Franchising is a business embraced by a wide range of industries. Apart from fast food industry some examples are sandwich shops, plumbers, car-hire businesses and laundries. Franchising is the licensing of an established business and brand to an individual business person. The franchisee then owns a separate business franchise, which they can develop along strict guidelines. The brand owner uses this model as means of growing their business presence. The new owner of the business unit pays the company owner a fee for the use of its brand and product or services. As it becomes a working partnership between businesses there are certain attributes both parties must possess that differ with each franchise. This article covers the basics to Franchising.
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Hi, I'm Chokyi Ooi, an ordinary woman lives by this quote:
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