{"id":2427,"date":"2024-04-28T05:25:32","date_gmt":"2024-04-28T05:25:32","guid":{"rendered":"https:\/\/nationalfranchiseassociation.com\/blog\/?p=2427"},"modified":"2024-10-28T13:35:38","modified_gmt":"2024-10-28T13:35:38","slug":"wealth-building-strategies","status":"publish","type":"post","link":"https:\/\/www.nationalfranchiseassociation.com\/blog\/wealth-building-strategies\/","title":{"rendered":"A Franchise \u201cSuccess Profile\u201d: Wealth Building Strategy"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2427\" class=\"elementor elementor-2427\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e2df399 elementor-section-height-min-height elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"e2df399\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bf7059b\" data-id=\"bf7059b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5e97700 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"5e97700\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">A Franchise \u201cSuccess Profile\u201d: Wealth Building Strategy<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f15be5f elementor-widget elementor-widget-post-info\" data-id=\"f15be5f\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-80177d4 elementor-inline-item\" itemprop=\"author\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/author\/admin\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-user-circle\" viewBox=\"0 0 496 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M248 104c-53 0-96 43-96 96s43 96 96 96 96-43 96-96-43-96-96-96zm0 144c-26.5 0-48-21.5-48-48s21.5-48 48-48 48 21.5 48 48-21.5 48-48 48zm0-240C111 8 0 119 0 256s111 248 248 248 248-111 248-248S385 8 248 8zm0 448c-49.7 0-95.1-18.3-130.1-48.4 14.9-23 40.4-38.6 69.6-39.5 20.8 6.4 40.6 9.6 60.5 9.6s39.7-3.1 60.5-9.6c29.2 1 54.7 16.5 69.6 39.5-35 30.1-80.4 48.4-130.1 48.4zm162.7-84.1c-24.4-31.4-62.1-51.9-105.1-51.9-10.2 0-26 9.6-57.6 9.6-31.5 0-47.4-9.6-57.6-9.6-42.9 0-80.6 20.5-105.1 51.9C61.9 339.2 48 299.2 48 256c0-110.3 89.7-200 200-200s200 89.7 200 200c0 43.2-13.9 83.2-37.3 115.9z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-author\">\n\t\t\t\t\t\t\t\t\t\tadmin\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-4198680 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/04\/28\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-calendar\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M12 192h424c6.6 0 12 5.4 12 12v260c0 26.5-21.5 48-48 48H48c-26.5 0-48-21.5-48-48V204c0-6.6 5.4-12 12-12zm436-44v-36c0-26.5-21.5-48-48-48h-48V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H160V12c0-6.6-5.4-12-12-12h-40c-6.6 0-12 5.4-12 12v52H48C21.5 64 0 85.5 0 112v36c0 6.6 5.4 12 12 12h424c6.6 0 12-5.4 12-12z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\tApril 28, 2024\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf96a5d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf96a5d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-849a2f0\" data-id=\"849a2f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c1c4d78 elementor-widget elementor-widget-image\" data-id=\"c1c4d78\" data-element_type=\"widget\" title=\"Wealth Building Strategy\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/04\/wealth-building-strategies-image.jpg\" class=\"attachment-large size-large wp-image-2087\" alt=\"wealth building strategies image\" srcset=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/04\/wealth-building-strategies-image.jpg 1000w, https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/04\/wealth-building-strategies-image-300x169.jpg 300w, https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/04\/wealth-building-strategies-image-768x432.jpg 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" loading=\"lazy\" decoding=\"async\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e44db6c elementor-widget elementor-widget-text-editor\" data-id=\"e44db6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>A Franchise \u201cSuccess Profile\u201d: Wealth Building Strategy<\/strong><\/p>\n<p>By Dr. Robert A. Needham, CEO, Collaborative Franchise Systems<\/p>\n<p>This is the last part of the 4th Part of a Franchise Success Profile. &nbsp;In this article, I want you to consider that franchising can be more than a business that replaces your job; it can be a Wealth Building Strategy.<\/p>\n<p>According to a survey done by Franchise Business Review, involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about $80,000. &nbsp;When balanced for all franchisees some high and some low, the \u201caverage annual income\u201d of 51 percent of franchisees is less than $50,000. The study also found that only 7 percent of franchise owners earn over $250,000 dollars a year. &nbsp;It is really not all that different for non-franchise business, except you must accept the unknown start-up risks for a untested business.<\/p>\n<p>Two scenarios:&nbsp;<\/p>\n<p>1. &nbsp; &nbsp; &nbsp; Buy a franchise for $250,000 that earns the owner an income of $100,000.<\/p>\n<p>2. &nbsp; &nbsp; &nbsp; Buy a five franchises for $50,000 that earn the owner an income of $50,000 to $80,000 each.<\/p>\n<p>Both of these scenarios are possible. Clearly you can see that each scenario could replace the real median household income, according to the U.S. Census, which was \u201c$70,784 in 2021, not statistically different from the 2020 estimate of $71,186 income.\u201d &nbsp;There might even be more deductions for owning a business than working at a job.