Franchising can help you develop your business acumen, but it’s not for everyone. Discover the advantages and disadvantages of owning your first franchise.

Think of your favorite fast-food restaurant — are there multiple locations? Is it even available in different countries?

If you answered yes to both, this is likely because it’s a franchise. There is an original business owner, but independent parties have bought into the business and opened their own locations. So rather than one person managing hundreds and maybe thousands of sites, each store may have a different manager, but they all follow the same rules.

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