"The franchise organization model offers the franchisee the ability to grow under a common brand and share in the benefits of a larger group of business owners," "Though each business is independently owned and managed, all franchises share in the collaborative benefits of the organization through the support and oversight of the franchise."

Along with collaboration and support, owning a franchise offers a variety of business resources and opportunities.

"Franchisors usually create comprehensive operation manuals and training programs for their franchise owners that cover marketing, operations, accounting, technology and other areas that are specific to the particular business model," Grossman explained. "These efficiencies are designed to enable franchise owners to earn more and spend less time and effort than otherwise would be required to open and operate a similar business on their own."

Franchising is just one of the many options want-to-be entrepreneurs have. Aspiring owners who aren't sure where to start should consider looking into Franchise websites, which direct you to the best businesses and properties for sale. From there, you can decide which best fits your entrepreneurial goals and budget.