<\/p>\n<p>If your plan was to invest $250,000 either way, which is better, earn $100,000 in scenario 1, or earn $250,000 to $400,000 from scenario 2? &nbsp;Clearly, scenario 2 provides more income and also offers likely a better risk profile though diversification of multiple franchise concepts.<\/p>\n<p>A job is when you exchange time, treasure, and talent and earn an income. &nbsp;A Wealth Strategy is when you use business ownership or equity, the labor of others, and leverage of your investment (i.e., $250,000) to earn more than you can earn from your efforts alone. The question, is how best to invest? &nbsp;In scenario 1, it depends on you. In scenario 2, you manage the work of others. &nbsp;There is always risk; but leverage is usually a better path. &nbsp;At CFS, we call this a multi-concept operating company (MCOC). &nbsp;Advisors who have obtained a certification as a Certified Franchise Advisor (CFA) are qualified along with your attorney and CPA to help you make these decisions.<\/p>\n<p><\/p>\n<p>I recommend you get with a Certified Franchise Advisor (CFA) and discuss this wide range of options, costs, and wealth strategies.&nbsp;<\/p>\n<p>Robert A. Needham, JD, PhD has over 30 years\u2019 experience in business and franchise development. He is a published author, innovator, and strategic advisor to the franchise industry.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b8b9a7b elementor-hidden-mobile\" data-id=\"b8b9a7b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8b1bb23 elementor-widget elementor-widget-sidebar\" data-id=\"8b1bb23\" data-element_type=\"widget\" data-widget_type=\"sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"search-3\" class=\"widget chromenews-widget widget_search\"><form role=\"search\" method=\"get\" class=\"search-form\" action=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/\">\n\t\t\t\t<label>\n\t\t\t\t\t<span class=\"screen-reader-text\">Search for:<\/span>\n\t\t\t\t\t<input 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class=\"elementor-element elementor-element-e3c7b3e rhs elementor-widget elementor-widget-heading\" data-id=\"e3c7b3e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/blog\/category\/recent-posts\/\" title=\"recent posts\">Recent Posts<\/a><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ec26716 elespare-section-title-elespare-left elementor-widget elementor-widget-post-list\" data-id=\"ec26716\" data-element_type=\"widget\" id=\"recent-post\" data-widget_type=\"post-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n    <div class=\"elespare-list-wrap list-layout has-background \">\n      <div class=\"elespare-posts-wrap list-style-1 elespare-image-zoom  elespare-light\">\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-auto-repair-franchises\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/auto-repair-franchises-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"auto repair franchises\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-auto-repair-franchises\/\"> <span>25 Best Auto Repair Franchises in 2024<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 12, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-childcare-franchises\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/top-daycare-franchise-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"Best Childcare Franchises\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-childcare-franchises\/\"> <span>20 Best Childcare Franchises in 2024<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 11, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-vs-chain\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/chain-vs-franchise-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"chain vs franchise\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-vs-chain\/\"> <span>Franchise vs Chain. What\u2019s The Difference?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 9, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-franchises-for-veterans\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/best-franchises-for-veteransimage-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"best franchises for veterans\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-franchises-for-veterans\/\"> <span>20 Best Franchises for Veterans in 2024<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 3, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/how-much-do-senior-care-franchises-make\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/how-much-do-senior-care-franchises-make-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"how much do senior care franchises make\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/how-much-do-senior-care-franchises-make\/\"> <span>How Much Do Senior Care Franchises Make?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 2, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n              <\/div>\n    <\/div>\n    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d98313e rhs elementor-widget elementor-widget-heading\" data-id=\"d98313e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/blog\/category\/franchise-operations\/\" title=\"franchise operations\">Franchise Operations<\/a><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10cfe97 elespare-section-title-elespare-left elementor-widget elementor-widget-post-list\" data-id=\"10cfe97\" data-element_type=\"widget\" id=\"f-options\" data-widget_type=\"post-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n    <div class=\"elespare-list-wrap list-layout has-background \">\n      <div class=\"elespare-posts-wrap list-style-1 elespare-image-zoom  elespare-light\">\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-financing\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/franchise-financing-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"franchise financing\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-financing\/\"> <span>Franchise Financing: How to Finance a Franchise?