Franchise Contest Gives Contestants a Chance to Win Big . / Credit: Dreamstime.com

Franchising is praised as a low-risk way to be your own boss and start your own business, but thanks to a new contest, it can also offer a way to change your life.  That's because the International Franchise Expo (IFE) has announced the "Change Your Life" contest, which will give one winner free admission to this year's convention, a two-night stay for two people at the Sheraton Four Points in Times Square New York and $500.

To enter, contestants must become a Facebook friend of IFE and like the IFE Facebook page. Contestants must then describe how owning a franchise would change their life either in an essay or image.  Once posted on the contest page, contestants must share their story in their social networks to get votes.  The person with the most votes as of noon EST on June 1, 2012, will be the winner. 

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"The IFE hosts people from all corners of the globe, each with their own reasons for attending," Tom Portesy, president and CEO of convention producers, MFV Expositions, said. "We love hearing these stories and feeling the passion and drive that comes with the prospect of owning your own business. Utilizing our social media channel is the best way for us to learn from aspiring business owners and hopefully share their inspiration with others."

The IFE is the nation’s largest franchise expo.  It will be held for the first time in New York City at the Javits Center from June 15 to 17. 

Reach BusinessNewsDaily staff writer David Mielach at Dmielach@techmedianetwork.com. Follow him on Twitter @D_M89.