How About Buying a Franchise?

What to do if buying an existing business doesn't sound right for you but starting from scratch sounds a bit intimidating

Take a stab at franchise ownership. What is a franchise--and howdo you know if you're right for one? Essentially, a franchiseepays an initial fee and ongoing royalties to a franchisor. Inreturn, the franchisee gains the use of a trademark, ongoingsupport form the franchisor and the right to use thefranchisor's system of doing business and sell its products orservices.

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

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