I have spoken to a couple of friends last weekend and one of them said to me-"so now you have your franchised business, but that doesn't exactly make a franchise work? She actually has a very good point, and I think that might be a good idea to summarise the facts.
The most famous franchise is one of the fast food chains like McDonalds or Burger King, but the franchise is better than all of the 800 world franchise (who uses the franchise.) Running your own business, and they can do the job in General, the way they want to, but they would also have been tried and tested systems (processes, procedures, training, support, etc.) from the franchisor (franchised business people) to help you get set up quickly and easily, because the system is less a franchise opportunity that will fail in the new business.
As the franchisor has place in this format of the franchise fee will be paid to acquire it. For this They will get access to the system and the right to operate a business under a name that is already in the area (which may be across the country within the territory or just within a few postcodes depending on the franchise). In addition, the franchise will have to pay a small fee ongoing training and support. Normal monthly.
The franchise business model in all and can give people thinking about starting their own business relatively risk-free way to do this. Without having to go through the hard work, setting up a company from scratch.