Multi-unit franchising is different from single unit because the franchisee is not responsible for just one unit, instead he is responsible for multiple, but this is not the only thing that differentiates these two methods of franchising. Franchisees involved in multi-unit franchising tend to participate less in the day-to-day operations of the units. These franchisees are likely to hire managers and other figures of authority that would run the unit for them. Multi-unit franchising is not limited to one specific area, so the franchisee may own several units across the country and even internationally. Some of the flaws of multi-unit franchising are that owners are prone to over-extending themselves, which can lead to a decrease in the quality of the product or service being offered, whereas when you are a unit franchisee you are tied to that specific unit, and it is less likely for products or services to get affected. Multi-unit franchising can be a very lucrative business, but for those entrepreneurs who have little knowledge or experience with franchise ownership, this trend may turn to be harder to manage, since they don’t have the necessary skills to succeed.
Multi-unit franchising is different from single unit because the franchisee is not responsible for just one unit, instead he is responsible for multiple, but this is not the only thing that differentiates these two methods of franchising. Franchisees involved in multi-unit franchising tend to participate less in the day-to-day operations of the units. These franchisees are likely to hire managers and other figures of authority that would run the unit for them. Multi-unit franchising is not limited to one specific area, so the franchisee may own several units across the country and even internationally. Some of the flaws of multi-unit franchising are that owners are prone to over-extending themselves, which can lead to a decrease in the quality of the product or service being offered, whereas when you are a unit franchisee you are tied to that specific unit, and it is less likely for products or services to get affected. Multi-unit franchising can be a very lucrative business, but for those entrepreneurs who have little knowledge or experience with franchise ownership, this trend may turn to be harder to manage, since they don’t have the necessary skills to succeed.
ReplyDelete