AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
How to Make a Fortune in a Service Business Model
A franchise has three components. You have name, business systems and fee a itso if you have all three of those things, and people are using your brand, your business systems and your fee, then you are a franchise. A licensing model is the third vehicle that you can use in a service bace business to make a fortune. For most people who have a service base business, it will probably be one through three. Software ad depends on the type of service you offer. Hofley: "I sa say number four, i is either teable service or sophwor"