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What is Franchising?
Essentially franchising is a very specific method or way of distributing goods and services. It has been around in one form or another since man first began to engage in commercial enterprise. It has evolved from a simple grant of a right or privilege in the middle ages to the sophisticated business format franchise concept of today.
There are a number of different types of franchising. The type that developed early on was the “Product Franchise” wherein a manufacturer granted a franchisee the right to sell its products, i.e., car dealerships and gas stations. Another type of franchise that developed in the US was the “Business Format Franchise.” TeamLogic IT is a Business Format Franchise.
A Business Format Franchise not only grants the right to use the name and sell the products and services of the franchisor but it also involves the transfer of the total way of doing business that has been developed by the franchisor. Specifically, the franchisor transfers all its operating systems, technical expertise, marketing systems, training systems, management methods and essentially all relevant information to the new franchisee. This franchisor also trains the new franchisee extensively up front and provides ongoing training and support throughout the life of the franchise agreement. Business Format Franchising is what franchising is all about today and is essentially why franchising is the most successful method of distributing goods and services in economic history.
Find out if converting your business to a TeamLogic IT is the right path for you. Complete and submit the following form or contact the corporate office by calling 866/TeamLogic.
To learn more about acquiring a TeamLogic IT franchise, please complete this Rapid Request Form.
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