How To Franchise Your Business » Franchise Consulting

Why You Franchise

trather — Wed, 07 Sep 2011 14:51:06 +0000

WHY YOU FRANCHISE YOUR BUSINESS
Imagine opening 10 new business locations without taking on any risk. Imagine managers running all those locations, which are just as committed to growing the company as you – and not having to pay them a dime. In fact they pay you money for the right to operate your business model.
For many companies, creating a franchise program is a sensible way to achieve rapid, profitable growth without giving up any control or ownership. Going from a single location to a dozens or even hundreds is possible and well-documented because franchise owner-investors put up all investment capital, shoulder all risk and assume all day-to-day operating responsibilities. It’s expansion, using OPM – Other People’s Money.

ENTERING A NEW BUSINESS -
The bad news is a company planning to franchise must realize it is entering a new business, offering an entirely different service (training & support) to entirely new customers (business owner-operators). This new business requires different skills, abilities and expertise. In the new business of franchising, it is critical to develop effective evaluation, documentation, mentoring, training and consulting skills.

THE FRANCHISE FEASIBILITY
An indispensable step before any franchise a business development program gets underway is an analysis of the concept and business model. Has the concept been sufficiently proven in the marketplace? How profitable are existing prototypes or company-owned outlets? Franchising will not solve existing problems, it will only intensify them. Franchising is not a way to raise capital, get rich quickly or expand a business with existing problems. There must be sufficient profitability in the business model so that royalty and other payments can be made and leave the franchise owner with a sufficient profit.

FRANCHISE STRATEGIC PLANNING
A successful franchise development program begins with a solid plan – a foundation for franchising. Often there is little or no strategic planning with new companies entering the franchise industry. T More important than a business plan is a strategic plan – a vision of the franchise program together with a limited number of concrete, achievable action steps.

FRANCHISE DOCUMENTATION
If your company made doing a good job at the planning stage its number one priority, franchise documentation goals will be apparent. Proprietary assets (like recipes, formulas, methods, branding, operating techniques and customer information) need to be identified and protected. A catchy and appropriate name, logo and tag lines are registered as trademarks or service marks.

A franchise operations manual and franchise training program are developed, often from scratch, to impart business day-to-day operating skills to franchise owners as well as ensure uniformity of products and services. The franchise operations manual and training program curriculum must be drafted or edited with a particular focus. Certain topics, chapters and policies used in manuals for company-owned locations, for example, are entirely inappropriate in a franchise environment, creating significant franchise liability issues.

Finally, and only after all of the above are underway, a Franchise Disclosure Document (FDD), similar to a securities prospectus

WHY You FRANCHISE Your BUSINESS
Imagine opening 10 new business locations without taking on any risk. Imagine managers running all those locations, which are just as committed to growing the company as you – and not having to pay them a dime. In fact they pay you money for the right to operate your business model.
For many companies, creating a franchise program is a sensible way to achieve rapid, profitable growth without giving up any control or ownership. Going from a single location to a dozens or even hundreds is possible and well-documented because franchise owner-investors put up all investment capital, shoulder all risk and assume all day-to-day operating responsibilities. It’s expansion, using OPM – Other People’s Money.

Finally, and only after all of the above are underway, a FDD Franchise Disclosure Document, similar to a securities prospectus (stock offering), is prepared by a competent franchise attorney . Doing it correctly and with a balanced, fair perspective can save going to the courtroom later. Using a boilerplate or online FDD template will almost certainly guarantee a visit to the courtroom down the road. Since these visits cost hundreds of thousands of dollars and up, they are not cheap and far outweigh the cost of doing it right to begin with.

Training the Franchise Management Team -
When the documentation phase is over, momentum gathers as the exciting implementation phase begins. This is where the sparks begin to fly as franchises are sold, new franchise owners are taught and trained, and opening assistance is provided. It’s also when most new franchise companies make serious mistakes that haunt them for years or even decades to come.

