Franchising is becoming a very popular way of doing business. You may think of franchising in terms of motor vehicle sales or convenience food operations. What are some different types of local franchising operations that may not be common? Discuss how and when one decides to go into franchising a business. What, if any, pitfalls are there to watch for? What benefit does franchising have for the franchisor and the franchisee? What are the major steps involved in setting up a business for a franchisee?