By Manuel V. Siggaoat Jr. (www.franlinkasia.com) When I was first learning about franchising eight years ago, I came across the term “royalties”. Knowing little about franchising at the
Common Definition – A method of doing business by which a franchise is granted the right to engage in the business of offering, selling or distributing goods and
Some of the advantages to franchising include: Your brand name becomes widely known through franchising. Strong possibility for rapid growth with minimum capital expenditures. Your share of the
Franchising is the most dynamic method of business expansion ever devised. By franchising, many businesses have grown from a handful of units (or even just one unit) to
The term “franchising” is used to describe a wide variety of business systems which may or may not fall into the legal definition provided above. For example, a
Whether buying a franchise or looking to franchise an existing business there are numerous issues to consider. One seldom mentioned but important area affecting prospective franchisees and franchisors
Franchising (from the French for free) is a method of doing business wherein a franchisor licenses trademarks and tried and proven methods of doing business to a franchisee