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For those who choose the venture of opening their own franchise, it can become quickly intimidating. Innumerable franchises can be found over a vast range of industries, and certain steps should be followed before pursuing them. We've provided a step-by-step overview of some of the major stages involved with the rewarding task of opening a franchise.

Some people know early on that they were meant to own their own business. Others find themselves starting a business due to life changes such as parenthood or losing a previous job. Regardless of what motivates you, there are plenty of great reasons to start your own business!

Did you know that franchises have a higher rate of success than start-up businesses? Studies have shown that franchises have a success rate of approximately 90 percent, compared to a 15 percent success rate for new businesses.

Meet with the Franchisor: By planning a day to meet with the franchisor, you will likely find plenty of information on what the franchisor can offer in terms of support, and you will be able to ask all of your pending questions. Visiting their headquarters will also provide a great chance to meet other franchisees.