The Importance of Franchise Training
December 27, 2014 by
Imagine that you are now franchising your business and have flawlessly vetted applicants and as a result have awarded franchises! Congratulations! Whether this is your first franchisee or your 50th, the next phase in your franchising is training your new franchisees. Your initial franchise training program will really lay the foundation to help launch your…
Turn Your Business Into a Franchise with Expert Guidance
August 23, 2011 by
You’ve decided to turn your business into a franchise. After doing some research to figure out how to franchise your business, you decide to “do it yourself”. You figure may be able to find or buy a template for the Franchise Disclosure Document (FDD) and knock it out. Seems simple, right? Perhaps you can find…
Is It Risky To Franchise Your Business?
March 10, 2016 by
No doubt risk is scary. However, if you are like most business owners the risks you have taken so far have made you stronger. In our experience, there is no such thing as a business owner that does not take risks. While some risks are a “sure bet” most of the time they are unpredictable….
What Makes a Business a Franchise?
September 19, 2026 by
Quick Answer: A franchise is more than another business using your name. Generally, a franchise relationship involves allowing someone to operate a business using your name, where you provide significant assistance and have significant control over how someone (a franchisee) operates your business and is characterized by you receiving ongoing payments as compensation. By franchising…
Do I Need All Parts of The Franchise Maker Process?
June 30, 2016 by
Yep, the process to franchise your business can be a bit intimidating, complicated and overwhelming so we are here to make it easy for you. Our franchise development program provides you with all of the different pieces and professionals necessary in order for you to start offering franchises nationwide. Now you may be asking yourself,…
Expanding Your Business, What are Your Options?
June 6, 2019 by
You are thinking about expanding your business but don’t want to do it all on your own. You begin to realize that when it comes to expansion you have several options for growth outside of opening more locations yourself. It really depends on your goals and what you want out of your relationship with your…
Say No to Long Term Commitments When Franchising Your Business
July 26, 2019 by
It can get confusing when seeking out a company to help you franchise your business. You are bound to come across some companies that claim to want to be in the relationship with you for the long-haul. In other words, these companies are asking for long term commitments when franchising your business with them. Wait…
What is the Process to Franchise My Own Business?
January 30, 2020 by
You have worked hard to start your business, build a name for yourself and provide a level of service that keeps people coming back. Your business has become increasingly popular and people are seeking you out to experience what you have created. What a great place to be but let’s face it, this all has…
Franchising is NOT Such a Big Mystery!
March 15, 2011 by
So you are doing your research and you think that franchising might be the direction you’d like to take your business. But nobody is giving you answers and explaining what is involved. You don’t understand what you need to do! NO WORRIES! We’re going to take away the cloud of mystery and cover the basic…
How Can I Franchise a Product
December 27, 2018 by
It may be quite often that you run across someone who says to you they have invented a really neat product (for example maybe this person invented a new hybrid-type of coffee bean infused with tequila) and it comes out in conversation that they want to franchise it. But is a product (in this example…
Franchising Helping You and Your Employees
March 25, 2015 by
Chances are that when you started your business, it was pretty small. Perhaps it was just you and maybe a couple of employees. As your business grew, so did your employee headcount. While some of those original employees have stuck around, others have moved on to different paths. As a business owner with a growing,…
What is the Role of Patents in Franchising?
August 12, 2016 by
The other day we talked with a business owner whose business was centered around a unique product that she created. She had a dilemma. She wanted to patent her “widget” AND she wanted to franchise her business, but she didn’t know which one to do first! Let’s discuss the role of patents in franchising. What…
Franchise Me Before Someone Else Beats Me to It
February 28, 2019 by
Are you in a rush to get your business franchised? Franchising has always been on your mind. Maybe it is something that you thought was a pipe dream, however now your circumstances have changed and you feel that you just need to get it done. Perhaps the reason for the sense of urgency is someone…
Who Are Franchise Brokers?
February 2, 2010 by
In the franchise space you will come across a variety of different terms and it can get very confusing very fast. Before you know it, your head is spinning and now you are even more confused than when you started. One of these terms is “franchise broker”. So who are they and what do they…
How Do I Make Money Franchising My Business?
