There are many benefits to franchising, a system that enables an individual to own a small business, using an existing brand, in order to compete more effectively in their local market. Unlike a traditional small business model, in franchising, you are in business for yourself but not by yourself, benefiting from the brand’s strength and business model, as well as their intellectual property, advertising, marketing, support, supply chain, and training. Another benefit of being part of a franchise is the sharing of knowledge and best practices not only from the franchisor, but also the brand’s other franchisees. Here are just a few of the many benefits a franchise network can offer someone who has a dream of owning their own business.