Pick Wendy's fast food franchise and tell me what steps you must complete becoming a franchisee. Things to consider: a) Is there an initial fee to apply?; b) Are there territories or locations that you would only be allowed to operate in?; c) What assets would you need to obtain that franchise (cash, collateral, % of sales, etc.)?; d) What type of business model do you need to set up?; and, e) All the other things you need.