Asking yourself “What is franchising” is the first step toward an exciting and successful business of your own.

Asking what is franchising is a great start on your own small business. There are a lot of great reasons to start your own business. The independence of working for yourself and the ability to make big money are just a couple of great reasons. No matter how you plan to launch out into the world of small business, you have to know what you are getting into. That is where that simple question, “What is franchising?” is a perfect one to ask.

What is franchising is a question that often brings up images of very popular franchise operations like Starbucks and McDonalds.  But the diversity of franchise opportunities in the business world today is much greater than just the big ones that everybody knows about.

What is franchising? It is an opportunity to get on the fast track to starting your own business. It is a way to cash in on the popularity of a larger and more well established business by buying a franchise from that business and launching your own office or store that you own and run.

What is franchising? It is a partnership between you, the owner of the franchise and the business that you bought the franchise from. You can tap all of the wisdom and experience of the chain and exploit the popularity of their products or services. It is a fabulous way to build your own business and a much safer way than launching out from scratch on your own.

What is franchising also means what franchising is not.

Through a series of franchise agreements, you enter into that relationship with the franchising company.  However it is just as important to know what franchising is not as to know what is franchising in the first place. There are a ton of misconceptions about the idea of franchising so getting those out of the way early on is one of your tickets to success.

When you address that question of what is franchising, understand up front that is not a free ride.  You will work your tail off building your business. While you are getting a jump start on your small business by buying into a successful franchise operation, it is entirely possible to fail at running the business.  By putting plenty of hard work and effort into your new franchise business, however, you can see plenty of success and even expand.

It is also important to remember when you are answering the question, “what is franchising” that you are not going it alone. If anything, you are buying a ton of help and knowledge about how to be successful.  Your partners in the franchise selling agency will be able to help you with how to structure everything from your franchise operations manual to the policies and procedures of a successful small business to how make customers love you.

Owning your own franchise is not about going it alone. Plan to tap the power of that partnership for all it is worth. When you do, you will see success beyond your wildest dreams.  You win, your franchise partners win and your customers will to.  That is the kind of small business anybody would envy.