subject: Popular medium of business [print this page] For entrepreneurs to start a new business franchise is the best pathway. In our country, nearly 70,000 entrepreneurs has chosen to franchise and their counting is constantly growing.
Franchise is available in almost every area today. If you look around Food outlets, are the mostly franchises. If we look into education sector, there are many institutes which are franchises nowadays.
Even business like Consultancy can also be found as franchises. Though it depends on the franchise owner in which area his interest lies.
Often the brand is considered before taking a franchise but it must be considered as well that what kind of services will be provided to franchise owner alongside brand. Will u get any training? It is important to analyze before making up your mind about franchise.
For the franchisor, the franchise is an alternative to building 'chain stores' to distribute goods and avoid investment and liability over a chain. The franchisor's success is the success of the franchisees. The franchisee is said to have a greater incentive than a direct employee because he or she has a direct stake in the business.
However, except in the US, and now in China (2007) where there are explicit Federal (and in the US, State) laws covering franchise, most of the world recognizes 'franchise' but rarely makes legal provisions for it. Only Australia, various provinces within Canada, France and Brazil have significant Disclosure laws but Brazil regulates franchises more closely.
Where there is no specific law, franchise is considered a distribution system, whose laws apply, with the trademark (of the franchise system) covered by specific covenants.
Popular medium of business
By: Dinesh Awasthi
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