DOMESTIC SERVANT AND INNOVATOR IN BEAUTY AND FRANCHISE BUSINESS

FRANCHISE DEFINITION,LOW COST FRANCHISE OPPORTUNITIES

FRANCHISE MODEL

A franchise is a less risky route to starting a business. A franchise agreement allows a businessperson (Franchisee) to trade under the name of an established business (Franchisor). The franchisee pays fees to the franchisor for the right to sell its products  or services. This means that the franchisee does not have freedom over the business unlike an independent business. However, a franchisee stands a better chance of success because it builds on the strength of the franchisor’s established brand.
This business model is popular in the food industry among the fast-food chains such McDonald’s, Burger King and among services providers such as car rental companies.
Who invented the franchise? No it’s not Ray Kroc (McDonald’s). The real origin of the franchise is in beauty. In 1882, at age 25, Martha Matilda Harper a domestic servant started manufacturing her hair tonic in a backyard shed…

Martha Matilda Harper, Martha Matilda Harper Hair Tonic Recipe, Harper Method

Source: Rochester Subway (2015)

 

Watch the real origin of the franchise here:

Read about: Martha Matilda Harper – Innovator in Beauty and Business

Advertisements


Categories: Entrepreneurship and Small Business

Tags: , , , , ,

%d bloggers like this: