Franchise

Franchise

Franchising is a business opportunity that's somewhere between buying an existing business and launching a startup in terms of creativity, independence and risk. A franchisee buys a license from a franchisor to be a dealer of that business model. The owner of the franchise sells a product or service through its franchisees.

In exchange for an initial set-up fee and a monthly payment, the franchisor provides the franchisee a business model, marketing supplies, staff-training assistance, managerial consulting and a pre-existing supply chain. Also, the franchisee benefits from the franchisor's economies of scale, receiving access to prices that a business owner may not otherwise get running a single shop.

Read More

Before You Jump Into the World of Franchises, Ask Yourself These 5 Questions

Think proven concept, not big brand, when buying a franchise.

Franchise Players: Finding a Franchise With a 'Family' Feel

When Nathan Coombs retired from the military, DreamMaker Bath and Kitchen's company culture convinced him that the franchise was the right fit.

Franchise Players: Franchising Instead of 'Reinventing the Wheel'

Even though Steve Ferguson works with an established concept as a U.S. Lawns franchisee, his relationship building skills have helped him land $1 million in annual billings.

5 of the Wackiest Fast-Food Lawsuits Ever

Some of these lawsuits are hard to swallow, but justice can be sweet.

Activist Investor Tells Olive Garden to Google 'How to Cook Pasta'

Starboard Value published a snarky, almost 300-page presentation telling Darden Restaurants how to mend the struggling Olive Garden brand.

Franchise Players: Why Franchisees Have to Be Owners, Accountants, Janitors and Everything in Between

Opening a franchise is very different than working in corporate America – and that's a good thing, according to this franchisee.

Report: 10 Brands Most Likely to Have Franchisees Default on Their Loans

Looking into buying a franchise? If you're taking out loans, avoid these big-name franchises.

Would You Eat Burger King's Black Cheeseburger?

Burger King Japan is rolling out a burger that's treated with bamboo charcoal to give its cheese and buns and unnaturally dark shade.

Why Chipotle Won't Franchise

The mega-successful burrito chain says it probably won't go the franchising route. Here's why that's a smart move.

Franchise Players: I Used All My Money to Buy a Franchise

Alison Paton invested her life savings to become a Papa John's franchisee 23 years ago.

Denny's Just Capitalized on Apple's Tech Glitch in a Genius Marketing Move

The restaurant chain was quick to latch onto Apple's tech glitch, creating a clever Twitter post that went viral in minutes.

Why August Was a Terrible Month for McDonald's

McDonald's reported a 3.7 percent drop in global sales in August on Tuesday.

Why Leeza Gibbons Just Bought a Senior Care Franchise

The former talk show host turned to senior care franchising after caring for her mother following her Alzheimer's diagnosis.

Franchise Players: How a Newspaper Editor Developed an Entrepreneurial Mindset Through Franchising

As the newspaper industry struggled, Chris Meyer decided it was time to take a leap as an entrepreneur.

Georgia Dealerships Attack Tesla's Direct Sales Model

Georgia is the latest state to attack the electric car company for selling cars directly to customers instead of through auto dealerships.

Franchise or New Venture? That Depends on You.

Here are some quick gut checks and questions to ask yourself to determine what path you should embark on.

Franchise Players: I Turned My Small Biz Into a Franchised Location

After two decades in the custom closet business, Truman Jepson converted his small business into a franchised location of Closets by Design.

Franchise Players: Entering a Foreign Market Through Franchising

After 55 years operating in the pharmaceutical business in Mexico, Medix decided to enter the American market as a Medifast franchisee.

Fast-Food Workers to Strike in 150 Cities Across the U.S.

Fast-food workers are planning a strike this week that could be the largest yet as the responsibilities of franchisors and franchisees continue to be battled in court.

Franchise Players: 'Marketing Is Still My Biggest Challenge'

Ramona Streit became a home care franchisee eight years ago. Here's how she made her decision and what she has learned along the way.

Franchise Players: From Making Minimum Wage to Running the Show

When she was 16, Dulce Luevano was making $5.15 working at CiCi's Pizza. Now, she owns her own shop.

Franchise Players: Why One Franchise Wasn't Enough

Passion for her product drove Sanden Andrews to open up four Smoothie King shops.

A Barbecue-Cleaning Franchise Gets Fired Up

Grill-cleaning can make for a grate opportunity for franchisees.

Franchise Players: A Pet Care Franchisee Changed Her Life at 21

As a 21-year-old business novice, Lauren Morenz found meaning in her job as a Fetch! Pet Care franchisee.

Franchise Players: How I Turned Military Lessons Into Business Success

Andrew Wilson hasn't let the fact that he’s spent five of the last 10 years deployed slow him down as a franchisee.
1 2 3 4 5 6 7 8 ... 21 Next

Connect with Entrepreneur

From the Entrepreneur Bookstore

Franchise Bible, 7th Edition
Franchise Bible, 7th Edition
By Erwin J. Keup and Peter Keup
More Info