Franchises

Tell Your Own Story: Write, Market and Publish Your First Book
self publishing

Tell Your Own Story: Write, Market and Publish Your First Book

Hey, you! Go rescue that half-written manuscript sitting in a drawer, and get to work.
Meiko Patton
Why I Sold My Independent Landscaping Business and Opened a Franchise
Franchise Players

Why I Sold My Independent Landscaping Business and Opened a Franchise

Here's why Jim McClure decided to become a Weed Man franchisee.
Kate Taylor
Need to Hire? The Benefits of Using a Staffing Agency.
Staffing

Need to Hire? The Benefits of Using a Staffing Agency.

A staffing franchise helps U.S. employers keep pace with a just-in-time work force.
10 Franchises Reveal What They Look for in a Franchisee
Franchises

10 Franchises Reveal What They Look for in a Franchisee

An entrepreneurial spirit, leadership skills, a bubbly personality -- here's what brands from Cinnabon to Pinot's Palette look for in franchisees.
Kate Taylor
Your Franchisor Is Not Going to Run Your Business For You
Franchise Players

Your Franchisor Is Not Going to Run Your Business For You

Neil Kent spills on being an Apple-loving Experimac franchisee.
Kate Taylor
3 Productivity Hacks for Launching a Business While Holding Down a Day Job
Time Management Tips

3 Productivity Hacks for Launching a Business While Holding Down a Day Job

Yeah, you've got a lot to do. But help yourself "handle" it by creating a priorities list.
Geoff Woods
Panel Says It's Time Fast-Food Employees in New York Receive a Major Pay Increase
Minimum Wage

Panel Says It's Time Fast-Food Employees in New York Receive a Major Pay Increase

But does it make sense for New York to focus on fast-food industry wages in isolation?
Kate Taylor
Owning Your Own Business Means You Can Work Whenever You Want – As Long As It's Every Day.
Franchise Players

Owning Your Own Business Means You Can Work Whenever You Want – As Long As It's Every Day.

Tim Campbell explains the differences between corporate America and running his own Big Frog franchise.
Kate Taylor
7 Chain Restaurants Where You Can Find Fourth of July Deals
Restaurants

7 Chain Restaurants Where You Can Find Fourth of July Deals

Boston Market, Pizza Hut and other restaurants are offering Independence Day deals and specials.
Kate Taylor
Just 35, She's Already Been a Principal in 3 Successful Fitness Franchises
Franchise Players

Just 35, She's Already Been a Principal in 3 Successful Fitness Franchises

Liberty Harper literally grew up in franchising, having started in the industry right out of high school.
Entrepreneur Staff
Will These Franchises From Down Under Come Out on Top in America?
Franchises

Will These Franchises From Down Under Come Out on Top in America?

Australians are franchise fanatics -- and their eyes are on U.S. expansion.
'Mother Knows Best' Inspired This Franchisee to Truly Listen to the Music
Franchise Players

'Mother Knows Best' Inspired This Franchisee to Truly Listen to the Music

Seeing the good things ballroom dance did for her mother's health, Andrea Bisconti decided to follow her example.
Entrepreneur Staff
These 2 Franchisee-Moms Aim to Fill the Gaps in STEM Education
Franchise Players

These 2 Franchisee-Moms Aim to Fill the Gaps in STEM Education

The new franchise Zaniac offers young scientists after-school activities like computer coding, 3D printing and robotics.
Entrepreneur Staff
Artist Sues Starbucks for $750,000 for Allegedly Stealing Her Designs
Copyrights

Artist Sues Starbucks for $750,000 for Allegedly Stealing Her Designs

The muralist says that after a potential deal with the coffee giant fell through, Starbucks designed cups inspired by her art anyway.
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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