In this tough economy climate, where your status at work is uncertain, many people are looking for alternative way to support their main income. They probably are researching on franchise opportunities as a back up plan. The person who owned the business called franchisor, and the person who buys the franchise named franchisee. Franchisee will enjoy the success of the franchise as they have a direct stake in the business.

Franchising will work best if the business has certain characteristics such as its profit has a good track. Usually there are three types of franchise that are small, medium and large scale franchise. Bigger scale means bigger profit you will obtain. Small franchise is usually a food and beverage business, and located in your neighborhood, such as homemade burger or ice cream, while medium scale franchise is mostly in the form of restaurant or shop, located in shopping arcade or mall. There is also big to giant franchise such as hotels or hospitals. This giant scale franchise usually is a cross country business, where a franchisor wants to expand their business in other country.

Franchisor usually has a package to franchise his or her business. Usually each package only exists for certain periods, when the period ends franchisee must renew the agreement. This business also has certain requirements which different for each business that franchisee must comply otherwise the contract will be ended.