#13: What is Franchising and What Does it Mean to Franchise Your Business?

Franchising is a legal and business relationship where you take what has worked for your business (your brand, your systems, your know-how, your products and services) and legally authorize other individuals--your franchisees-- to open new locations using your brand name and requirements that you set.    The characteristics that create a franchise includes an agreement that involves:  The license of a trademark.  The payment of a fee  Control over what can and cannot be done in the business. If you want to learn more about franchising or are looking for a community of supportive franchise industry professionals… READ MORE: https://www.franchiselawsolutions.com/learn/franchise-your-business/what-is-franchising  SUBSCRIBE to our Channel: https://www.youtube.com/channel/UC4ML... CONTACT US: https://www.franchiselawsolutions.com/ JOIN Franchise Growth Mastermind Community: https://www.facebook.com/groups/14645... LIKE us on Facebook: https://www.facebook.com/entrepreneur... FOLLOW us on Instagram: https://www.instagram.com/entrepreneu...