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PPT : An Introduction to Franchising and its Importance for Entrepreneurs and Small and Medium-Sized Industries

Content Inside :

Growth of Franchising
* Singer Sewing Machine – first franchise (mid-19th century)
* Automobile (e.g. Ford), petroleum products (e.g. Shell), soft drinks (e.g. Coca Cola)
* Food and restaurants (e.g. McDonald’s, Starbucks)
* Home markets saturated – attractive opportunities overseas
* Lack of/relaxation of regulations in most countries
* Expansion of international trade
* Exposure to international media

Brief Outline
* What is franchising?
* Types of franchising
* Why franchise? Why is franchising important to SMEs?
* Considerations for franchisor/franchisee
* Pitfalls/Be careful
* Singapore Experience

What is franchising?
“A franchise operation is a contractual relationship between the franchisor and franchisee in which the franchisor offers or is obliged to maintain a continuing interest in the business of the franchisee in such areas as know-how and training; wherein the franchisee operates under a common trade name, format and/or procedure owned or controlled by the franchisor, and in which the franchisee has or will make a substantial capital investment in his business from his own resources.”

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PPT : An Introduction to Franchising and its Importance for Entrepreneurs and Small and Medium-Sized Industries Category : Franchising
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Language : English
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