Franchising a business is a great way to expand and get your products to the market quickly. It is possible to achieve strong growth using the franchise model.
Franchising though is not suitable for every business. Analyse your business model and ask yourself the following questions:
Can my business model be taught easily to people with no prior business experience?
How easy would it be and how much would it cost to recruit new franchisees?
What kind of person would make the ideal franchisee?
Who would provide the training and ongoing support?
What are the unique selling points of my business?
If you can answer all these questions then it is time to seek expert professional advice. You will need help in creating a franchise agreement, training programmes, support systems and marketing methods.
A franchise lawyer will be able to assist you with creating a professional franchise agreement which will end up being the cornerstone of your business.
You will have to decide whether you can do the training in house or outsource it completely. There are many training providers who can do an exceptional job of training your...
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