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To open a new retail outlet or mobile service unit requires considerable funds. For example using a traditional model of growth opening a new retail outlet would mean that the business owner would need to
If all goes well then there would usually be a significant lag time before the shop returns any profit. So not only has the business owner spent money expanding into new premises they have also spent money on the operations before seeing a return. So using this approach, growth is limited by the amount of capital available. And of course when they open the second shop, often the first one suffers because all of their focus and energy is in the new shop
The purpose of this site is to provide an overview of what franchising is, what franchising involves how to franchise a business and whether you and your business are suited to franchising.
The franchising information here is a general guide only. If you are contemplating franchising your business go to www.thefranchiseinstitute.com.au.