If you are like most service businesses you not only survived but thrived during the pandemic. Now perhaps you are looking at the future and wondering what is the next step. You have been super busy performing services and managing your employees, but the demand for what you do is relentless. You know that you need to get into other areas and fast because what you do is unmatched by anyone else. Yep, you have a successful service business and really want to grow it. You know that you can grow it organically (continue to grow yourself, start up other locations and pop someone in there to manage it) but the last thing you want is more headaches managing operations in especially somewhere else. So you are thinking about wanting to franchise because it is appealing to have someone else buy into your program and run day-to-day operations, but wonder you how do you actually do it. What exactly are you franchising and are you expected to teach the actual skills of how to perform the services you offer? Well those questions are easy and where The Franchise Maker steps into the picture to franchise your business.
What Are You Really Offering When Franchising a Service Business
Franchising means taking your existing business and offering a program that mirrors everything that you are doing and leveraging what has made you successful for someone else to follow. First thing for you think about is what makes the service you do so unique. You should be able to answer why customers (or clients) use you, what keeps them coming back to you and what have you done to streamline operations. When franchising it is not just about showing someone how to perform a service or hone their skills when performing a service. To successfully franchise, especially any type of service business, you must be prepared to teach someone every aspect of your business (yep the whole enchilada) from marketing and customer acquisition to performing services (and all the little tricks you have learned along the way to become faster and more efficient) all the way down to the administrative tasks that every business owner dreads.
So wait a minute, does that mean you have to show someone all your secrets? Yep you will be sharing your secrets and all the short cuts and steps you have created or developed while performing services. Specifically the methods, processes and strategies you use everyday while running your business all of which generates you the results that your customers (or clients) rave about and differentiate you in the marketplace is what you are offering as a franchise and will be providing to franchisees. As a franchisor your mantra is about helping your franchisees be successful; so any special formulas, strategies or nuggets of wisdom you can share is expected. This is all intended to help your franchisees ramp up their business up quickly (a lot faster than than they can do on their own), gain traction in their market and continue to be top mind for whatever service your business offers. The benefits of imparting your wisdom and know-how are numerous and of course the more success and money your franchisee makes, the more comes your way (see this piece on how to make money franchising). Rest assured if your franchise program is built correctly (be careful not everyone builds franchise programs correctly) then all your trade secrets will be protected above and beyond any type of non-compete that is usually built into a typical franchise relationship.
What’s My Time Commitment
Hold on, you are time-starved as it is and really do not have the bandwidth to put a franchise program together. Plus this all sounds super overwhelming. We totally understand and will guide you through our proprietary processes that make it easy to identify not just what, but how you are going to train every aspect of your business. You bring your knowledge about your business, willingness to trust our process as we help you put all the pieces together and your desire teach and mentor others and you can leave the rest to us (see for yourself what our clients have to say). No worries we will take care of all the technical aspects of franchising so you can roll out your franchise program nationwide. What are the technical aspects? Damn good question. In order to franchise in the United States you must have the entire franchise program outlined in a set of documents and in most cases approved before you can even start offering franchises (take a look at the steps on how to franchise a business). Keep in mind we do ALL the heavy lifting and all documents we put together are custom. While there is a format that needs to be followed when franchising a service business the guts of every one of the franchise documents we put together are unique and different. In other words we do not work off templates. To successfully learn how to franchise a service business and do it correctly we do need your involvement, but won’t demand much of your time. To get a good idea of what your involvement entails take a look at how much of my time will it take to franchise a business. As an added bonus, our President Dave comes from the service industry and is very much aware of all the intricacies involved when providing services to the public, so you can count on him sharing his experiences with you to further help develop your franchise program.
- What’s My End Game
- We Really Dive into Things
- Secrets to Franchising
- FAQ’s About Franchising a Business
- What if My Business Requires a License
- What to Look for in a Franchising Company
