Franchise Ownership

Franchise ownership in small business entrepreneurship involves buying the right to operate a business using the name and system of an established brand. As a franchisee, you pay fees to the franchisor and follow their guidelines, benefiting from their proven business model, marketing support, and recognized brand. This arrangement reduces some risks associated with starting a new business, as you have access to training and resources. However, franchisees also face restrictions and must adhere to the franchisor’s standards, making it essential to carefully evaluate the franchise opportunity before investing.