What is a Franchise?
A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.
What are the Advantages and Disadvantages of Owning a Franchise?
How Do I Fund My Franchise?
The sooner the better. It is usually a good idea to start figuring out how you will be funding your business venture as early in the process as you can. Some funding options take time and you don’t want to miss out on an opportunity. One of the most important aspects of opening a franchise is funding.
What Are Alternative Business Models to Franchising?
In addition to franchising, there are two other popular methods by which businesses expand their market and distribution channels:
What Are Common Franchising Terms and Definitions?
• Business format franchise: This type of franchise includes not only a product, service and trademark, but also the complete method to conduct the business itself, such as the marketing plan and operations manuals.
What Information Does a Franchise Disclosure Document (FDD) Contain?
The purpose of the Franchise Disclosure Document (FDD) is to provide prospective franchisees with information about the franchisor, the franchise system and the agreements they will need to sign so that they can make an informed decision.
How Do I Make My Franchise Successful?
Making any business reach its full potential takes talent and hard work. If you've selected your franchise well, your franchisor will be able to help you avoid many of the mistakes new, independent start-up businesses make. Below, we've listed 10 keys for franchise success.
What Legal Information Should I Review When Considering a Franchise?
A good relationship between the franchisor and franchisee is critical for the success of both parties. Since franchising establishes a business relationship for years, the foundation must be carefully built by having a clear understanding of the franchise program.