Franchising

Franchising is the practice of selling the right to use a firm's successful business model. The word "franchise" is of Anglo-French derivation—from franc, meaning free—and is used both as a noun and as a (transitive) verb.For the franchisor, the franchise is an alternative to building "chain stores" to distribute goods that avoids the investments and liability of a chain. The franchisor's success depends on the success of the franchisees. The franchisee is said to have a greater incentive than a direct employee because he or she has a direct stake in the business.
Posts about Franchising
  • Is Buying A Franchise A Good Business Decision?

    … If you’re interested in starting your own business, but have little business experience, then one good reason to buy a franchise is that since all the groundwork has been done, your probability of success is higher than if you were to start a business from scratch. Moreover, this is something that banks and other financial lenders recognize, so…

    Blogtrepreneur- 13 readers -
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