Description: Franchising is often seen as the preserve of the large multinationals yet it can be a very efficient way of growing a small business as well.
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Franchising is often seen as the preserve of large multinational businesses , yet it can be a very efficient way of growing a small business as well.
In recent years it has become much more established as an alternative way to fund growth and expansion, particularly in periods when traditional bank lending has been difficult to obtain on reasonable terms. The primary advantage is that much of the funding for a franchise operation will come from the franchisee, who is effectively buying into the right to operate the franchised business.