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Does Making a Franchise and Franchise Sales Go Hand in Hand

When looking to franchise your business you might wonder if making a franchise and franchise sales go hand in hand. There is a lot of confusion floating around out there about what it takes to make a franchise compared to what it takes to sell a franchise.  We would like to take a few minutes…

How to Franchise a Service Business

If you are like most service businesses you not only survived but thrived during the pandemic. Now perhaps you are looking at the future and wondering what is the next step. You have been super busy performing services and managing your employees, but the demand for what you do is relentless. You know that you…

How to Research Companies That Do Franchising

You are serious about wanting to franchise your business and so you start doing your research on companies that do franchising. You are not sure who to trust or what to believe. There are so many companies that you come across that offer franchise development in addition to a potpourri of other services. You are…

Financial Performance Representations vs Audited Financial Statements

The franchise development process makes mention of two financial concepts: Audited Financial Statements and Financial Performance Representations. Often times these two topics lead to confusion. Audited Financial Statements and Financial Performance Representations are two different things. Let’s start off with a definition of each. Audited Financial Statements Audited Financial Statements are statements that are prepared…

How Much Money Can I Make Franchising My Business

When thinking about franchising your business you probably have lots of questions. One question we sometimes get when talking with people about franchising is, “How much money I can make franchising?” Let’s tackle this now. Is It Possible? The bottom line is that it is not possible to accurately answer this question. There are so many…

Things to Do Before Franchising Your Idea

You are super excited because you have a great idea for a business. You believe that your idea is revolutionary and may even be a paradigm shift. You have researched your idea and realize it is something no one else has ever thought of doing. Maybe your idea came to you while you were driving,…