Video Entrepreneur: Video Franchises

There is an aspect to having my own business that I really enjoy--I get to wear so many hats. I'm a director one day, choosing people and props and putting them through their paces. The next day I'm a bookkeeper, trying to keep the suppliers paid and the clients paying. Then, when needed, I'm on the phone selling a job to a client. But some days my head gets tired of all the hats.

Some people would rather not wear these hats at all.

One way to avoid some of the hats is to buy a franchise. You may already have a vague understanding of how a franchise works. The folks down at the Burger Biggie didn't invent the special sauce, the franchiser did and then sold that formula (or the sauce itself) to the local owner. The local guy may also buy all his meat and potatoes from the main office, chipping in a percentage or a set fee on the national a…

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