Franchise | Steps to start a Franchise Business

A franchise is a business model in which a company (the franchisor) grants the rights to another individual or group (the franchisee) to operate their own business using the franchisor’s established brand, products, and services.

Franchising provides a turnkey solution for entrepreneurs who want to start a business but may lack the experience, resources, or expertise to do so on their own. The franchisor provides the franchisee with everything they need to get started, including training, marketing support, and ongoing operational assistance.

In exchange for these benefits, the franchisee pays an initial franchise fee and ongoing royalties to the franchisor. This fee structure allows the franchisor to expand its business quickly and efficiently while providing a proven business model to the franchisee.

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