Is franchising entrepreneurship? That may sound like a dumb question, particularly inside a magazine called Entrepreneur that is publishing the 43rd edition of the world’s biggest and most authoritative franchising ranking. And yet, as many people in this industry will attest, the question persists.
Sure, critics say, franchising is business ownership—but entrepreneurship requires grit and innovation. To which we say: You want to see grit and innovation? Look at what franchising did in 2020