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Thinking About Franchising Your Business?

 

Franchising your business is the most dynamic method of expanding. Yet, not all of those that venture upon this strategy will find that to be a “road to riches.” Many companies have tried to franchise a business only to fail in the attempt.

 

To start you must determine wither your organization qualify for head the franchising direction.

 

Secondly, business owners should gain a thorough understanding of what is involved in franchising in terms of resources, costs, and personnel. While your business may be ready to franchise, there may be financial, operational, or resources barriers that should be overcome before proceeding with this strategy.

 

Finally, assuming that you have a franchisable business and the resources necessary to succeed, your next step should be to determine if franchising your business is the best strategy based on your own personal goals and objectives. Just because a business can be franchised does not mean that it should be franchised. To do this, you will need to measure the advantages and disadvantages of each of your alternative strategies versus the advantages of franchising.

 

The decision to go franchising involves planning with time of resourcing & hard work. The cost is part of this formula and just to give an example:

 

Franchising Business Planning

Franchising Business Structure

Franchising Main Agreement

Franchising Development Agreement

Franchising Location Survey

Franchising Engineering Design & Layout

Franchising Cosnstruction Standards (Interior & Exterior)

Franchising Menu Development & Menu Engineering

Franchising Operations & Training Manuals

Franchising Staff Hand Book

Franchising Recruitment System

Franchising Sourcing System

Franchising Guide System

Franchising Costing System

Franchising Operating System

Franchising Managerial System

Franchising Legal Work

Franchising Marketing Structure

Franchising Forms

Franchising Follow-Up System

 

And Much More…, tailored to your organization needs.

All of the above and much more needs to be delivered in a clear well understood strategy, with the support of our training staff using train the trainer method introducing the Franchising system for selected clients with on hand training to their perspective staff & then the franchising system will be delivered.

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