Fox Small Business Center:

When it comes to owning a small business, not everyone goes the route of starting up their own mom-and-pop shop. In fact, if a hopeful entrepreneur has no clue how to write a business plan and likes the idea of having a bigger “parent” company at their backs, opening a franchise might be the better option.
But does one really feel the same sense of ownership with a franchise as an independent small business? It is possible – under certain conditions, that is.

“I think what you find in the most successful franchise systems is a group of franchisees who feel completely integrated into the culture of that business, who feel completely part of the fabric of the way that particular company operates,” said Matthew Shay, president and CEO of the International Franchising Association. “For franchisees to really feel integrated into that culture, there needs to be a very strong sense they’ve got ‘ownership’ over the brand, over the units – ‘this is really our thing’… It needs to be a collective sense with the franchisor.”

In the United States, there are about 900,000 individual franchise units — that includes the total number of franchisors AND franchisees (ie Jamba Juices, McDonald’s, Wendy’s and the like) across the country. Read more.

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