McDonald's franchise has some interesting history to share

McDonald's is a well known name worldwide and are loved by all from six to sixty. It is also a well known name in the sector of International franchising. Since time immemorial this one of the greatest restaurant chain has played the role of franchisor and offered franchise to franchisee’s. All events are registered in history and McDonald’s one is an eventful as well as an interesting one. Read on to know more.

The journey began

The very first McDonald's franchise was offered to Nathan Fox in 1953 and it was established in Phoenix Arizona. This event took place near about thirteen years after the McDonald siblings opened their first McDonald's eatery. Dick and Mack began with their McDonald's legacy with an eatery in San Bernardino California in 1940 having a menu that included only 25 items in it.

Their eatery was a joint for a hefty portion of the neighborhood high schoolers and their menu was fundamentally grill things. After eight years, they shut their eatery for a while as they revamped to wind up an eatery that generally served hamburgers, one of their top selling items. They started boasting their capacity of serving food to their customers faster and gradually started to create a assembly line type food preparation. They contracted their menu to have just three things: cheeseburgers, milkshake and French fries and soon became famous after welcoming the changes.

The franchise story follows

In 1963, only ten years after the introduction of the initial franchise, McDonald's inaugurated their 500th eatery that came up in Toledo Ohio. This was likewise the year that McDonald's celebrated the sale of their one billionth burger.

In 1967, the Canadian outskirt was crossed by McDonald's with its first eatery outside of the United States that opened in Richmond British Columbia. After a year in 1968, McDonald's opened their 1000th eatery and hot apple pi and the Big Mac were acquainted with the menu. The crusty apple treats were served fried until the baked apple pie took its position in majority of the outlets on and since 1992.

As the franchise story continued, McDonald's faced some serious Franchise Dispute on their journey. This could have affected the image of the brand, but they were fortunate enough to have solved all the unwanted disputes with the help of expert Franchise Attorney. Till date McDonalds have been functioning as a franchisor and offering franchise opportunities to people worldwide. To learn more about McDonald's franchising rules and needs, you can visit their official website.

Issues to consider before buying a franchise

Each and every American wants to be financially independent. Getting a job is not at all the desired solution for them. Most of the rich Americans have made their money either by establishing his/her own business or by Franchising a business. So, if you want to be rich and free then either you can start business from very scratch or buying a franchise of an already existing business and run that. Here are the differences between the two.

What is the difference?

Firstly, you have to arrange a big amount of money before Buying a franchise. For example, you must have $500,000 in your pocket to buy franchise of McDonald’s. If you want to run any less known business, then the amount to be arranged may be cheaper, but in that case too, you have to pay hundreds of thousands before you start.

On the other hand, if you can arrange tens of thousands or less than that, you can start your own business from very scratch. If you are a student and having nothing much in your pocket, then also, there are so many ideas now a days that can lead you to be an entrepreneur in almost empty hand. If the idea is great and you work harder, than the financial curve can rise upwards very soon. In today’s era of online marketing, you can promote your business free by doing a lot of marketing work in free ad zones. Definitely people will hear your voice through social networks, free business networks.

Marketing efforts

Your marketing and advertising effort will be much lesser in case of Buying a franchise of any well known business. The business already having pretty much popularity in the market and society and being well established already. However, there is franchise litigation too. If your franchise is doing any kind of illegal job, taking kind of illegal unsocial steps such as recruiting child labor, the negative impact can also harm your business. Your business is totally dependent on all kind of publicity, either positive or negative, of your franchise.

Follow rules

Last but not the least important point is, when you run a franchise, you cannot promote the products at your own unique ways. You must follow the rules of the franchise in all respect. You cannot take any unique decision for business promotion yourself. Though your franchise’s products are loosing popularity, or faith of the customers, their current marketing strategies not working in public, you can’t take any step to promote the business or services as per your choice. Where in case of your own business, you are free to promote your product in any way you want.

So, it will be quiet time taken to be rich with your own business starting from scratch but the risk is low. But it will be fast to be financially free if you buy a franchise but with risks.