"Help! I'm Confused!" When researching how to franchise your business, you may come across so many ways it quickly gets confusing. Not to mention, you have franchise sales brokers calling themselves "consultants" now, trying to offer franchise development … [Read more...]
Myth – A Business Needs to Show Financials to Franchise
The topic of financials is an area of misconception that surround franchising and continues to confuse people. Let's cover some background information and understand what financials are needed when franchising a business. To start, remember that franchising is a completely … [Read more...]
Open More Locations or Franchise? What to do.
The dilemma: You have said to yourself that you are ready to take your business to the next level. Your clients and/or customers ask you all the time if you have other locations. It is time for expansion but you're not quite sure how to do it. So what is the best growth … [Read more...]
Identifying The Perfect Franchisee
Finding the perfect franchisee is no different than finding the "perfect" employee. However, as a franchisor, you will be looking for someone "just like me" who will embrace your business, dedicating themselves to make it a huge success in their market. Either way, you … [Read more...]
I Built the Business Myself…Why Can’t I Franchise It Myself
Doing It Yourself You've decided to Franchise your business. You've invested some time researching what needs to be done and you've decided to “Do It Yourself”. You may be able to find or buy a template for the Franchise Disclosure Document (FDD). Seems simple, right? … [Read more...]
Franchising and Building Trust MUST Go Hand in Hand
Trust is the Foundation. Retailers say the three most important elements to success are "location, location and location." Experienced franchisors will say that the most important elements in a successful franchise system are building trust, being trustworthy and … [Read more...]