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 1, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-agreement\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/franchise-agreement-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"franchise agreement\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-agreement\/\"> <span>What is a Franchise Agreement?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              September 14, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/types-of-franchises\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/06\/name-two-types-of-franchises-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"name two types of franchises\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/types-of-franchises\/\"> <span>5 Different Types of Franchises<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              June 20, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/what-is-franchising\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/05\/explain-franchising-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"explain franchising\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/what-is-franchising\/\"> <span>What is Franchising?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              May 21, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/how-to-franchise-a-business\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/05\/how-to-start-franchising-your-business-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"how to start franchising your business\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/how-to-franchise-a-business\/\"> <span>How to Franchise a Business? 9 Steps to Know<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              May 3, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n              <\/div>\n    <\/div>\n    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f91f442 rhs elementor-widget elementor-widget-heading\" data-id=\"f91f442\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/blog\/category\/franchise-growth\/\" title=\"franchise growth\">Franchise Growth<\/a><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b4dd44 elespare-section-title-elespare-left elementor-widget elementor-widget-post-list\" data-id=\"3b4dd44\" data-element_type=\"widget\" id=\"f-growth\" data-widget_type=\"post-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n    <div class=\"elespare-list-wrap list-layout has-background \">\n      <div class=\"elespare-posts-wrap list-style-1 elespare-image-zoom  elespare-light\">\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-vs-chain\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/chain-vs-franchise-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"chain vs franchise\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-vs-chain\/\"> <span>Franchise vs Chain. What\u2019s The Difference?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 9, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/licensing-vs-franchising\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/difference-between-licensing-and-franchising-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"difference between licensing and franchising\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/licensing-vs-franchising\/\"> <span>Licensing Vs Franchising: Find the Difference<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              September 29, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchises-are-attractive-to-business-owners-because\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/franchising-is-attractive-for-the-franchisee-because-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"franchising is attractive for the franchisee because\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchises-are-attractive-to-business-owners-because\/\"> <span>Top 7 Reasons Why Franchises Are Attractive to Business Owners<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              September 20, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-development\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/what-is-franchise-development-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"what is franchise development\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/franchise-development\/\"> <span>A Guide To Franchise Development<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              September 13, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/benefits-of-franchising\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/what-are-the-advantages-of-operating-a-franchise-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"what are the advantages of operating a franchise\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/benefits-of-franchising\/\"> <span>9 Top Benefits of Franchising<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              