor Vaida Gerhards

As a business model, franchising opens avenues for brand expansion. But franchising is also a regulated practice. This means that launching a franchise system requires serious commitment. Some prefer to avoid the term ‘franchising’ by calling their business structure something else – a license, direct selling, joint venture, sales agency, distribution or partnership.