Business Opportunities

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Turnkey Business Opportunities Versus Franchises - by Raymond Lawrence

A traditional franchise is a business in which authorization has been given to an entrepreneur to sell and/or distribute an established company's goods or services in a particular area. The term "franchise" is also used to refer to a business or group of businesses that operate under such conditions.

With a traditional franchise, the franchisee - that's the individual business owner - pays the franchisor - the corporation - a franchise fee for the right to use the franchisor's name and business model. Start-up materials and ongoing support are often provided by the franchisor, but there are still many aspects of operating the business that are the responsibility of the franchisee.

A turnkey business, however, is one in which everything an entrepreneur requires to open a franchised unit is provided. The term "turnkey" comes from the idea that - using one of these packages - all one would have to do to open for business is "turn the key."

Recently, the realm of Internet business has seen a boom in the number of turnkey websites. This is the same thing as a brick-and-mortar turnkey business with the exception that the business owner...

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