What is the difference between licensing and franchising?
By Jeff Elgin
Opinions expressed by Entrepreneur contributors are their own.
Jeff Elgin has almost 20 years of experience franchising, both as a franchisee and a senior franchise company executive. He's currently the CEO of FranChoice Inc., a company that provides free consulting to consumers looking for a franchise that best meets their needs.
Want to be an Entrepreneur Leadership Network contributor? Apply now to join.
Editor's Pick
-
3 Things Your Business Idea Must Have to Succeed — as Proven By Famous Harvard Business School Startups
-
This Couple Cashed in Their 401ks to Launch a Virtual Business — Here's How It Led to a 9-Figure Exit and Co-Owning 2 Professional Soccer Teams
-
The No. 1 State to Retire in Might Not Even Be on Your Radar, According to a New Report
-
Use These 3 Steps to Find the Perfect Franchise Opportunity for You
Science & Technology
3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI
With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.
Starting a Business
How to Find the Right Programmers: A Brief Guideline for Startup Founders
For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.
Leadership
How a $10,000 Investment in AI Transformed My Career and Business Strategy
A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.
Business Ideas
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
Business News
He Picked Up a Lucky Penny In a Parking Lot. Moments Later, He Won $1 Million in the Lottery.
Tim Clougherty was in for a surprise when he scratched off his $10,000-a-month winning lottery ticket.
Business News
A University Awarded a Student $10,000 for His AI Tool — Then Suspended Him for Using It, According to a New Lawsuit
Emory University awarded the AI study aid the $10,000 grand prize in an entrepreneurial pitch competition last year.
