Take a stab at franchise ownership. What is a franchise--and how do you know if you're right for one? Essentially, a franchisee pays an initial fee and ongoing royalties to a franchisor. In return, the franchisee gains the use of a trademark, ongoing support form the franchisor and the right to use the franchisor's system of doing business and sell its products or services.

Excerpted from Start Your Own Business: The Only Start-Up Guide You'll Ever Need