Question: Franchising is one way to become a small business owner. Investigate the area in which you live and identify the franchises that exist. Identify two more franchises that do not exist in your area. Describe the type of businesses of all the franchises. Conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis for a potential new franchise in your area. Which of the businesses would have the best competitive advantage in your area and why?