Small Business Encyclopedia

Category: Franchising

Franchising

Definition: A continuing relationship in which a franchisor provides a licensed privilege to the franchisee to do business and offers assistance in organizing, training, merchandising, marketing and managing in return for a monetary consideration. Franchising is a form of business by which the owner (franchisor) of a product, service or method obtains distribution through affiliated dealers (franchisees).

Uniform Franchise Offering Circular (UFOC)

Definition: A regulatory document describing a franchise opportunity that prospective franchisees have to receive before they pay any money, sign any papers or, in some cases, even meet with the franchisor

Free Business Tools

Forms

Forms

Download and customize these free forms:

Partnership Agreement

Cashflow Worksheet

Employment Application

Calculators

Calculators

Evaluate and analyze your financials:

Cash Flow

Starting Costs

Discounted Cash Flow

Latest Articles

Why So Many Americans Prefer the Freelance Lifestyle
Freelancers

Why So Many Americans Prefer the Freelance Lifestyle

If you run a company with full-time employees, you will need to address the desire your team has for freedom and flexibility.
Josh Steimle
4 Trends Transforming Online Business Lending
Small Business Lending

4 Trends Transforming Online Business Lending

It's hard to say for certain what online business lending will look like, but we can be pretty sure that it's here to stay.
Jared Hecht
7 Steps You Can Take Right Now To Start Selling More
Boosting Sales

7 Steps You Can Take Right Now To Start Selling More

First you have to get clear with yourself, then you turn your focus upon a customer or prospect to discover what they need and whether you can help.
Marc Wayshak
4 Things Startup Leaders Need to Know About Accelerators
Accelerators

4 Things Startup Leaders Need to Know About Accelerators

Here's what you should consider before, during and after participating in an accelerator program.
George Chilton
Lines of Credit: Online Lenders vs. Traditional Banks
Small Business Loans

Lines of Credit: Online Lenders vs. Traditional Banks

If you go to an online lender looking for a line of credit similar to what you'd find at the bank, don't be surprised if what you're offered looks a bit different.
Jared Hecht
How to Double Your Desired Income In the Next 6 Months
Inspiration

How to Double Your Desired Income In the Next 6 Months

Peter Voogd breaks down how to push yourself to success and the importance of persistence.
Peter Voogd
6 Mistakes That Rookie Leaders Make Which Can Cause Them To Fail
Leadership

6 Mistakes That Rookie Leaders Make Which Can Cause Them To Fail

The transition from expert to leader is one that many struggle to navigate.
Gordon Tredgold
Why Trust Is the New Marketing Currency
Trust Based Marketing

Why Trust Is the New Marketing Currency

If someone sidles up on the street and wants to sell you a "Rolex," you'll likely run. Do the same with digital marketers who similarly fail to secure your trust.
Alex Jasin
10 Important Skills Your Social Media Manager Needs in 2017
Inspiring Your Team

10 Important Skills Your Social Media Manager Needs in 2017

Having someone with the right mix of skills can boost your company's social media presence.
Alfred Lua
Your Uncensored Guide to Snapchat
Snapchat

Your Uncensored Guide to Snapchat

Snapchat, perhaps the most youthful of all the social media channels, is remarkably receptive to marketing.
Grant Cardone
Taking Advantage of Cultural Changes in the External Partnerships to Grow Your Business
Growth Strategies

Taking Advantage of Cultural Changes in the External Partnerships to Grow Your Business

Find out what you should expect from your vendors, suppliers and partners so that you can successfully address and profit from the current business landscape.
Glenn Llopis
It's Time to Evaluate Your Leadership Development Program
Leadership Development

It's Time to Evaluate Your Leadership Development Program

Measuring individual success and the impact to the organization is critical.
Thuy Sindell and Milo Sindell
Ask This Question Before You Consider a Second Location
What's Your Problem?

Ask This Question Before You Consider a Second Location

We explain to a reader why the decision to expand -- or not -- might be simpler than he thinks.
50 Jobs, Gigs and Side Hustles You Can Do From Home
Work From Home

50 Jobs, Gigs and Side Hustles You Can Do From Home

If your dream is to work from home, and you don't know where to start, this list has something for you. Guaranteed.
Jayson DeMers
How to Become a Marketing Influencer Before You Turn 30
Success Stories

How to Become a Marketing Influencer Before You Turn 30

Erik Huberman is already massively successful, and he's just getting started.
Jonathan Long
More Articles

About Encyclopedia

No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.