With the average span of time spent in a franchise across the industry being 8.5 years Chemex International will be celebrating one franchisee’s journey of a lifetime through three decades from the late Eighties to his contract renewal this month.It’s 1989 and tumultuous world events are unfolding with Britain in the Thatcher era, the Tiananmen Square uprising and the fall of the Berlin Wall. With the world changing a young dairy herdsman reading the Daily Mail also spots a piece on franchising...Read More
It's key to understand that Business Opportunities and Franchises are not the same. There are less restrictive nature in terms of operation, branding and territory restrictions, their low initial investment fees and lack of ongoing fees when running and operating a Business Opportunity instead of a Franchise. However, remember that you don’t get the ongoing franchise support for a business opportunity, and that you need to conduct extra research with a business opportunity compared with the franchise research undertaken, since it may not have the same legal obligations as franchises do to disclose certain details about the business, like the financial health of the operation. A Business Opportunity does not include documentation such as The Franchise Agreement.