safeguard against franchise frauds

Entering into a proven business model with all the required tools sounds alluring. There is a wide variety of franchising opportunities and these provide a stable base for successful business ventures. But with rise in franchising system, there has been a significant rise in franchise frauds. Recently, a woman in Ahmadabad was lured with fake Patanjali ...

Starting a business is tough enough without falling for various types of frauds. The impact of fraud in any organization can be massive. Not only can it have a significant financial impact, but, depending on the type and severity, it can also destroy an organization. What is Financial Fraud?Financial fraud can be broadly defined as an intentional act of deception involving financial transactions for purpose of personal gain. Fraud is a crime and is also ...

Theoretical knowledge is an integral part of every learning process. Knowledge regarding franchise know-how, franchisors and franchise systems are a good source to safeguard against franchise frauds. However, one of the best ways to have an insight regarding franchise system is to communicate with the existing franchisees of a particular brand. Existing franchisees already have ...