Franchises

Why Franchisees Need to Remember to Think Like True Entrepreneurs
Franchise Players

Why Franchisees Need to Remember to Think Like True Entrepreneurs

Jerry Baltus is not only a business coach for franchisees and other business owners – he's a franchisee himself.
Kate Taylor
Home-Based Franchises That Are Home Runs
Home-based Business

Home-Based Franchises That Are Home Runs

Top franchises that get the job done from home or on the road.
Tracy Stapp Herold
Blue Bell Ice Cream Recalls All Products Over Listeria Worries
Recalls

Blue Bell Ice Cream Recalls All Products Over Listeria Worries

The company is taking an aggressive approach to safety after ice cream samples tested positive for the bacteria listeria.
Kate Taylor
I'm Not a Risk Seeker – But I Am an Entrepreneur
Franchise Players

I'm Not a Risk Seeker – But I Am an Entrepreneur

For Leslie Kuban, franchising offered a way to be her own boss without taking on the same risks of starting her own business.
Kate Taylor
These Two Franchises Fill Gaps in the Home and Health Care Markets
Why I Franchised

These Two Franchises Fill Gaps in the Home and Health Care Markets

After successfully starting a franchise in the home inspections industry, Bill Redfern launched a second franchise in the home health care sector.
In Tennessee, Only Franchisees Can Be Held Accountable for Employees
Joint Employer

In Tennessee, Only Franchisees Can Be Held Accountable for Employees

As the joint employer battles causes waves throughout the franchise industry, a new Tennessee law affirms franchisor and franchisee employees as separate entities.
Kate Taylor
How a Husband and Wife Team Became This Franchise's Fastest Growing Unit
Franchises

How a Husband and Wife Team Became This Franchise's Fastest Growing Unit

Found out how this franchising couple weathered the tough times and found success.
Tracy Stapp Herold
Jamba Juice Is Giving Away Free Smoothies This Thursday
Giveaways

Jamba Juice Is Giving Away Free Smoothies This Thursday

To celebrate its 25th anniversary, the chain is hosting its first ever Free Jamba Giveaway on April 23.
Kate Taylor
Taking the Plunge Into a Self-Owned Business
Franchise Players

Taking the Plunge Into a Self-Owned Business

After two decades of running operations for Pizza Hut and Wendy's, this pizza guy is his own boss -- for 42 Donatos locations.
Joan Oleck
This Family Business Sees Opportunity Solving a Big Problem in Education
Family Businesses

This Family Business Sees Opportunity Solving a Big Problem in Education

Two brothers have put together a curriculum for teaching science and math, now they are making a franchise business of it.
Daphne Mallory
How El Pollo Loco Churns Out New Menu Items Crazy Fast
Tastemakers

How El Pollo Loco Churns Out New Menu Items Crazy Fast

El Pollo Loco's executive chef spills on crafting dozens of new menu items a year and transforming the chain from a fast-food joint into something more.
Kate Taylor
Franchisees Find Their Passion in a Pet Specialty Store
Franchise Players

Franchisees Find Their Passion in a Pet Specialty Store

Wag N' Wash stores, with their unique and fun atmosphere for pet owners and their companion animals, felt like a natural fit for the Kerndts.
Burger King Founder Predicts Wage Hike Would End the 'Dollar Menu' Era
Minimum Wage

Burger King Founder Predicts Wage Hike Would End the 'Dollar Menu' Era

The man who help found the fast-food joint 51 years ago says that prices will shoot up if workers' pay increases.
Kate Taylor
My Franchise Treats Me Like a Member of the Family
Franchise Players

My Franchise Treats Me Like a Member of the Family

When looking for a franchise, Jud Cook wanted a company that recognized the importance of service and family.
Kate Taylor

Franchises are way for companies to expand their business by licensing the rights to third-party retailers or individuals -- or franchisees -- who then can use the franchise’s logo, name and business model.  

There are three different kinds of franchises. They include:

  • Distributorships, such as with Toyota, which licenses the right for a third party to sell the parent company product.

  • Trademark licensing, which allows companies to buy the right to use the parent company’s trademark along with their own brand, such as what Coca-Cola licenses to other companies.

  • Business format franchises, such as Subway, which offer its franchisees the right to sell its goods and/or services using its business model.

Popular franchises: Some examples of popular and well-known franchise models are in the food industry -- many which have gone international -- such as McDonald’sSubway and DominosStarbucks, which is commonly thought to be a franchise, is not. 

For more information about top franchise businesses, check out Entrepreneur's "2015 Franchise 500 Rankings," or get the Entrepreneur Franchise 500.  

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