The reason: most new start-up franchise management teams have not been trained in how to properly operate their new business, nor can they afford to hire a six-figure, salaried person with franchise management experience. A more practical solution: provide new franchise companies with in-depth franchise training instructional workshops as well as on-going, as-needed advice based.
Tags: How to franchise, Franchise My Business, Starting a Franchise
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, is prepared by a competent franchise attorney. Doing it correctly and with a balanced, fair perspective can save going to the courtroom later. Using a boilerplate or online FDD template will almost certainly guarantee a visit to the courtroom down the road. Since these visits cost hundreds of thousands of dollars and up, they are not cheap and far out weigh the cost of doing it right to begin with.

How to Franchise A Small Business

admin — Sun, 27 Sep 2009 01:26:45 +0000

Is it a dream of yours to start a franchise? Do you wish that one day while on vacation your little boy or girl can say look Dad there is one of your shops? These dreams are realities to many entrepreneurs who have taken the step of investigating franchise development and done so successfully.

The first thing to do when planning on franchising is to carefully examine your own business model. Ask what made it successful? Was it the location? Was it the niche in filled in an area? Was it the concept? The true answer may be variations of all three. But can you help a franchisee find these market conditions in other areas so they to can be successful? If you answered yes than your concept may be worthy of franchising and you need to reach out to a franchise start up agency.

One of the top franchise start up agency in Georgia is located in Marble Hill, Georgia. Tom Rather owns and manages How to Franchise .org . If you need help Tom is one of a handful franchise consultants in Georgia that can be of assistance in helping an entrepreneur successfully develop a franchise properly. He work all over the United States but his office near Atlanta Georgia gives special relevance to entrepreneurs looking to franchise in the State of Georgia.

Tom helps you through all the necessary paperwork and planning that goes into developing a franchise. He also gets all legal documents properly signed by an attorney so you can trust his work is done properly.

If you are a entrepreneur in Georgia asking how to franchise a small business; you should just ask Tom.

How to Franchise

Should I Franchise My Business?

admin — Sun, 27 Sep 2009 01:24:49 +0000

Should I Franchise My Business?

For some entrepreneurs, franchising offers the most effective avenue for growth. Others business owners, however, jump into franchising too quickly and the results can be devastating.

So how do you know when it’s right decision and time? You begin by asking the right questions and answering truthfully about your current operation.

Is my business profitable?

Franchising is never the method to turn around a business that needs help. The first question you need to ask is whether or not your business is successful. If it is, then franchising may be the most viable option for growth. However, if the business is experiencing financial challenges, then now is not the right time to begin franchise development? You should just postpone your idea of franchising until the business improves. During this period you can work on improving your model and offerings.

Can my concept be reproduce at another location or market?

The success of a franchise depends on the effectiveness of being able to properly duplicate the business model over and over at other locales. Since there are a lot of variables that goes into making a business successful such as location and competitive issues; it is a good idea to test your concept by opening additional locations. If these entities are successful then this is a good indication that your concept is indeed valid for franchising. Multiple locations also let you know if there are any pitfalls in your model that may need work. This will help make it a smoother transition when you begin to sell franchises.

Franchise Proof

Are you able to document your success in a manner to demonstrate the effectiveness of your system? By keeping good records to show cash flow; this will give strength to your offerings. Franchisees usually make one of the largest investments into starting a new franchise in their life with the exception of housing. So documentation including news articles are very helpful to gain credibility.

Am I mentally and time ready to franchise?

The most important question to ask oneself is whether you and your business are ready to franchise. The decision to franchise will have significant consequences for your business and even your personal life. It will require much of your time and energy, as well as the time and energy of your top employees. Unless your business can survive without your constant involvement, then it might be best to put off franchising, at least for a time. However if the answer is no your business can survive without your attention then its probably time to talk to a franchise start up agency. Also remember franchising is a lot of coaching and mentoring this can be mentally challenging. If you look forward to assisting others than the time may be right for you to begin franchising.

Visit our website to learn if franchising is right for you.

Franchise My Business

admin — Sun, 27 Sep 2009 01:24:06 +0000

Franchise My Business

I really want to expand my small business. But after opening my first Frozen Very Berry and Creams I saw a real promise in growing the business model. However I have very little capital in which to expand. I chatted with a SCORE volunteer helper who asked me if I have considered franchising.

