The Franchise Rule
Okay kiddo, have you ever seen a McDonald's restaurant? What do you think makes it different from other restaurants around it?
That's correct, it looks the same and serves the same food no matter where it is! This is because McDonald's is a franchise, which means the company allows other people to open up their own McDonald's restaurants, but they must follow certain rules.
These rules are called the franchise rule, and they are a set of regulations made by the Federal Trade Commission (FTC) to protect people who want to open their own franchises.
To put it simply, the franchise rule requires the franchise company to give potential franchisees important information about the business such as how much money they need to start it up, what the expenses will be, and how much money they can expect to make.
This way, people can make informed decisions about investing in a franchise and know what to expect before they start their own business.
The franchise rule also says that the franchise company must give ongoing support and help to their franchisees to make sure they are successful and following the rules.
So, in summary, the franchise rule is a set of regulations that helps protect people who want to open up a franchise by giving them important information and making sure the franchise company provides ongoing support to help them succeed.
That's correct, it looks the same and serves the same food no matter where it is! This is because McDonald's is a franchise, which means the company allows other people to open up their own McDonald's restaurants, but they must follow certain rules.
These rules are called the franchise rule, and they are a set of regulations made by the Federal Trade Commission (FTC) to protect people who want to open their own franchises.
To put it simply, the franchise rule requires the franchise company to give potential franchisees important information about the business such as how much money they need to start it up, what the expenses will be, and how much money they can expect to make.
This way, people can make informed decisions about investing in a franchise and know what to expect before they start their own business.
The franchise rule also says that the franchise company must give ongoing support and help to their franchisees to make sure they are successful and following the rules.
So, in summary, the franchise rule is a set of regulations that helps protect people who want to open up a franchise by giving them important information and making sure the franchise company provides ongoing support to help them succeed.