How to Franchise a Business
Are you thinking of starting your own business but don't know where and how to start? One easy way to acquire a business is through franchising. But what is franchising? Franchising is a business method of expansion that grants an individual or group of individuals to market a product or a service and to use the patent, trademark, trade name and the systems prescribe by the owner.Here are some Franchising Frequently Asked Questions (FAQ)1. Who is the franchiser/franchisor and franchisee?• Franchisor/Franchiser – a legal entity which owns the patent, trademark, method and products or services that allows others to use under his name.• Franchisee – a person or a group of persons who invest, own and operate a business under a licensing agreement granted by the franchisor. Like...