Tag Archives: Business Franchise

Business Franchise – a means for Self-employment

 

As I always preferred to stand on my own instead of working for someone else, I wanted to start a new business. However, what concerned me was the amount of money, hard work and time that I needed to spend in it and above all the risks involved in it. When I came to know about the concept of business franchise it really excited me and gave me the best possible solution to all my concerns to start a new business.

Business Franchise is nothing but one of the many models used in businesses by which the individuals who are not the members of our company are given certain rights or privileges to imitate our business by getting a license from us to use our business trademarks, brand names, products and logos for their business. It is similar to opening a new branch of our company where we are not the owners but we can claim ownership to get a percentage of profit like royalty from their business transactions or can have a stake in their business without having to invest in it. Business franchise, henceforth is a means for Self-employment. Business franchising will be very helpful and can be done easily for companies that are well established and well known, running very profitably and whose business models could be easily duplicated.