What is meant by frenchise?
In simple terms, franchising is where a successful business format is replicated. This involves developing all the systems and procedures the franchisor has found to be most successful. Anyone joining the franchise will be expected to operate the business using these tried and true systems.
There are franchises available in almost every business category that you can think of, and across all price ranges. In addition, because franchising has such a low failure rate, especially when compared to starting a business from scratch, a franchisees chance of success is extremely good.
Compared to starting your own business from scratch, franchising can provide a relatively safer route into self employment. The franchisor has e ...more