Franchises

The 2 Key Sources of Prospective Franchisees You Haven't Considered
Franchises

The 2 Key Sources of Prospective Franchisees You Haven't Considered

If you're not tapping these networks, you're missing out on two important sources of people who may be interested in your franchise.
Mark Siebert
Arizona Couple Helps Hundreds Burn Calories at Their 7 Orangetheory Fitness Studios
Franchise Players

Arizona Couple Helps Hundreds Burn Calories at Their 7 Orangetheory Fitness Studios

Travis and Becky Renner have survived the struggles of being both married and business partners in their pursuit to bring a cutting-edge workout program to communities in Arizona and Kansas.
Erin Schultz
7 Business Feuds With More Beef Than Kanye vs. Taylor
Marketing Bootcamp

7 Business Feuds With More Beef Than Kanye vs. Taylor

When money is involved, all bets are off.
Lindsay Friedman
This Franchisee 'Fell in Love' With Her Product, and Minnesota Is Following Suit
Franchise Players

This Franchisee 'Fell in Love' With Her Product, and Minnesota Is Following Suit

Mary Bigler was a fan of Maui Wowi Hawaiian before she was a franchisee. Today, her enthusiasm has only grown.
Carly Okyle
Why NBA Players Might Soon Look Like Soccer Players
Marketing Bootcamp

Why NBA Players Might Soon Look Like Soccer Players

The league is considering letting marketers use players' jerseys for advertisements.
Lindsay Friedman
1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day
Franchises

1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day

'Things do go wrong. It's how the company responds to those challenges that really makes a difference.'
Lindsay Friedman
This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park
Franchise Players

This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park

Bill Papierniak was a minor league general manager in Richmond, Va. Today, the deals he's inking are with Cartridge World.
Entrepreneur Staff
Burger King Is Starting to Sell Hot Dogs
Franchises

Burger King Is Starting to Sell Hot Dogs

'It's so obvious,' says the company's head of North American operations. 'I don't know why we didn't do this before.'
Lifelong Health Advocate Finds a Natural Fit With Jamba Juice
Franchise Players

Lifelong Health Advocate Finds a Natural Fit With Jamba Juice

Panos Joulios, a career-entrepreneur in the restaurant industry, loves promoting healthy living at his several juice joints across Arizona and California.
Erin Schultz
Why Chipotle Is Closed for Lunch Today
Franchises

Why Chipotle Is Closed for Lunch Today

Franchisees are supposed to use the time to go over new food safety procedures after multiple E. coli cases.
Lindsay Friedman
How These 2 In-N-Out Burger Employees Climbed the Ladder to Become Franchisees
Franchises

How These 2 In-N-Out Burger Employees Climbed the Ladder to Become Franchisees

Where to find your next great franchisees? They might just be working at your local grease joint.
How This Second-Generation Franchisee Is Doing Things Her Way
Franchise Players

How This Second-Generation Franchisee Is Doing Things Her Way

Alex Chambers began her UPS career working in her father's store, but now she's in charge.
Carly Okyle
Taco Bell's New Mystery Item: What Could It Be?
Marketing Bootcamp

Taco Bell's New Mystery Item: What Could It Be?

As speculation grows ahead of the chain's Super Bowl reveal, here are a few possibilities of what it might be.
Lindsay Friedman
Kick Off Your Super Bowl Sunday Party With These 9 Pizza Promotions
Marketing Bootcamp

Kick Off Your Super Bowl Sunday Party With These 9 Pizza Promotions

As the industry's biggest day of the year, franchises are bringing their 'A' game.
Lindsay Friedman

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.