Franchising


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Franchising

Provision of a specialized sales or service strategy, support assistance, and possibly an initial investment in the franchise in exchange for periodic fees.

Franchise

An agreement in which an entrepreneur buys a license to use another business' products, brand, proprietary knowledge, and trade secrets. This allows the entrepreneur to start a business without building up his/her own brand or products. This is a common way to start a business, especially in highly competitive industries. An industry that utilizes franchises on a regular basis is fast food; because of stiff competition, it is generally more profitable for one who wishes to start a fast food restaurant to buy a franchise.
References in periodicals archive ?
Demolition contractors and their subcontractors who recycle materials are having increasing problems dealing with municipal franchising laws, especially in South Florida.
Along with strong products and smart marketing, the decision to franchise has allowed the company--a three-time winner of Brazilian Franchising Association awards for outstanding achievement--to grow quickly at home and abroad.
The implications of the changing nature of American entrepreneurship, the effects of franchising on the American economic and social landscape, and the predictions of the future are all outside the realm of Franchising Dreams.
More and more women are taking notice of franchising, which is truly becoming a career path," says Sells, who recalls a time 23 years ago when Express Personnel Services' 5-person franchising department was dominated by men.
Barnes has long promoted franchising as a vehicle for economic development.
For more information on Chyten educational franchising opportunities, contact Chyten via email at www.
Franchising for Dummies 2nd Edition" will include updated statistical information on franchising and Federal and state legal issues, and enhanced section on diversity in the workplace, including fair hiring practices and strategies for hiring a workforce with workers whose primary language is not English.
In as much as franchising has historically presented an attractive and lucrative career option for African American business professionals looking for a change from corporate America, the trend to become a franchisee is greater as a result of the current economic climate.
Choice Hotels International[R] is one of the world's largest franchising companies with over 5,000 hotels open or under development worldwide.
Despite the recent economic downturn, franchising remains one of the fastest growing segments of the American business economy.
This program was started in 1995 to help level the playing field for minorities and women, especially when it came time to working with banks and other lending institutions," says Oldham, who also serves as chairman for minorities in franchising for the International Franchise Association (IFA).