Franchisors
~~@ no need to sell the products just give the royalty to the franchisees to runs the business.
~~@ no need to find the capital to start the business.
~~@ can develop their business without having to deal with the problem of recruiting and managing personnel.
~~@ no need to pay the royaltly or management services fees.
~~@ no need to provide the regular reports on the level of sales.
Franchisees
~~@ no need prepaird the operation manual which contain all the information to run the business.
~~@ can easily get advice on how to deal with specific problem.
~~@ no need to appoint a master franchisee to surpervise the business in a particular area.
~~@ no need responsible for the national advertising.
~~@ do not have to borrow large amount of capital to expand.
And the horse comes galloping
10 years ago
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