Franchising is a business model where a franchisor licenses their business model, brand, and operational system to franchisees. Franchising allows for rapid expansion with minimal capital investment and shared operational costs.

Successful franchisors exhibit strong leadership, effective communication skills, a proven business model, a supportive infrastructure for franchisees, and a commitment to ongoing training and support.

Your business should have a successful track record, a unique selling proposition, a standardized and replicable operational system, and strong brand recognition before considering franchising.

Franchisors need to adhere to franchise disclosure laws, provide franchise disclosure documents (FDDs), and comply with regulations set forth by the Federal Trade Commission (FTC) and state authorities.