Franchising

Franchising is a business model and offers a great opportunity to entrepreneurs who want to create their own brand. In this model, the franchisor company allows individuals who want to start their own business to operate under a certain brand. Entrepreneurs can establish and develop their businesses more quickly by taking advantage of the training, support and marketing opportunities provided by the brand they receive a franchise from. Franchising has advantages for both the franchisor and the franchisee; while the franchisor allows expansion of its brand, the franchisee becomes part of a well-known brand with less risk. However, in order to be successful, it is important to do the right research, carefully examine franchise agreements and develop a suitable business plan.