In this Episode of the How To Buy A Franchise Show, Dr. John P. Hayes explains exactly what it means to buy a franchise. He looks at the difference between a corporate chain such as Wal-Mart or Target and a franchise chain. Dr. Hayes explains that franchising is a license, a methodology and a distribution system for the franchisor but can create tremendous opportunity for the franchisee. However, franchising isn’t something you buy out of a box and put on auto-pilot. It comes with risk but unlike purchasing a non-franchised business, with a franchise you become a calculated risk taker.