Comparison between franchisor vs. franchisee is always an exciting topic. Franchising is more popular every day among entrepreneurs because it provides excellent opportunities for all parties involved in it. Just look at your surroundings, and you will notice that most facilities that offer various services operate on the franchise business model. By dealing with the … Read more

Franchising has a long history in the United States, but this history is even longer in Asia and Europe. It is interesting to look at the timeframe and see how this model has evolved throughout history. The first example of franchising as a concept of doing business was found in China year 200 BC, where … Read more

The franchise package is the main advantage of the franchise system because it contains a blueprint of the complete business concept offered by the franchisor. As a franchisee, you will benefit greatly from this assistance provided by the franchisor. Also, you need to understand how this business concept works and how to use its full … Read more

The list of advantages and disadvantages of franchising is a topic that will be of interest to all people who are considering options for involvement in this type of business. You are probably already familiar with what franchising is, so you know what will be expected of you. This type of business is one of … Read more

Both federal and state franchise laws require franchisors to make presale disclosures to prospective franchisees. The franchise disclosure document, or FDD, describes the franchise offering for the benefit of a potential franchise buyer. The franchise disclosure document must be written in plain language so that it’s easy for any prospective franchisee to read. The FDD … Read more

Research about every aspect of the franchise agreement must conduct every entrepreneur who considers starting a franchise. This contract is not very complex, but there are many contractual terms that are good to know before signing this type of cooperation. The franchising business concept is very profitable if you know the advantages and disadvantages that … Read more

Over time, as franchise business has evolved, different types of franchises have become available on the market. Today, starting or buying a franchise is completely normal; this business format has become more popular than starting a business from scratch. When we talk about which types of different franchises we have, we will start with the … Read more

The business cannot be started without investment, and the franchise, in this regard, is no exception. Paying franchise fees is treated as mandatory – as investments without any franchise cooperation cannot be imagined! The franchise fee payment is what will give the franchisee the right to use franchisor trademarks, products, and intellectual property. How much … Read more

Franchising can be a great option for people with an entrepreneurial spirit but who don’t have the bandwidth or desire to go through the process of starting a small business from scratch. But how does a franchise work, exactly? Essentially, a successful business owner (known as the franchisor) franchises their business, enabling franchisees to own and … Read more