9 things you need to know before franchising your business

The opinions expressed by entrepreneurs contributors are their own.

Business owners often consider the next steps for their business and franchising is a popular method of expansion. If you are considering growth options for your business, one of the internal questions you may have is whether it is better to open more locations and expand the territory you currently serve or franchise your company. If you think about it, franchising is one of the best ways to grow without investing all of your own capital in the new operation(s). That said, it can be confusing until you know more about the industry.

To help you get started, here are nine things to know before franchising your business.

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