by Emmanuel Besserve
International franchising involves far more than American-based monoliths such as Coca-Cola peddling soda pop through franchisees in 200 nations, or KFC selling meals in 80 countries, or General Motors establishing "master franchise" arrangements in 192 nations.
When it comes time to expand your business, there are two options: Open new locations yourself or franchise the business to other individuals. The latter option is often the most attractive because it removes much of the burden from a business owner's shoulders. You don't have to manage that business yourself, which means it earns passive income.
The following are a list of Latin American and Caribbean countries and their potential for franchising:
Before investing in a particular franchise system, carefully consider how much money you have to invest, your abilities, and your goals. The following checklist may help you make your decision.
Franchising is a method of distributing products or services.
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