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When asking yourself what you are best at, what you enjoy doing the most, and what motivates you, what activity are you engaging in?
Franchisor
The party in franchising that owns the overarching company, trademarks, and products or services being offered, which grants the right for a franchisee to operate under the business's name.
Franchisee
A party that acquires the rights to use a company's trademark and business model to conduct business under that name.
Royalty Fees
Periodic payments made by a franchisee to the franchisor, typically based on a percentage of the franchisee's sales revenue.
Gross Profits
The total revenue from sales minus the cost of goods sold, before deducting operating expenses.
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