The major difference between a sole proprietorship and a franchise is that the task, name and plan of action have just been resolved when you buy a franchise. These two sorts of ownership have considerably more in like manner than not. With either business, regardless you go out on a limb of the business and are viewed as a business visionary.
In a sole proprietorship, the entrepreneur can call his own particular shots and isn't confined by the need to take after the franchise's austere working techniques. Be that as it may, a franchise offers a few preferences over a normal sole proprietorship.
Some of the things that are similarities between a sole proprietor and a franchise business includes;
• Finances
• Regulations
• Management
• Owner
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