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Franchise : Model The franchise model is a business model in which a company (the franchisor) grants the right to use its brand name, products, and services to a third-party individual or company (the franchisee) in exchange for an initial fee and ongoing royalties. In simpler terms, it is a way of expanding a business by allowing others to use your brand name, products, and services under your guidance. Benefits of being a Franchise: Established Brand: One of the main benefits of being a franchise is that you get to operate under an established brand name, which can save you a lot of time, effort, and money that you would have spent building your brand from scratch. Support and Training: Franchisors provide support and training to their franchisees to ensure that they are equipped with the necessary skills, knowledge, and resources to run a successful business. Reduced Risk: By being a franchise, you are entering a proven business model with a track record of succ...