Franchising has been used by the business world for over a hundred years. In 1888 Matilda Harper laid down the foundation of business format franchising without even knowing that indeed she started a â€œgold rushâ€ so to speak among business entrepreneurs.
Despite its usage for over a century, there is no stopping the acclaim that franchising is the most successful way to business expansion and growth. Franchising is here to stay and will continue to attract business owners and people desiring to become entrepreneurs. So please do not wonder why you are attracted to franchising like the countless people I have discussed franchising with as a route to getting into business.
While you will see numerous successful franchisees, their foray into franchising is not without commitment and hard work. Franchising does not guarantee automatic profits. It will still require tons of efforts on your part. If this is so, why should one consider franchising? Read on.