Franchises

How to Find the Best CRM for Your Franchise
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How to Find the Best CRM for Your Franchise

Find the software that will keep you -- and your customers -- happy.
Hayden Field | 4 min read
This Franchisor Leans on His Experience In the Military to Lead His Team

This Franchisor Leans on His Experience In the Military to Lead His Team

As the director of operations for Dogtopia, Air Force Vet Jeff Farnell knows it's all about people.
Stephanie Schomer | 4 min read
Why This Air Force Vet Became a Marco's Pizza Franchisee

Why This Air Force Vet Became a Marco's Pizza Franchisee

The two careers have more in common than you'd think.
Hayden Field | 4 min read
There's a Skilled Trade Labor Shortage. Can We Fix It?

There's a Skilled Trade Labor Shortage. Can We Fix It?

How franchises are working to boost their workforce.
Maggie Ginsberg | 13 min read
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Licensing vs. Franchising: Which Path Is Right for You?

Here are three factors to help you determine how best to expand your business through franchising or licensing.
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Franchising is a 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 withToyota, 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 of which have gone international -- such as McDonald's, Subway and Pizza Hut. Starbucks, which is commonly thought to be a franchise, is not.

For more information about top franchise businesses, check out Entrepreneur's 2016 Franchise 500® Rankings, or get the Entrepreneur Franchise 500.