Franchising is a great way to start a business, but before you start deciding on spending the ample amount of money needed to buy one, you must do your due diligence. It is very important to understand what a franchise is and how it differs from a chain or independent business. Owning a franchise does not work the same way as a business that comes from an original idea you have in your mind. Starting a franchise business is very profitable and easy, as you do not have to start the business from scratch. Our complete guide will give you everything you need to know about what it takes to be a franchise entrepreneur, also known as a franchisee. Steps to Start a Franchise Business: Evaluate the Cost :- Just like any other business, small or large, there are initial costs to getting your franchise off the ground. Franchise fees, equipment and supplies, and real estate are some of the common start-up investments. Franchisor Requirements :- A franchisor often has certain con...