Why start a business halfway when you can have it all for yourself and get the most out of it? A franchise is a business that uses the original company name to sell goods and services in a certain area. In other words, franchising creates an alliance between groups of people who have the specific goal of dominating the market and having more customers than their opponents. The original business is called a franchisor and the person who opens a franchise is a franchisee. Even though the franchisee has to pay for the business name, they still benefit from standards, quality, access to tools and equipment as well as advertising. Additionally, customers will know the name of the company from the start of its operations. To a large extent, owning a franchise is good business because it has a good track record, provides support to the owner, but limits the flexibility of the owner. Franchises are very successful these days because they have a proven track record. According to document E “Rates for franchisees are higher than for independents. Nine out of ten people reported profits in 2002." This shows that franchises make more money than independent businesses and is one of the reasons why there are so many franchises. Still in the same document, the author states that "approximately one in 12 U.S. retail establishments is a franchise business." This is an example of the popularity of franchises among businessmen. He points out that every day more and more people start a franchise and make a profit, which encourages others to start a franchise. Franchises are a good investment in which there is more money and have more fame and reputation middle of paper......those who are starting a new business and have no experience in anything either. on how to run a business. These types of businesses help these people understand how to start their business and what to do when they face a problem in their business. Franchises are a very good business which is popular among people and makes a lot of profit, also supports their franchisees, sometimes it negatively affects the people who are in the business but it is for their own good. This highlights the fact that although a franchise is a half-owned business in which franchisees must share their profits with the parent company, it is actually much cheaper than an independent business. Franchises are businesses where there is a lot of profit and people succeed every day.