求翻译：但莫纳汉仍然抗住了压力，继续扩张他的连锁经营。到1969年，他已经有12家连锁店。这时，莫纳汉的雄心超越了资金的限制，他决心进行大扩展，把连锁店从12家扩展到44家。为此他独创出一种特殊的特许经营权制度，就是采取举债经营的办法，他与特许经营者对特许经营店共同投资。这种举债经营有利有弊，把握不好就会变成沉重的债务危机。是什么意思？

However, Monaghan still withstood the pressure, continue to expand his chain. To 1969, he has 12 stores. At this time, Monaghan's ambition goes beyond the financial constraints, he was determined to a large extend, the chain expanded from 12 to 44. To this end a special out of his original franchise

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But Monaghan anti-has still lived the pressure, continues to expand his chain-like management.To 1969, his already had 12 chain stores.By now, Monaghan's great ambition had surmounted the fund limit, he was determined carries on the big expansion, expands the chain store from 12 to 44.Originally cre

Monahan continued resistance to pressure, continued to expand his chain. By 1969, he already has 12 stores. At this point, Monahan's ambition beyond the limits of funds, he is determined that large scale, extend from 12 to 44 chains. To this end he has created a special system of franchising, levera

Monahan continued resistance to pressure, continued to expand his chain. By 1969, he already has 12 stores. At this point, Monahan's ambition beyond the limits of funds, he is determined that large scale, extend from 12 to 44 chains. To this end he has created a special system of franchising, levera