Private franchising is the most modern business term that is being used by one and all. Many people today are quitting their jobs and looking at setting up private franchises because of the instability they face in their jobs. So what exactly is private franchising?
Private franchising is the process of starting a business and after you get some income out of it you help others set up the same kind of business that you are running and it is called duplication. The name will be yours as you created it, your ideas will be followed and your products will be sold. So, you are actually creating an income that will last for generations to come. However, private franchising is very much misunderstood.More...
Growth Of Franchising
Business franchising has been growing tremendously in the United States of America and several companies have expanded globally with the help of franchises in several international locations. This trend has picked up by leaps and bounds in the last decade.
For example, look at the food and supply industry like McDonald, KFC and TGIF which are some of the major food chains in America. Today, they have presence in several other countries like Pakistan, China, India, Australia, Asia Minor and Middle East. All these locations are highly populated and the customer base is very wide. There is scope for several franchises in these locations.More...
What Is International Franchising ?
International franchising helps to understand the global market and business in a better way. Businesses can easily find its opportunities and scope regardless of geographic location and boundaries.
A small or a big business can easily expand using franchisees by simply understanding the global market and catering to the needs of the customers in that area of location. However, establishing a business franchise in an international location can be a very challenging task and the business has to execute it very carefully. The strategies used for establishing international franchises are much different than what is used locally. More...