Mistakes New Franchisors Make
June 22, 2018 by
Franchising is an industry that has helped many business owners (like you) expand into different markets while at the same time allowing other entrepreneurs “to be in business for themselves, but not by themselves” (as the saying goes). It sounds great, right? And it is…. when franchising is executed correctly. However there are certain mistakes…
When Starting a Franchise Things to Consider
June 14, 2018 by
If you are like every other entrepreneur, you want to grow, become well-known, make money and you want it fast. So you figure you already have a business that makes money, maybe it’s time to start a franchise company and sell franchises off of your business. Franchising is exciting, powerful and yep has the ability…
Creating Franchise Friendly Documents
May 25, 2018 by
The requirement when franchising your business is to have a set of documents that layout in a particular format your obligations and responsibilities to a franchisee. The reason behind having franchise documents is so that there is transparency of your franchising company and well-defined expectations. In order to meet regulatory requirements when creating such franchise…
Franchise Partner Why this is a Bad Word
May 9, 2018 by
Recently we had a conversation with someone who was very eager to franchise his business and said he wants to be more of a “franchise partner” with people who buy into his concept. This business owner was using the term “franchise partner” loosely. As you will see below his intent was in the right place,…
Where You Should Franchise Your Business
April 27, 2018 by
As you are thinking about franchising your business one of the questions you are more than likely to have is where you should franchise. You may be wondering when you first start franchising if you should stay within your city, your state or immediately go nationwide. The strategy of where you should franchise your business…
I Just Want Someone to Make a Franchise for Me No Scams
March 15, 2018 by
The internet, it can be a powerful tool to find answers and yet can easily bombard you with so much information it will make your head spin. If you are reading this article then more than likely you are seeking answers and a solution for someone to help you make a franchise for your business….
Why Franchise Systems Fail
February 27, 2018 by
Every year business owners take the leap into franchising. For many of these business owners franchising brings great success, however that is not always the case. Some of them are gone before you know it and this may leave you wondering what the hell happened. In our opinion, these businesses should have never been franchised…
Market and Sell Franchises Yourself
February 15, 2018 by
As you are thinking about franchising your business you may be under the impression that you need to hire someone (which may include franchise brokers or a new in-house sales person) to help you market and sell your franchises. Your head is spinning as you wonder how you will find such people (which when it…
Do I Need a Local Franchise Development Company?
February 1, 2018 by
Typically when you are looking to do business with a new company, the first place you start searching is in your own city or somewhere close to you and within your comfort zone. It’s not often that you are in need of a service where you have to look any further than your own local…
When Starting to Franchise You Don’t Need to Hire More People
January 15, 2018 by
When you think about starting to franchise, you may be under the impression that you will need to hire a team of people right away to handle all your franchise activity. You begin to worry about who you need to hire, how to hire, how much it will cost and how it will affect your…
Successful Franchising is Keeping Franchisees Engaged
December 13, 2017 by
You have been thinking about wanting to franchise your business. Besides the glory and the money you make, have you thought about what your job will be as a franchisor? One of your jobs as a franchisor is to keep your franchisees satisfied and engaged. So you might ask… when franchising, what are some of…
Why Franchise Out a Business?
November 30, 2017 by
The Franchise Maker works with business owners who are seeking to grow their business and help them determine if franchising is a wise path. So why would someone want to franchise out a business? As you are talking with someone who owns a business (or if you own a business) you may hear that person…
How the Cost of a Franchise is Determined
November 8, 2017 by
When thinking about franchising your business more than likely you have looked at your competition to determine what they are doing and the cost of a franchise with them. Recently we spoke with someone who had done just that. She said, “I am looking at my competitor and see the cost of their franchise is…
Franchising Companies That Claim to “Do It All” Including Sales
October 26, 2017 by
When you decide to take the plunge and franchise your business you are presented with many options for who to use to take you through this process. There are all kinds of franchising companies out there that claim they will franchise your business and “do it all” from development to marketing and even sales. While…
When Establishing a Franchise is it State Specific?
