The Origin of the Franchise Business Model

Posted by Fitz Villafuerte under Business on June 11, 2013

Many Filipinos, especially OFWs, choose franchising to get an immediate and convenient headstart in business.

Buying a turn-key franchise, rather than building a business from the ground up, is also a great way for individuals to fast-track their learning on how to run and manage a business.

While franchising a business tends to be more expensive than starting your own, the time you save in business planning and development often makes it worth the price.

For many years, a lot of people all of over the world have benefited from this innovative business model – but have you ever wondered who first thought of this business concept?

The 6-minute educational video below from TED Ed, tells us the very interesting origins of the franchise. And I hope you enjoy watching this one as much as I did.


Further Learning:

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2 Responses to “The Origin of the Franchise Business Model”

  1. Very interesting history of franchising! I believe that my “timing” for your article couldn’t be better & quite “related” to the “history” of franchising as I am planning to franchise my “Home or Office Slimming, Hair & Skin Care Services”.

    I am hoping to know how much is it to advertise on your site to get interested parties? Or, could I offer a percentage commission to anyone personally referred by you or/and have come to know about my franchising thru your website?

    I look forward to your kind reply and thank you for featuring the franchising business concept!

    God bless!

  2. carol says:

    Looking back I wish I had built my own business from the ground up. I was impatient and wanted to make money quickly. Buying an expensive franchise didn’t turn out well for me, but, just as Fitz said, fast-tracked my learning in a year’s time as opposed to enrolling for a 4-yr MBA.

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