Starting a franchise involves a structured process beginning with self-assessment, capital budgeting, and market research to identify an industry that matches your skills. Next, you research various franchisors, review their mandatory Franchise Disclosure Documents (FDD) to evaluate financial health and litigation history, and submit an application. Once approved, you secure financing, sign the franchise agreement, pay the initial franchise fee, complete comprehensive corporate training, build out your location, and launch operations with ongoing franchisor support.