It’s Time to Grow!
Are you looking for ways to grow your business, but don’t want to spend tons of money to open other locations? Are you eager to expand but don’t want to be tied to more employees? Are you tired of training your competitors? If you answered “Yes” to any of these questions, franchising may be a growth option for your business.
The Franchise-O-Meter
Franchising is a powerful method of expansion for businesses, but it’s not for every business. So how do know if your business has the right qualities for franchising? How does your business measure up on the Franchise-O-Meter? Here are just a few questions that may help you assess your business.
- Does your business provide a niche service?
- Does your business offer a unique product or service?
- Is there a demand for your product or service?
- Is your business currently in operation?
- Are you profitable?
- Do you have employees and/or clients who want to open their own locations?
- Are you consulting with others to help them grow THEIR business?
- Do you have relationships with vendors?
- Do you have ‘copycat’ competitors popping up?
- Have you created checklists and/or have systems in place?
Certainly, every businesses is a little different and these questions are not ‘all or nothing’. If you have answered “Yes” to any of these questions, call us The Franchise Maker and let’s see how you measure up on the Franchise-O-Meter!
