A franchise is a partnership both legally and commercially between someone who owns whether a trade name, advertising symbol, trademark, or service mark and any individual who would like to use that identification in a business manner. In plain terms, a franchiser owns the rights to a known business, and he sells those rights to the franchisee. It is a partnership where both benefit, where the franchisee usually sells under the franchisers name for a fee.
Franchising is a terrific way for anyone who has ever dreamed of being their own boss but has never known where to start. It is an opportunity to work on your own, without ever having to be alone. One of the big draws of franchising is the built in support system that comes along with it. With training, built in products, and a proven track record of success, you are able to hit the ground running. Another big benefit of buying a franchise is you have access to a proven method and also an established product which significantly reduces your chances of failing. I think the biggest thing that interests people in franchise opportunities is the ability to be your own boss!
As with any business opportunity there are always risks. You should look carefully to determine the demand in your area, the growth you expect for your franchise, and also take a look at the Franchisers experience and how others under his tutelage have done success wise. Again, there are always risks involved in starting a business, however with franchise opportunities, the risks are significantly less than starting from scratch.
Choosing a franchise depends on entirely what you are looking for, the demand in your area and what you have a passion for doing. That is one of the greatest things about the franchise opportunities out there, you have the freedom to choose from a variety of different industries to find the one that's right for you.Franchise opportunities | Restaurant | Retail | Frequently Asked Questions | About Us