Franchises

Franchises

Fight for Your Franchise Challenge, Week 8: No-Nonsense Techniques to Improve Your Cashflow

Take advantage of these financial mastery tips from your 'Franchise Bible' coach.

Why Every Franchise Should Pivot Right Now

Forget the way it's always been done. For franchisors, letting go of the past is the key to surviving the crisis.

10 Low-Cost Franchises You Can Start From a Vehicle Right Now

These franchises can be run from a car, truck or van, and are still out there serving customers every day.

Fight for Your Franchise Challenge, Week 7: Make Better Decisions With the Three Decision Lens Strategy

Every decision made by any leader impacts the overall brand and all of its parts. 

The 5 Best Tax and Financial Franchises You Can Open This Year

Here are the five top-ranked financial companies on the 2020 Franchise 500.

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Franchising is a way for companies to expand their business by licensing the rights to third-party retailers or individuals -- or franchisees -- who then can use the franchise's logo, name and business model.

There are three different kinds of franchises. They include:

  • Distributorships, such as withToyota, which licenses the right for a third party to sell the parent company product.

  • Trademark licensing, which allows companies to buy the right to use the parent company's trademark along with their own brand, such as what Coca-Cola licenses to other companies.

  • Business format franchises, such as Subway, which offer its franchisees the right to sell its goods and/or services using its business model.

Popular franchises: Some examples of popular and well-known franchise models are in the food industry -- many of which have gone international -- such as McDonald's, Subway and Pizza Hut. Starbucks, which is commonly thought to be a franchise, is not.

For more information about top franchise businesses, check out Entrepreneur's 2016 Franchise 500® Rankings, or get the Entrepreneur Franchise 500.

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