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(Black Enterprise) — If you have a thriving business that is due for expansion, it may be time to think about turning your enterprise into a franchise. Becoming a franchisor can be a cost effective way to grow your business with reduced risk of debt since franchisors only invest in the initial unit. There’s also the potential for steady returns given that franchisees pay into the franchise, and there’s less liability and involvement for the franchisor in the day-to-day operations than would be required for running several operations on your own. Here are a few quick tips to get you going:

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