So many people think that by getting into the franchise business, they are setting themselves up for an easy way to make money, with a safety net under them the whole time. The only real advantage is that you are buying into a business model that works with the help of a companys marketing and sales abilities. But just as with starting a company from scratch, one must have a plan and a model to come up with and follow in order to get the money one will need to start the fran…
Three Signs Of A Franchise Winner
There are over 2,500 different franchises for sale right now. Trying to choose the right one might seem like an impossible task. One that is even more intimidating considering the large financial investment at stake. If you are a first time franchise purchaser, where should you begin? The answer is not easy; every franchise is unique and there are hundreds of characteristics to review. That said, certain characteristics keep popping up when we examine the best franchises.
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Franchising – The Licensing Of Trademarks And Methods Of Doing Business
Franchise is a method of doing business by licensing trademarks. A recurring royalty fee being the prime source of income, the advent of franchise business dates back to the 1850s. The earliest example being the bars of New South Wales, the agreements between these bars and the breweries can be considered the foundation for modern franchise businesses. Further examples of early franchises include the telegraph system (operated by various railroad companies but controlled by W…
Business Franchising Just What Should You Look For In A Franchise?
What is a Franchise?
· An authorization to sell a company’s goods or services in a particular place
· A business established or operated under an authorization to sell or distribute a company’s goods or services in a particular area.
How did franchising start?
One of the earliest franchisors was the Singer Sewing Machine® Company, which set up dealers shortly after the Civil War to sell and repair its revolutionary machines throughout the country. Shortly after the …
Basic Rules Of Starting Your Franchise
Starting a franchise can be a really profitable venture and a decision you will be glad you made. However, starting a franchise can be disastrous as well if you do not know exactly what you are getting into beforehand. So, if you want to start a franchise then do some research to find out all of the plus and minuses of franchises as well as the specific one you are interested in. It will be worth the time and effort to find out all of the information before you invest your ma…