DISQUS

Franchising is a business strategy for getting and keeping customers. It is a marketing system for creating an image in the minds of current and future customers about how the company's products and services can help them. It is a method for distributing products and services that satisfy customer needs.Franchising is a network of interdependent business relationships that allows a number of people to share:
A brand identification
A successful method of doing business
A proven marketing and distribution system

In short, franchising is a strategic alliance between groups of people who have specific relationships and responsibilities with a common gTo be successful in franchising you must understand the business and legal ramifications of your relationship with the franchisor and all the franchisees. Your focus must be on working with other franchisees and company managers to market the brand, and fully use the operating system to get and keep customers.oal to dominate markets, i.e., to get and keep more customers than their competitors.

Entrepreneurship is not a easy task mostly for non experience holders.First thing in Entrepreneurship is to get a lot of experience.It requires lot of money & hard work.Present scenario of the market decide the near future of new business ,what is the position of the market,how much competition it has to face in the beginning,how do we get money ,prices of shares etc.,all these things should be pre-planned.
An entrepreneur should have communication,team leadership,quick & right decision making skills.
If you start a business with a small investment then you have to stiff competition with large competitors.