Franchise Creation

Franchise creation in the context of franchise entrepreneurship involves developing a business model that can be replicated and operated by others. This process typically includes establishing a brand, creating standardized procedures, and writing a franchise agreement. Entrepreneurs who create franchises develop training programs, marketing plans, and support systems to help franchisees succeed. The goal is for these franchisees to open and manage their own locations, benefiting from the established brand and proven methods, while the franchisor gains expansion and revenue through franchise fees and ongoing royalties.