The idea of a franchise often comes up as a business grows. But how do you if it is the right move for your business? It is a big step with both pros and cons. For this reason, Reporter Abby Johnson provided a few important factors that businesses should consider before they take the plunge.

If you are thinking seriously about franchising your business, you should ask yourself the following questions:

- Do I fully understand what a franchise is?
- Is my business profitable?
- Do I have established policies in place?

The answers to these questions will help you determine if you are truly ready to franshise. It is also important to remember that not every business is right for franchising. For more information on this subject, watch this SmallBusinessNewz video report.

Tags: Abby Johnson, Franchise, Joel Libava, Management, The Franchise King