A franchise owner invests in a well-known brand and operates a branch of that business. This involves managing staff, overseeing daily operations, and ensuring the franchise meets the brand's standards. Franchise owners benefit from the established brand recognition and support system, making it a potentially less risky venture than starting a business from scratch.

• Responsibilities: Managing operations, hiring staff, marketing, and customer service.
• Skills Required: Business management, leadership, customer service, and financial acumen.