Franchising is a pathway to rapid growth for easily replicated unique businesses. It could be the ideal way to expand your business – but it’s not something to embark upon lightly. If you’re considering taking the plunge, we can help you decide whether franchising is right for you, and show you what it takes to develop a successful franchise network.
Here’s our guide to the important steps you’ll need to take along the road to becoming a new franchisor.
Step One – Suitability of your business
Step Two – Develop a franchise plan
Step Three – Standardize your processes
Step Four – Improve training methods
Step Five – Draw up a franchise agreement
Step Six – Strengthen your brand
Step Seven – Attract the right franchisees
Step Eight – Establish support systems
Step Nine – Oversee your franchisees