Franchising (from the French for free) is a method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage piece of gross sales or gross profits as well as the annual fees.
Earn What You Are Worth Thousand of franchise owner report they were handicapped in their corporate careers by Company policies and Superiors that put a cap on their earning. When you own your own Company, your efforts are rewarded and your personal income shows it!
If the American dream is owning a house with white picket fences, you’d think that the Filipino dream is moving to the United States to be able to dream the American dream, what with the number of Filipinos leaving the country every year to take up residence in that part of the world.
The advantages of a franchise over an independent business are aplenty. A Franchisor must furnish valuable services to its Franchisees.
Franchising mistakes can be avoided if you anticipate them. For entrepreneurs who are considering buying a franchise, this article on the most common franchising mistakes is a must-read article. Learn why franchise businesses can fail and take steps to make sure you don’t make any of these franchising mistakes. Here are the most common franchising [...]
Franchise costs are typically well documented, but each franchise has different cost structures. If you were to start a business on your own, you’d have to guess on your costs. With a franchise, you know the costs of developing the business, start with predefined sources for equipment and suppliers, and get estimates on the working capital [...]
The first step in the process begins with a basic understanding of franchising and the key items to be considered. THE FRANCHISE BUSINESS - The business that will operate as a franchise must have certain unique attributes that will appeal to prospective franchisees. There must be certain characteristics of your business that are not readily duplicated [...]