Start-Ups

Franchise Vs. Independent: Learning From The Other Guy

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Executive Summary

There are many paths to small business triumph: You can introduce a product or service that no one else offers, put a spin on an existing commodity that no one else has yet, or apply your business smarts to a successful model that is a tested winner in the marketplace. But whether you are an independent entrepreneur or an operator of a franchise, it's important to note that both have their advantages and drawbacks. Being aware of what works on the 'other side' - no matter which kind of business you run - can increase your chances of continued success.

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