How To Franchise A Business
How do you franchise a business?
There are 4 main steps to franchising a business. Most companies will tell you that you need to create the Franchise Documents, and while that is the legal requirement to franchise a business, it is not the only thing needed.
Here are the 4 main steps to Franchising a Business:
1. Legal Document Creation
2. Operations Manual Creation
3. Marketing Plan Creation
4. Sales Process Creation
Each of these 4 parts is critical to the success of a new franchise business. All too often I talk with an emerging franchise that didn’t complete steps 3 & 4 prior to franchising a business and they are struggling to sell franchises.
This is not surprising. With any business you need to have a complete plan in place.
Franchising is no different.
How are you going to find people interested in buying your franchise?
Who is going to support your new franchise owners?
What process are you going to use to sell franchises?
These are all questions that need to be answered as you learn how to Franchise your business.
For a free no obligation consultation, complete the form below and a Franchise Developer will contact you to see if your business qualifies to expand via franchising.