If you’ve ever been interested in owning your own business, you may have felt intimidated at the prospect of designing an entire company from scratch. Being an entrepreneur is always hard, but it’s even harder if you’re hard-pressed to come up with an original business idea.
This is where franchises come into play. Buying a franchise allows you to own and operate one or more locations that follow the same commercial strategy as a bigger brand. For example, you can buy a McDonald’s franchise and run your own McDonald’s location, using their branding, their products, and their promotions in exchange for a fee.
