Franchises

5 Questions You Need to Answer Before Choosing a Franchise
Franchises

5 Questions You Need to Answer Before Choosing a Franchise

Businesses should be just as interested in you as you are in them.
Kyle Zagrodzky
This Buzzy Company Failed and There's a Simple Reason Why
Franchise

This Buzzy Company Failed and There's a Simple Reason Why

Niche markets are tricky. This entrepreneur learned the hard way.
How 'Risky' Hires Can Become Your Most Loyal Staffers
Franchises

How 'Risky' Hires Can Become Your Most Loyal Staffers

Entrepreneur Tina Howell loves taking risks, even when it comes to hiring employees.
Franchising's Top 115 Personal Service Brands
Franchise 500

Franchising's Top 115 Personal Service Brands

Check out this year's top personal-service franchises.
Tracy Stapp Herold
The Savvy Companies Catering to a Boom Market: Kids
Franchise 500

The Savvy Companies Catering to a Boom Market: Kids

Here's why there's a big boom in businesses that cater to children (and their parents).
4 Considerations for Entrepreneurs in the Minimum Wage Debate
Minimum Wage

4 Considerations for Entrepreneurs in the Minimum Wage Debate

If you're a small-business owner who hopes the fuss will die down after November -- it won't.
David Nilssen
20 Subway Facts That May Surprise You
Franchises

20 Subway Facts That May Surprise You

From fashion shows to 11-inch 'footlongs,' these pieces of trivia may make your jaw drop enough to fit one of the restaurant's signature sandwiches.
Rose Leadem
Franchising's 4 Hottest Categories Offer Small Costs and Big Payoffs
Franchises

Franchising's 4 Hottest Categories Offer Small Costs and Big Payoffs

As the cost of franchising continues to drop, motivated and cash-strapped entrepreneurs are paying their dues with sweat instead. Here are four of the year's hottest franchise categories that do more with less.
2 Artists Find Second Careers with a 'Paint and Sip' Franchise
Franchises

2 Artists Find Second Careers with a 'Paint and Sip' Franchise

Using their knowledge and skills, this couple revamped their careers and finances.
2016 Top 100 Low Cost Franchises
Franchises

2016 Top 100 Low Cost Franchises

The top 100 low-cost franchises, all for less than $60,000.
Tracy Stapp Herold
The Basics of Multi-Location and Franchise Marketing
Marketing

The Basics of Multi-Location and Franchise Marketing

Focus on making individual businesses and the corporation thrive at the same time.
Scott Langdon
Surprising Success Secrets from the Starbucks of Korea
Franchises

Surprising Success Secrets from the Starbucks of Korea

A "French" bakery from Asia rises to take on America.
20 Facts You Probably Didn't Know About Taco Bell
Franchises

20 Facts You Probably Didn't Know About Taco Bell

Before tacos, the now popular chain served hot dogs and hamburgers.
Rose Leadem
Franchising 101 -- 4 Key Questions Before You Step into the Arena
Franchises

Franchising 101 -- 4 Key Questions Before You Step into the Arena

Franchising is a $2.3 trillion industry with ups and downs, just as any industry has. Are you ready to weigh them?
Jeffrey Hayzlett

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.