Aspects of Differences Between the Franchise & BO
For those of you who want to start a business or a business with no initial preparation preoccupied by the hassle and quite careful in starting, franchise (franchise) and the business opportunity (BO) or partnership business opportunity is a great choice for you.
There are so many thousands of good business choice franchise or BO to choose from, all available in a variety of industries ranging from food service to retail.
Then what is the difference between a franchise (a franchise) or business partnership (BO) that?
There are at least 5 things or aspects to identify the differences between the two.
1. Branding and Operating System (SOP)
All units in the franchise business outlet or outlets that are using the brand name and operating system the same procedure, all have uniformity. Meanwhile, in the BO business partners are not required to use the brand and the same operating system, partners are given the freedom to change business as desired.
2. Pay Ongoing royalties (Royalty payments)
Franchise also requires the payment of royalties for the franchisee (business partner). Generally, royalties are paid every month and continuing throughout the ongoing cooperation between the two. While the business opportunity (BO) is free of royalty or no royalty mengenail terms, because essentially he broke buying and selling businesses.
3. Ongoing Support (ongoing support)
Franchise or the franchise agreement in the contract requires the availability of ongoing support, such as, marketing, training, control and monitor. While the business opportunity (BO) may be no support or assistance that is not sustainable but one thing to be done, because it does not exist in the sales contract.
4. Legal Disclosure (Accurate Information)
Franchisor or franchise business owner must disclose clearly and truthfully to the franchisee or prospective franchiseenya. Details include the company name complete with corporate data, the owner of the company’s financial statements until the last three years. In a business opportunity (BO) it is required, however, they still have to provide disclosure of such data.
5. Research (Research)
In the franchise all existing franchisees data recorded and written with the full disclosure of documents, ranging from the franchisee’s name, full address and store up to ignition. The prospective franchisee is possible to do research to ensure a good and healthy business than the business unit that has been running. While the business opportunity (BO) is difficult to identify because each unit stands in the name of a different brand.
Similarly, at a glance the difference between the two. Yet both are good for you are challenged to start a business in ways that are much safer.
Aspects of Differences Between the Franchise & BO