In a franchise, one business (called the franchisee) pays another (the franchisor) to use the franchisor’s business model and trademarks. The franchisor offers various kinds of assistance to the franchisee, such as training, support services, and advertising. You are...
Owning a franchise is a long term commitment. Ask specific questions about ongoing support and terms of the deal. There are franchises in almost every industry, so you have a variety of options. The following will help you if you are an entrepreneur that is thinking...