October 12, 2017 by
You built your business to franchise. Yep, you want to scale it nationwide, so what are some important things to know when establishing a franchise and how to make it effective nationwide. Franchising is regulated by the Federal Trade Commission in an effort to protect franchisees against fraud. This is why franchising is considered a…
Franchising and Providing Ongoing Value to Franchisees
September 29, 2017 by
Imagine for a moment you have completed the process to franchise your business and are now offering your business as a franchise nationwide. When you get to this point, it is time to start marketing, advertising and begin talking with interested applicants. It is exhilarating when you have been talking with an interested applicant and…
What’s Your End Game Franchising May Play a Role
September 6, 2017 by
Every business owner has an end game in mind. You started their business to be independent, remove any glass ceilings and to pursue your passion. At some point in your lifespan as a business owner your focus shifts from just making money to how to work less and make more money, ultimately leading to an end game (at…
Dangers of Franchising Your Business Too Soon
August 24, 2017 by
This might be hard to do, but imagine you are looking to buy into a franchise. You find something that looks promising and you buy into the concept. As a new franchisee your expectations are that you are buying into a program that is already figured out. You are under the impression that all you really have to do is learn all the…
Franchising Your Business and How it Will Affect Your Future
August 9, 2017 by
Does this sound like you? “I have been thinking about franchising my business but I want to have some idea how it will affect my future. I am concerned about giving up control, the people who will be operating my business and will I be able to succeed as a franchisor?” These questions are valid…
Are Franchisees Considered Employees?
July 26, 2017 by
We all know what franchising means. It sounds good right? Grow a business, have multiple locations, recognition, branding, etc. (learn more about franchising your business). But do you fully grasp what the franchising relationship is really about? What are franchisees, are they employees? Can a franchisor directly control a franchisee’s business? There are all kinds of misconceptions surrounding…
Key Points to Building a Successful Franchise
July 13, 2017 by
Your business is doing great, you now want to grow and know franchising is your path. You begin to wonder, “What does it take to build a franchise program?” Successful franchises are made up of a bunch of different elements that all lend to their success. Keep in mind franchising is not just about your business name…
Can My Business be Franchised if it Requires a License?
June 23, 2017 by
As you are thinking about franchising your business, you may be under the impression that you cannot franchise your business because operating it requires a special license. So you wonder, “Can my business be franchised?” Perhaps you are thinking that your industry is so specialized that franchising may not be applicable to your type of business….
Who is The Franchise Maker
June 9, 2017 by
If you are like most people you may think that franchising your business can seem scary, intimidating, costly and hard to obtain. Well enter The Franchise Maker, created by David Waldman in 2005 to dispel the myth that franchising is only for big companies, is not intimating if you have the right mentor and does…
Franchising is for Big Picture Thinkers
May 15, 2017 by
Yep, big picture thinkers are all around us. They are the entrepreneurs who are the driving force behind the great businesses you patronize. You probably interact with big picture thinkers every day or you consider yourself a big picture thinker. A big picture thinker may have already thought about franchising as a way to scale…
You Need More Than Documents to Franchise Your Business
April 26, 2017 by
Here you are thinking of franchising your business and you may be thinking that all you really need is a set of franchise documents and you are good to go. In fact you may be thinking that it is so simple you could really just take someone else’s franchise documents and copy them. We are here to tell you that…
Six Simple Things to Know About Franchising Your Business
April 6, 2017 by
Franchising has been around for decades, plays a big role in our economy and has made many businesses (and people) very successful. Whether franchising your business has always been your goal or you are just now thinking about it, it’s important to know what makes franchising successful. While every successful franchised business is different, they all share common aspects that…
Franchising a Business Means
March 28, 2017 by
While franchising a business provides numerous benefits and has the potential to catapult a business into mainstream society, depending on a person’s perspective franchising can mean different things for different people. For example franchising has a different meaning for a business owner (like you) compared to an entrepreneur who buys into a franchise. Regardless of perspective, franchising (and if franchising…
Franchise Development Services Let’s Clear the Smoke
March 14, 2017 by
It can sure get confusing when trying to franchise your business and learn about franchise development services. Over the years the term “franchise development” has become so confusing and convoluted that it can make anyone’s head spin. So many people and companies out there seem to have put their own twist on what franchise development…
A Couple Advantages of Franchising as a Strategy for Growth
February 28, 2017 by
Are you looking for ways to stand out and stay ahead of your competition? Franchising may be a strategy. Yep, that’s right franchising your business can actually help you beat your competition. How exactly does a franchising strategy actually work? Easy, let’s take a minute to explore it. Opportunity for Accelerated Growth Saturate the market….
How to Know if My Business is Franchisable?
February 14, 2017 by
From restaurants and retail stores to hotels and service-based businesses, franchises are everywhere. They are in almost every imaginable industry. So, how do you know if your business is franchisable? While some businesses seem to have an obvious potential for franchising, it’s not always so blatant. If you are like many business owners you have…
