Franchising is not for everyone. Explore these lucrative alternatives to grow your business.

Opinions Express by Entrepreneur contributors are their clean.

Not each business can be franchise, neither should he. As THE founder And operator of A exciting, new concept, It is hard not has consider opening A unit on each corner And become THE following franchise millionaire. It is A common dream. HAS A time, many Notions were affirming has be THE following “McDonalds” of their industry.

And while franchise can be THE RIGHT growth vehicle For someone with A established brand And proven concept It is wall For growth, there are other choice available For business the owners WHO to want has develop their concept In prime Locations Before their competition do but WHO don't do it to want has go he alone For A number of the reasons. For example, they can not to have THE resources Or species reserves has finance A franchise program (he East important has note that while franchise A business do leverage THE time And capital of others has open additional units, establishment A franchise system East certainly not A free of charge effort). Or they don't do it to want THE responsibilities And relationship of be A franchisor And would be instead to focus on running their heart business, not A franchise system.

Related: THE Benefits And The inconvenients of Franchising Your Business

But When You to have eager clients ask has open A brand location just as yours In their neighborhood, It is hard has resist. You could think: What if I don't do it leap on THE agreement, And I miss out on A opportunity that could not come around again?

Licence your intellectual property, such as your name, registered trademarks And trade dress, In exchange For A together costs Or percentage of sales East A path has accomplish This without having has go THE somewhat more laborious And legally control franchise itinerary. Types of Licence Agreements range Since granting A Licence has allow another entity has manufacturing Or TO DO your some products has allowing someone has to use your logo And name For their own business. Contrary to In A franchise, your partner In A Licence situation will only be allowed certain predetermined rights has sell your some products And services, not A all-in agreement has give them A turnkey business, accompanied by training And support, In exchange For together costs. A Licence agreement spells out each celebration rights, responsibilities, And What they can And can't TO DO below THE terms of THE agreement. Having A lawyer draw up THE paperwork East vital, as GOOD as consultant with A of confidence business advise WHO has help others along This path And can shorten your learning curve while protect your rights. Licence Agreements are ruled by contract law as opposite has franchise laws. However, care must be taken: HAS ensure that You are stay In your way And not crossing on In franchisor territory, you go to want your advisors has detail What You can And can't TO DO as A licensor.

For example, A Licence agreement excludes You Since be implied In THE day by day operations of THE of the licensee business. While having No monitoring can her as A relief, he can be A double-edged sword, especially For people WHO are used has control all aspects of their some products Or services. You won't to have has provide license holders with in progress services, such as marketing materials And continuous training, but he Also means You to have No control on how they run their business, their product mix Or even how they decorate their space. If You are A type A, This can be hard For you.

Most people are more familiar with trademark Licence with A third to party because these Agreements are big In THE sports And entertainment Industries, Or A celebrity...