34:25Thats not how franchizing works
34:26Being a franchise helps with marketing. You are paying for the use of the name and distributor access
34:27No you buy a store, run it into the ground then make big bucks on your way out
34:27you get support for running it
34:27you are paying for the brand name
34:28its like running your own store but with a safety net is how i assume they see it
34:29this whole corp is shady
34:30You could use it as a front for drug dealing, money laundering, trafficking... the possibilities are endless
34:31Why do you get into a corpo instead of going indie
34:31but it wasnt your idea
34:31it's actually the other way around. you have a lot of people working under you giving a small percentage but with enough people you're making a lot of money
34:32You are buying into an established brand.
34:32Established brand so its lower risk
34:32suppliers, marketing, expertise
34:33theres support and branding
34:33normal people idk but people who buy a lot do it to reduce income and avoid tax
他
34:33a good franchise, both sides win
34:33apparently the franchise cut isn't always egregious
34:34It's landd like matress stores
34:35Corpo Vtubing basically?
34:35Let's just say you did REALLY well playing Schedule 1...
34:35Pippa ask Fishman how businesses work.
34:35it helps you with suppliers and stuff
34:35think its just easier than starting from scratch?
34:35No, you're paying for the value of the brand. You have to do all the work.
34:36Bricks and Minifigs corporate only takes 6%
34:37Yes it is structural hierarchy
34:37we should start a pyramid scheme
34:37the franchise also helps you get financing
34:38probably because of having an established well of resources and structure to rely on. allegedly
34:39to take over control of the world Pinky
34:39be careful pippa, you're reaching dangerous levels of noticing
34:40Franchises are used because it provides a business owner a turnkey business with much of the planning done for you. Also, some companies have extensive support for franchisees, like McDonald's.