Within this frame, perhaps it could be argued that Constellation Software is a reverse franchise. In contrast to building a platform and playbook for other small businesses to be built from scratch, and tackle local, niche markets, they buy the companies that have figured out some durable business model within a small market, optimise the company, and capture the excess cash flow.
Within this frame, perhaps it could be argued that Constellation Software is a reverse franchise. In contrast to building a platform and playbook for other small businesses to be built from scratch, and tackle local, niche markets, they buy the companies that have figured out some durable business model within a small market, optimise the company, and capture the excess cash flow.
Enjoyed the essay!
Interesting. What's an example of a 'software franchise'?