Best Preschool Malaysia
Ever wonder how big brands like Chatime and Burger King manage to have stores wherever you go? It’s like they are everywhere. Brands such as these are able to expand their brand and business exponentially through a business concept called franchising . In a franchise agreement, local entrepreneurs, under certain conditions, are permitted to carry the brand and sell products and services related to a particular brand, without actually owning the brand. This has several benefits for both parties. Franchising allows multinationals to expand their business and brand throughout the world with minimal investments and with little worry about local corporate structures. Additionally, it grants local entrepreneurs the recognition of a global brand and easy access to benefits and services that are normally only affordable for large companies. Starting a business through franchising is becoming more and more common in Malaysia. It can be a good way to reduce the risks commonly associated w