Similar to the real world, in MeChat Universe, users pay a franchise fee each year their business is in operation.

In this article, we will go over how upgrading your business plan will lead you towards owning your own MeChat Universe virtual franchise.

WHAT IS A FRANCHISE?

In American commerce, students become an adult at 18. 

At which point, they have a few life paths they can choose. For example, 

1. Enroll in College
2. Enter the Military
3. Agree to Shared Living (Roommates)
4. Start A Business On Their Own
5. Start A business In MeChat Universe

Starting a business independently provides the most privacy and freedom but also involves higher risk and the need to build a brand from scratch. The choice between the two approaches depends on your personal preferences, business goals, available resources, and risk tolerance. A common statistic is, 8 out of 10 startups fail.

Starting a business in MeChat Universe reduces the failure rate, by offering founders a way to start their business like a franchise. 

A franchise is a specific type of business model and is the 5th most popular life path you can choose in America. 

A franchise is a business model where the franchisee (you), pay a franchisor (an existing business), a fee to COPY AND PASTE their whole business model in a different location. For example, If the business that you want to franchise agrees to let you duplicate their business then they will grant you exclusive rights to use their branding, products, and services, business model, trademarks, and support..

Virtual Schools are found in various industries, including fast food restaurants, retail stores, service businesses, and more. Virtual Schools provides a way for individuals to start and own their own businesses with a proven business model and ongoing support from the franchisor. This can be a less risky way to invest in business ownership compared to building a business entirely from scratch. 

What is A MeChat Universe Sports Franchise?

MeChat Universe offers a turnkey school system for experts to Users login to MeChat Universe to learn how to write a business plan. If the idea is valuable users will advance through 14+ Majors until the business plan: 

1. Start a Business
2. Open a virtual MeChat Universe School

As a business, your job as founder is to use your Virtual School to graduate startups by taking  business plans and building a business. MeChat Universe will guide you through the process using master classes.

As a school you will recruit, train, and guide hundreds of pre-graduates each year to prosperity. And then at the end of the year, we celebrate the top business plans by how well their startup perform. 

The whole school year lasts 6 months and is something you can do from the comfort of your home.

Owning Virtual Schools is when you (the team) is granted the right to use MeChat Universe's brand, business model, business plan, products, and services, in exchange for paying fees and/or royalties. In other words, it's a business arrangement where a person can open and operate a turnkey business plan with little or no experience. MeChat Universe (the League/School School System) will provide the team (you) with the training and support you need to get started and grow your school. 

To setup a Virtual School, you, as an individual or group of business partners, will decide which of 29 business specialties your school will teach and industry. 

For a free trial Login to MeChat Universe starting today and write a business plan. Then teach others to do it for profit.  

WHAT IS DIFFERENCE BETWEEN FRANCHISEE, FRANCHISOR, AND FRANCHISE

Franchisee, franchisor, and franchise are three key roles in a franchise business model, and they each have distinct responsibilities and functions:

Franchisee:

• A franchisee is an individual or entity that purchases the right to operate a business using the branding, products, and services of an established company, known as the franchisor.
• Responsibilities of a franchisee include:
  • Investing capital to open and run the franchise location.
  • Adhering to the established business model and operational guidelines set by the franchisor.
  • Paying franchise fees, royalties, and other financial obligations to the franchisor.
  • Managing the day-to-day operations of the franchise location.
  • Upholding the standards and quality associated with the franchise brand.
  • Marketing and promoting the franchise location in accordance with the franchisor's guidelines.
• The franchisee essentially owns and operates an individual outlet or unit under the franchisor's brand and system.

Franchisor:

• A franchisor is the established company or brand that grants the rights to others (franchisees) to operate businesses using its name, trademarks, products, and business model.
• Responsibilities of a franchisor include:
  • Developing and refining the business concept and model, including products, services, and operational procedures.
  • Providing training, support, and ongoing assistance to franchisees to ensure they can successfully operate their businesses.
  • Granting franchise licenses to qualified individuals or entities.
  • Receiving franchise fees, royalties, and other financial compensation from franchisees in exchange for the use of the brand and support services.
  • Protecting and maintaining the integrity of the brand and ensuring franchisees adhere to the established standards.
  • Engaging in marketing and advertising efforts to promote the overall franchise brand.
• The franchisor is essentially the owner of the overall franchise system and has a vested interest in the success of each franchisee.

Franchise:

• A franchise is the business model and contractual relationship between the franchisor and franchisee. It encompasses the entire system and structure by which a business is operated and expanded through franchising.
• Characteristics of a franchise include:
  • The granting of a license to the franchisee, allowing them to operate a business using the franchisor's brand, products, and systems.
  • The franchise agreement, which outlines the terms, conditions, and obligations of both the franchisor and franchisee.
  • The transfer of the established business model, which includes the business concept, operational procedures, and support systems.
  • A common brand identity, which ensures consistency and recognition across all franchise locations.
  • The payment of franchise fees and royalties by the franchisee to the franchisor in exchange for the right to operate under the franchise system.

MeChat Universe school system is similar to a franchisee, except Owners manages business plan commodities, like a professional sports league in order to expand our education and impact as a common collective. Our proprietary business plan commodities, recruiting offices, branding and systems are the property of the league. 

Team owners help extend the league, in return you have the opportunity to get your money back plus ROI. 

While MeChat Universe owns and licenses the school system, the teams plays a crucial role in the success of their business plans.