A franchise is when an existing, already trading business model is copied. This copying is achieved by production of franchising materials such as a franchise agreement, franchise operating manuals, business plans & forecasting and detail operations and franchise training manuals & support. 

Many people think that franchising is relatively new, it’s not. The fact is franchising a business model goes right back to the 19th Century! Many new to franchising also think of fast food franchises but franchising in the India covers many different industries and contributes billions to the India economy. 

Franchising is replicating an already “proven” business model, market and concept. This and the support given by Franchisors ( the business model owner ) is what makes the success rate of a new business via a franchise model so much higher than setting up on your own. Essentially franchising is being in business for yourself but not by yourself, reducing risk and in many cases being able to launch more quickly using the already established brand of the Franchisor.

This is an almost impossible question as with all businesses, whether a franchise business or not the success of failure is down to you, the business owner. Many see well established franchise brands that have a high repeat business rate, i.e food, lawn care, cleaning as the most successful long term but that’s not always the case and you also need to consider your own interests and skills as to ensure success you need to make sure the franchise is a good match to your background, skills and experience.