Franchise lessons from World Franchise Council

What you need to know:

• The above statement is not entirely true, just as it is not entirely false.

• Franchising allows local entrepreneurs to create wealth for themselves and jobs for the employees of franchisees and their suppliers using the international brands.

• Typically, the franchisee also purchases the equipment, kits out the store and buys supplies and inventory needed to run the business from sources approved by the franchisor.