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.

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News and Articles About Franchise

The 5 Basics of Guerilla Marketing

The 5 Basics of Guerilla Marketing

The scoop on guerilla marketing: what it is and how it can help you grow your business.
Fresh Out of College, This Gym Rat Became a Fitness Franchisee

Fresh Out of College, This Gym Rat Became a Fitness Franchisee

Get tips on getting your business in shape from this 24-year-old GYMGUYZ franchisee.
Success Secrets From the Entrepreneur Behind a Billion-Dollar Business Who Started Out as a Dishwasher

Success Secrets From the Entrepreneur Behind a Billion-Dollar Business Who Started Out as a Dishwasher

John Schnatter, the founder of Papa John's, reflects on launching a successful business, hiring the right people and making mistakes.
Franchise Players: Why We Chose to Open an Insurance Franchise

Franchise Players: Why We Chose to Open an Insurance Franchise

This couple didn't have experience in insurance when they opened their Brightway franchise, but together, they were able to overcome their challenges.
Thinking About Becoming a Franchisee? Your Burning Questions Answered

Thinking About Becoming a Franchisee? Your Burning Questions Answered

In this Google Hangout, Joe Prusha, an Erbert & Gerbert's franchisee, reveals his franchising secrets.
Franchise Players: After the Military, a Couple Finds a Career in Franchising

Franchise Players: After the Military, a Couple Finds a Career in Franchising

Charles Fisher discovered Massage Envy Spa while heading home from serving in Iraq. The rest is franchising history.
Franchise Players: Helping Her Son Brought This Mother to Franchising

Franchise Players: Helping Her Son Brought This Mother to Franchising

Kristel Thomas was willing to do whatever it took to help her son and other kids overcome their neurological challenges. It led to her becoming a franchisee.
Franchise Players: A Dad Finds Flexibility in Franchising

Franchise Players: A Dad Finds Flexibility in Franchising

As his children's primary caregiver, franchising gives Rick Werner the flexibility he needs to be a present father.
Franchise Players: A 'Fatherpreneur' on Incorporating Family Into Your Business

Franchise Players: A 'Fatherpreneur' on Incorporating Family Into Your Business

As a Tutor Doctor franchisee, Chris Lien's career priorities align with his family priorities.
Potential Franchisees: The Right Way to Ask 'How Much Money Can I Make?'

Potential Franchisees: The Right Way to Ask 'How Much Money Can I Make?'

There's a right and wrong way to ask how much money your potential franchise could earn when researching becoming a franchisee.
Franchisees Take Action Against Seattle's Minimum Wage Law

Franchisees Take Action Against Seattle's Minimum Wage Law

Outraged that the new law holds them to stricter rules than small-business owners, franchise owners are fighting back with a lawsuit and full-page ad in the 'Seattle Times.'
Franchise Players: I Became a Multi-Unit Franchisee While Still in College

Franchise Players: I Became a Multi-Unit Franchisee While Still in College

Aneesh Patel got an early start in the food industry, opening five restaurant franchises before he graduated from college.
Franchise Players: How This 'Computer Mom' Became Franchisee of the Year

Franchise Players: How This 'Computer Mom' Became Franchisee of the Year

This 60-year-old mother, grandmother and franchisee has been defying stereotypes as a powerful woman in tech since 1999.
Questions to Ask Before Saying, 'Honey, I Think We're Ready to Franchise'

Questions to Ask Before Saying, 'Honey, I Think We're Ready to Franchise'

Want to take it to the next level? This gut check will let you know if you should proceed, or continue working on your business.
For Some, Business Search Starts at Annual International Franchise Expo

For Some, Business Search Starts at Annual International Franchise Expo

This annual trade show, to be held next week at New York City's Javits Center, aims to connect prospective entrepreneurs with leading franchise executives.
Franchise Players: Wayback Burgers Franchisee on the Power of Customer Service

Franchise Players: Wayback Burgers Franchisee on the Power of Customer Service

Howard Zeller lets history be his guide as a franchisee at this nostalgic burger joint.
Franchise Players: Jumping From a Food Franchise to a Spa Franchise

Franchise Players: Jumping From a Food Franchise to a Spa Franchise

Scott Adams took on eco-friendly franchising as a Massage Green Spa franchisee. Here's what he has learned.
Franchise Players: Helping the Earth Through Franchising

Franchise Players: Helping the Earth Through Franchising

SuperGreen Solutions gave Mark Sudak a chance to find energy efficient environmental solutions in his community.
Will Taco Bell's Latest Mashup Be a Hit?

Will Taco Bell's Latest Mashup Be a Hit?

Taco Bell is rolling out the Quesarito -- a quesadilla burrito combination -- nationwide on June 9.
Reminder: It's National Doughnut Day

Reminder: It's National Doughnut Day

The only thing that makes Friday sweeter? Free doughnuts at Krispy Kreme, Dunkin' Donuts and more.
Franchise Players: On Being the First Franchisee in a Young Industry

Franchise Players: On Being the First Franchisee in a Young Industry

LED Source is the first U.S. franchisor in the LED lighting industry. Jamie Shapiro is its first franchisee. Here's what it means to pave the way.
Franchise Players: The Life of a Franchisee Is No Cakewalk

Franchise Players: The Life of a Franchisee Is No Cakewalk

Ed Manns has been in the restaurant business since age 16. Now a Golden Corral franchisee, he knows the industry -- and all its demands -- inside and out.
Taco Bell and KFC's Parent Company Sees a Future in Vietnamese Sandwiches

Taco Bell and KFC's Parent Company Sees a Future in Vietnamese Sandwiches

Yum Brands is testing a new 'banh mi' concept in Dallas, attempting to capitalize on the growing fast-casual market.
Franchise Players: Mother-Daughter Duo Teams Up as Mover Marketing Franchisees

Franchise Players: Mother-Daughter Duo Teams Up as Mover Marketing Franchisees

This mother-daughter duo found a new family in franchising, all while proving that age is nothing but a number.
Seattle Says Franchises Aren't Small Businesses, Forces Them on $15 Wage Fast Track

Seattle Says Franchises Aren't Small Businesses, Forces Them on $15 Wage Fast Track

The International Franchise Association is filing a lawsuit opposing Seattle's plan, which forces franchises to adopt a $15 minimum wage in three years.
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