Want to be your own boss, but not willing to take on the risk of starting your own business from scratch? Franchising can be a great alternative if you want to have some guidance in the start-up phase of the business.
You need a strategy before investing in a franchise. Doing your homework about the franchise first will help you gain a solid understanding of what to expect as well as the risks that could be involved.
The Federal Trade Commission explains how to shop for a franchise opportunity, the obligations of a franchise owner, and questions to ask before you invest.