Franchising he said is a great way to grow a small business such as mine. It lets you use other people’s capital to grow your brand. Plus it lets you get managers if you would in the franchisees that really care about the business. There usually are both financially and emotional invested into the business. This really helps a start up make it.

He also said franchising is a great way to lower lots of cost. Larger operation allows one to negotiate with vendors for reduce pricing on just about every product or service we use. This savings means more profit for all involved even the franchisees.

Franchising does take some work. He advised using a franchise consultant to help me navigate through the legal paperwork that states require. Also be careful of the large agency I learned that charge a arm, leg, and a next born. A franchise consultant like Tom here at howtofranchise.org charges a fair fee and his work is professional and timely.

So if you want to grow your business; may I suggest that you call Tom and say “would you franchise my business”?

Want to Franchise your business the right way? Check out http://www.howtofranchise.org for more info.

How to Franchise My Business

admin — Sun, 27 Sep 2009 01:23:19 +0000

How to Franchise your Business

-Interested in How to Franchise Your Small Business? Afraid that you may miss vital Franchising Documents and Franchising Agreements integral in broadening the scope of the single store you now own? Take the fear out of Franchise Development with one click of the mouse or a single phone call. By using an Innovative Franchising System you will have all the precise tools for making your transition easier from a single location to multiple storefronts. Never underestimate the right company when becoming a Franchise Owner.

Choosing the best Franchise Startup Company to step in before this big decision should not be taken lightly. There are many Franchise Consulting Firms out there but only a few can offer a Do-It-Yourself Franchising Kit a layman can quickly grasp. From the inception of an idea to a practical operating chain of stores there shall inevitably be Franchise Attorneys to make sure all the proper channels are taken to keep your move above board. An adept Franchising Advisor can help there too. It is critical to any Startup Business to have the prime Franchising Service that knows the Best in the Business. This is especially true for those who want to Franchise in Other States.

You may even be asking yourself, Why Franchise? The answers are numerous, but whatever it is, a firm offering the Best in Franchising Services can convey information to Successfully Begin Franchising Your Business. From the endless Franchising Paperwork, Franchise Agreements, and related Franchising Documents the task may seem larger-than-life. Indeed this may appear to be the truth, but with the proper Franchise Development Director you shall see the task is not insurmountable.

Why Franchise? Be bold in your choice. Be fearless. Choose a Franchising Director you can trust with an impressive resume. Open you Franchise with fewer snags, compose eye-catching Franchising Articles, and Turn Your Small Business into a Franchise with deft steps promoted by an authority in Small Business Franchising. Before you know it you will be asking yourself why you did not franchise sooner. Do not underestimate your choice in a Franchising Agency.

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Top Franchise Consultants

admin — Sun, 27 Sep 2009 01:20:30 +0000

How to Franchise My Business?

Starting a franchise is a process that requires both thought and strategy. The planning and paperwork involved can even be more exhausting than doing your on taxes. This process however sets the foundation on which one can build a successful business model that will guide than on their way to franchise success. This effort will be well worth the hard work if your concept is one of the franchises that successful turns into a household name. For this to happen one must have a plan. This plan needs to be developed and used as guide to constantly test and measure your focus and success each step of the way.

Sounds difficult it is. That is why it would be wiser to hire a franchise start up agency. These companies are experts in the development phase of the process. Their help and expertise may be the single factor that separate success from failure. The paperwork will be done in a professional manner if you choose an appropriate agency. They will act as mentor and coach that will help solve problems and challenges that may occur. The time saving alone will be a definite aid in the process.

The best thing about some of the top franchise start up agencies is they are not expensive. Most charge less than what it would cost for an entry level person for you to hire in your company. These professionals may be one of the remaining great values around in the business world. I must say they are a few that charge an exorbitant amount but these companies produce a better advertising message often than they do results for the future franchisors. So always be a little wary of these very expensive agencies. But for the most part companies like Franchise ASAP and HowtoFranchise.org charge a reasonable fee and produce the desired results.

So if you are at the point of taking that step toward franchise development; remember that hiring a franchise start up agency is not only economical but smart. So asking a professional How to Franchise My Business is the solution.

We are dedicated to helping entrepreneurs learn how to franchise across the country. We have already had success in the most states. Look locally for us on local search engines by entering the following terms.

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