Franchises

Smart Tips for Growing Your Franchise
Growth Strategies

Smart Tips for Growing Your Franchise

Once you've launched your franchise, find out what more you can do to grow your business.
Rick Grossmann
What Owning a Franchise Has Taught Two Deaf Brothers About Communication
Franchises

What Owning a Franchise Has Taught Two Deaf Brothers About Communication

For these brothers, business is a second language.
The 28 Facts Franchisees Need to Know About Real Estate Leases
Franchise Opportunities

The 28 Facts Franchisees Need to Know About Real Estate Leases

If you've never had to negotiate a lease for a business, this primer will help you understand the basics about franchise location leases.
Rick Grossmann
6 Ways to Market Your Franchised Business
Franchise Marketing

6 Ways to Market Your Franchised Business

To attract the right target market for your franchise, use these marketing tactics to advertise your franchise.
Rick Grossmann
Searching for a Franchise? Buy into Something You Don't Love.
Franchises

Searching for a Franchise? Buy into Something You Don't Love.

Loving the product or service offered shouldn't be the reason you buy a franchise.
Rick Bisio
Meet This Year's Fastest Growing Franchises
Franchises

Meet This Year's Fastest Growing Franchises

We release our annual list.
Tracy Stapp Herold
9 Ways You Can Build a Strong Franchise Community
Franchises

9 Ways You Can Build a Strong Franchise Community

You need a strong network of people all working hard to make your franchise a success. Find out what you can do to inspire those people.
Rick Grossmann
Burger Kings in Israel Will Offer Adult Happy Meals With Sex Toys Today
Franchises

Burger Kings in Israel Will Offer Adult Happy Meals With Sex Toys Today

When you think of romance, think of...Burger King?
Rose Leadem
The 8 Things You Need to Know If You Think You're Ready to Turn Your Business Into a Franchise
Franchises

The 8 Things You Need to Know If You Think You're Ready to Turn Your Business Into a Franchise

Are you ready to take your already successful business model and duplicate it as a franchise? Here are some final considerations to mull over as you get ready to choose the road for expanding your business.
Rick Grossmann
10 Weird, Funny, Sweet and Out-There Valentine's Day Promotions For Singles and Couples
Valentine's Day

10 Weird, Funny, Sweet and Out-There Valentine's Day Promotions For Singles and Couples

Hooters has free wings for singles. We're not kidding.
Rose Leadem

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.