Franchising is adopting of same business model as an existing business which involves a franchisor and franchisee. Get ideas from forum members about the proper ways to open a franchise of a particular business before making a decision
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Technology is used in many fields and it also has its impact on the franchising business. It either puts in more industry segments or upgrades the existing ones.
Franchising opportunities can be investigated via online and in terms of operations, training, and marketing, franchising technology has made a change. Through intranet of franchisor, the franchisees can receive operational updates and reporting through POS systems makes it easier for the franchisor to track income for royalty payments.
It may increase the complexity of franchise system management and protect the franchise documentation in future if the use of technology in franchising increases.