9 Things You Need to Know Before Franchising Your BusinessFranchising is rewarding if done well — that said, it is not easy to establish your brand, so start off the right way and learn more before you start the process.

Business ownersoften contemplate the next steps for their business andfranchisingis a popular expansion method. If you are considering growth options for your business, one of the internal questions you may ask yourself is whether it is better to open more locations andexpandthe territory you currently serve or franchise your business. If you are thinking about it, franchising is one of the best ways to expand without investing all of your own capital into the new operation(s). That said, it can be confusing until you get to know more about the industry.

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

1. You are starting another business