Franchise Jargon: What Does It All Mean

Are you new to franchising and wondering what all the lingo, jargon, acronyms and abbreviations mean? You're not alone! I think the first question most people have is why abbreviations (abrv) are so important. In my opinion, (IMO) I think their importance lies mostly in being able to recall longer sets of information by instead, recognizing a short-hand to have the same meaning.

What I mean by this is that by creating a short-hand we save ourselves time and energy each time we have to reference that larger set of information. Understanding this jargon also gives people a sense of belonging and, as social beings, we all want to belong to something.

We all use different short hand in our daily lives, and now that you're looking at franchising becoming part of your daily life we need to spell out the short hands that you want to incorporate into your daily life in franchising.

Here are some of the most common abbreviations and thereby short hands that use you find yourself spouting out of your mouth before you know it.