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Franchise Dictionary

When you get interested in owning a franchise, you start to read and hear words you may not be familiar with. In this video, we go through basic terms you should know when researching franchises.

You’ll learn about franchise fees, royalties, territories, and franchise consultants. This will help you better understand the process of finding a franchise before beginning your entrepreneurial journey.

For example, a franchise fee is the initial investment in a franchise. This covers support, training, branding, and more to get you started. A royalty is a percentage that you pay to the brand for their ongoing support.