1. Channel: Marketplace

Retail Franchising 101: How to Take Advantage of Franchise Opportunities

retail franchising

When it comes to retail entrepreneurship, there are several ways to open a business. You can launch your own sole proprietorship—whether it’s an ecommerce shop or brick-and-mortar store—and have complete independence but little support.

Or you can take advantage of one of dozens of franchise opportunities and have the power of an existing brand behind you.

Compared to starting a sole proprietorship, opening a franchise comes with a different set of rules, expectations, and skills. But here, we’ll explain how retail franchises work, explore some pros and cons of operating this type of retail business, and provide some basic steps to getting started.

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