Fred DeLuca

In 1974, we began franchising. We didn't have any big thought process except that, 'OK, franchising will help us get to our goal of 32 stores and help us run stores farther away from home.

American Businessman

Jan Schakowsky

The rise of franchising, contracting, and other similar employment practices has made it harder to enforce worker protections like minimum wages, overtime pay, and the right to unionize.

American Politician

Higher unemployment generally bodes well for franchising. People are looking for a new opportunity, and people who have jobs are a little less confident they'll always have a job.

Kurt Loder

So, yeah, I think it had a major effect. I think in franchising younger people, it was just an idea that's never been trotted out before, but it makes perfectly good sense.

American Journalist

When we first started the company, I didn't have any thoughts of franchising. We just had company-owned stores.

Henry Silverman

I've always dreamed of franchising an airline, but I haven't been able to figure out how to do it.

Geoff Ryman

Franchising implies a financial arrangement, and I am always pleased to consider those.

Canadian Writer

Franchising often involves large businesses and exhibits a corporate tone.

Corporate Connection

Franchising gives specific location rights, which can limit where you operate.

Geographical Limits

Franchising may require personal involvement and investment in the business.

Personal Investment

Franchising is based on official contracts outlining the partnership terms.

Legal Agreement

Franchising often replicates a successful business model for consistency.

System Duplication

Franchising is a strategy used by brands to expand their market reach.

Market Expansion

 and now, like franchising, pay-as-you-go is one of the most dominant forces of economic activity in the world. So I'm going to talk about innovation in Africa, which I think is the purest form, innovation out of necessity. But first, I'm going to ask you some other questions. You don't have to put your hands up.

Toby Shapshak: You don't...

 Very different than the business model where Mom and Pop stores have full ownership, but no similar support. All the examples in my opening question are a franchise operation. Kroc is sometimes credited with inventing franchising,

The Real Origin of the...

 because last year they gave us a grant that helped us rethink our business model. We created something called franchising which helped us, micro franchising. It's not a term we created, but the model,