Franchise Franchising as a Business Model -Written Informative Paper
Explore Franchising as a business model. Describe the concept. What types of Franchises are available? Why is it a viable business model? Who should venture into owning a franchise? What are the advantages and disadvantages? What are the costs involved and how are franchises rewarded? According to Franchising.com, franchising is a “hybrid” form of the business model in that it combines aspects of a sole proprietorship with those of a corporation. Franchising allows a business owner to grown a business by selling the rights to use her brand and business model instead of building new units on her own.