September 6, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n              <\/div>\n    <\/div>\n    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf4b4cc rhs elementor-widget elementor-widget-heading\" data-id=\"cf4b4cc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/blog\/category\/news\/\" title=\"news\">News<\/a><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09db346 elespare-section-title-elespare-left elementor-widget elementor-widget-post-list\" data-id=\"09db346\" data-element_type=\"widget\" id=\"s-news\" data-widget_type=\"post-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n    <div class=\"elespare-list-wrap list-layout has-background \">\n      <div class=\"elespare-posts-wrap list-style-1 elespare-image-zoom  elespare-light\">\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/course-alliance-latino-franchise-association\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/04\/franchising-growth-150x150.png\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"franchising-growth\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/course-alliance-latino-franchise-association\/\"> <span>National Franchise Alliance and Latino Franchise Association Join Forces to Create the Best Certified Franchise Advisor Course in the Industry<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              May 27, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n              <\/div>\n    <\/div>\n    \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e6e3f7 rhs elementor-widget elementor-widget-heading\" data-id=\"1e6e3f7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"\/blog\/category\/owning-a-franchise\/\" title=\"owning a franchise\">Owning Franchise<\/a><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-960810e elespare-section-title-elespare-left elementor-widget elementor-widget-post-list\" data-id=\"960810e\" data-element_type=\"widget\" id=\"o-franchise\" data-widget_type=\"post-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n    <div class=\"elespare-list-wrap list-layout has-background \">\n      <div class=\"elespare-posts-wrap list-style-1 elespare-image-zoom  elespare-light\">\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-auto-repair-franchises\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/auto-repair-franchises-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"auto repair franchises\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-auto-repair-franchises\/\"> <span>25 Best Auto Repair Franchises in 2024<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 12, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-childcare-franchises\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/top-daycare-franchise-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"Best Childcare Franchises\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-childcare-franchises\/\"> <span>20 Best Childcare Franchises in 2024<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 11, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-franchises-for-veterans\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/best-franchises-for-veteransimage-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"best franchises for veterans\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/best-franchises-for-veterans\/\"> <span>20 Best Franchises for Veterans in 2024<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 3, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/how-much-do-senior-care-franchises-make\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/10\/how-much-do-senior-care-franchises-make-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"how much do senior care franchises make\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/how-much-do-senior-care-franchises-make\/\"> <span>How Much Do Senior Care Franchises Make?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n            <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/2024\/\">\n              <i class=\"demo-icon elespare-icons-clock-regular\" aria-hidden=\"true\"><\/i>\n              October 2, 2024            <\/a>\n          <\/span>\n                      <\/div>\n\n              <\/div>\n                          <\/div>\n                    <div class=\"elespare-posts-list-post-items\">\n                              <div class=\"elespare-img-wrapper\">\n\n                      <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/what-are-two-advantages-of-home-based-franchises\/\">\n            <img loading=\"lazy\" loading=\"lazy\" width=\"150\" height=\"150\" src=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/wp-content\/uploads\/2024\/09\/benefits-of-a-home-based-franchise-150x150.webp\" class=\"attachment-thumbnail size-thumbnail wp-post-image\" alt=\"What Are Two Advantages of Home-based Franchises?\" loading=\"lazy\" decoding=\"async\" \/>        <\/a>\n    \n                <\/div>\n              \n              <div class=\"elespare-content-wrapper\">\n                \n    <h4 class=\"elespare-post-title\">\n        <a href=\"https:\/\/www.nationalfranchiseassociation.com\/blog\/what-are-two-advantages-of-home-based-franchises\/\"> <span>What Are Two Advantages of Home-based Franchises?<\/span><\/a>\n    <\/h4>\n          <div class=\"elespare-metadata\">\n                          <span class=\"elespare-posts-full-post-author\">\n  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