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Franchising has been around for at least fifty years now and most of you probably recognize
McDonald's as one of the oldest franchises and it goes back in the early sixties and
now of course it's world wide success. At the time that they started, the individual
would deal directly with the franchisor. There was no third party help and there wasn't any
regulation or any provisions from the regulatory side of the US government. Today if you buy
a franchise, you have both of those to help you so first though, buying a franchise, you
need to realize that this is going to be an investment, it's a commitment on the individual's
part. You buy a franchise, a franchisor provides you with a business type, whatever it is,
and they support you, they do advertising. You'll sign up and you'll pay fees to them.
They'll charge you other fees for processing things. You have options. They'll take care
of all your business side, even invoicing if you're willing to pay for that side of
it. And so there's lots of services, and lots of support and you need to go through all
the details of how this can help you.