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With all the hands involved in a retail build out project, effective communication is incredibly important to the success of the job. Not only do all the pieces of information (i.e., budget, timelines, etc.) need to be shared upfront, but everyone needs to be kept up to speed on new developments.
One of the greatest advantages of franchising is that it allows business owners to expand their business using “Other People’s Money.” Franchisees typically pay for all the start-up costs for each new unit. Real estate, build-out, inventory, and the negative cash flow of starting a franchise are all borne by the franchisee.
