One of the cardinal questions an entrepreneur would consider on starting a venture is whether to do on his own, to get partners, or to franchise? Franchise is an ever popular option, and not only can get you started in the right direction, but will be able to save a lot of potential pitfalls in the business.
Of course, if you are an established business, one way to grow it is also to franchise it out.
From statistics, it does seem that the failure rate of franchise is lower than those people start up themselves.
Prof Cornwall presents a great writeup on its pros and cons….