Franchise Vs. Licensed Business

When it comes down to the business industry, there is a lot of terminology that can be extremely difficult to follow.  One such example of this is if whether or not a franchised is a licensed business opportunity. For anyone who is interested in looking for various business opportunities they must first understand what  a franchise is and what that entails and what a licensed business opportunity is and what that does for you.

To start with, a franchise is a chain of companies that has a business model that has been shown to be very successful. The owner of this model can sell you the rights to use the model in opening your own company within the franchise. This also allows you to market and sell the products and services that the company sells. When you pay the initial fee to get into the franchise and become an official franchisee member, the franchisor will help you with the system. A contract will be signed and you will be given a copy that outlines everything you are responsible for... read more at Franchise Finders Canada