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The Basics of Franchising

So you are considering opening your own business? Is buying a franchise the way to go? Learn the basics of franchising including many franchise terms and many topics related to opening a franchise.
The History of Franchising
The history of franchising. Learn about the history of franchises. The term 'franchising' derived from ancient French, is defined as holding a particular privilege or right.
What is a Franchise?
Franchising began back in the 1850's when Isaac Singer invented the sewing machine. Today, franchising is helping thousands of individuals be their own boss and own and operate their own business. Franchising allows entrepreneurs to be in business for themselves, but not by themselves.
The Role of the Franchisee
Learn the role of the franchisee and the responsibilities required to run your franchise. The franchisee in a franchise system has many responsibilities.
How Much Does a Franchise Cost?
Every franchise has its own financial requirements, so costs to start a franchise are different for every franchise company. There are some common costs that all franchisees will have. Here is a list of 6 common costs to open a franchise.
Franchise Royalties
What are franchise royalties? Part of a franchisee’s ongoing expense typically includes regular royalty payments to the franchisor. Learn more about how these franchise royalty payments work and why they are important.
Top 10 Reasons to Buy a Franchise
Buying a franchise can be a life-changing experience. There are many reasons why you should fulfill your dream of becoming your own boss and open a franchise. The following reasons to buy a franchise will help you to understand why it will be a great investment.
Advantages of Franchising
So you think you want to buy a franchise but you’re not so sure it would be the right choice. After all, why should you spend a premium on a big name when you can just duplicate their efforts? Learn the 5 advantages of franchising.
From Employee to Franchisee: Making the Transition
From employee to franchisee, making the transition. Should I quit my job an open a franchise? There are a variety of reasons that may lead to a transition from a traditional job to the operation of a franchise.
What is a Master Franchisee?
What is a master franchisee? Learn about master franchising which allows people or corporations to purchase the rights to sub-franchise within a certain territory. The idea allows the master franchisee the opportunity to grow a decent business in a fairly short timeframe.
What is an Area Developer?
What is a franchise area developer? Learn about the rights and responsibilities of an area developer of a franchise. There are many advantages to becoming an area developer.
Frequently Asked Questions About Franchising
The International Franchise Association tackles the 19 most commonly asked questions about franchising.
IFA University - Free Introduction to Franchising Course
The International Franchise Association (IFA) offers this comprehensive course to help you "investigate before investing". Franchising is an excellent way to go into business for yourself but not by yourself. This online course is absolutely free.

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