How is setting up your own business different from a franchise?

A

Alley

New member
Can you please explain to me as simply as possible? I don't get what the difference is between the two.
Thanks for your help in advance. :)
 
I will break it down to you as easy as I can.A Franchise is something like Mc Donald's There are many owned and not one of a kind.You also have to pay the Franchise a percentage of a Royalty fee to own a Franchise.Owning your own business means you make all the rules,you really are your own Boss,you think up your own business name for your shop,as well as have a full say in everything that is done.Franchisees (person who owns a Franchise) does not have a full say,they are limited to how they run their business by Corporate rules.
 
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