A business plan is a strategic blueprint that describes how the franchise unit will be operated and managed to achieve success. The plan should encapsulate the franchisor’s broader strategy while ...

When Harland Sanders sold his first Kentucky Fried Chicken franchise in 1952, the document he prepared for the first batch of franchisees was a mere two pages in length. Things have changed a lot in ...

"Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones and have a strategy in place to set yourself up for success" (Yogi Berra, American ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. While taking many forms and serving ...