July 15, 2014 by
Your business is ready to grow and you believe it is time to step it up a notch. Maybe it is time to think about franchising your business as a growth strategy rather than investing more money in opening additional locations or starting additional businesses. As a business owner, you understand how to make money…
The Benefits of Franchising and The Affordable Health Care Act
March 22, 2014 by
If I franchise my business do I need to be worried about the Affordable Health Care Act? This is a GREAT question! As you follow current events, there is always coverage of The Affordable Care Act, its enrollment numbers and, of course, its pros and cons. Most of the updates are directed towards individuals, though…
Franchising is Regulated to Keep You Honest
August 21, 2018 by
Any change you make, every move you make, they will be watching you. Sound like a song? Well it is, but we are referring to franchising, specifically if you choose to franchise your business and what it will look like in the future because franchising is regulated. That’s right, it doesn’t stop just because you…
The Glory of Franchising
August 29, 2019 by
Imagine for a moment that you have franchised your business. You have gone through our entire franchise development process and just got the news from Dave (our President) that you are approved to start offering franchises nationwide. You can’t believe how quick and smooth it was to get to this point. However we are here…
Finding Franchise Locations: We Make it Easy for You
June 15, 2011 by
Imagine your franchise development is done and you are now ready to start awarding franchises. You have worked hard to franchise your business. You are now getting inquiries about your franchise from all over. You’re talking with applicants and bringing on some of these applicants as franchisees (see more about awarding franchises). In the future,…
The Difference Between The Franchise Maker and a Franchise Attorney
December 13, 2011 by
When researching how to franchise your business, it quickly becomes confusing and overwhelming. Not to mention, you have franchise sales brokers calling themselves “consultants” or “advisors” and recently calling themselves “franchise developers”, trying to offer franchise development services (see our article titled, “Know the Difference Between a Franchise Advisor, Consultant & Broker”). After the smoke…
Is Franchising My Business Really Worth It?
September 23, 2015 by
If you’re like many business owners, you work hard every day to keep your business growing, to ensure that your clients or customers are happy and keep your employees motivated (if you have them). By the end of the day, you feel really good about what you have accomplished, yet you are still longing for…
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…
Uncovering the Truth About Franchising Your Business
March 25, 2016 by
Warning! When it comes to franchising there seems to be a lot of deceitfulness, games and gimmicks out there (see our President’s full warning message about franchising your business). It never fails to amaze us when we hear about some things people find when researching companies that claim to do franchise development. Hard to Believe…
Know What to Expect When You Start Franchising Your Business
November 16, 2010 by
Let’s take a journey. Imagine for a minute that you made the decision to start franchising your business and went through the franchise development process. You are now in a position to offer franchise opportunities nationwide (very exciting)! At this point your number one priority is to ADVERTISE. You quickly begin to realize that the…
Write Yourself Into Franchising Success
February 15, 2011 by
As you begin your journey into franchising, you’ll likely be faced with many new and perplexing challenges. The Franchise Maker will help you with many of them, and we will suggest avenues for you to pursue to heighten your chances of being successful. That being said, you might wonder why writing would be of concern…
What is the True Definition of a Franchise? What You Need to Know
July 29, 2010 by
At some point, every business owner says “I would like to franchise my business” and begins to entertain the idea of franchising. The simple truth is that any business and any idea can be franchised. Legally, all that is required of a business in order to franchise is the completion and filing of the proper…
Franchise Documents: Can I Just Switch Out My Name?
March 10, 2015 by
Recently, a business owner contacted us about how to franchise his business and revealed that he had obtained his competitor’s franchise documents (though he didn’t say how). He had a question he wanted to ask about “copying your competitor” and simply switching out name in the franchise documents. Here’s how the conversation started out: “I…
Franchising: A Down Economy Helps
July 12, 2008 by
Yep, you read the title correctly. Some of you may ask: “What is he saying, franchising while the economy is experiencing a downturn is good news for the franchise industry?” Actually, that is exactly what I am saying. During the last economic downturn, the growth in franchise systems was strong. The reason is because franchising…
How to Duplicate Your Business
August 21, 2018 by
The whole idea of duplication is most business owners’ dream. And if you are like most business owners you are constantly wondering what is the best way to duplicate your business. Conceptually duplication sounds easy, but in reality it may not be as easy as it seems. The easiest path to duplicate your business (where…
Franchising Revenue Recognition Rules
August 21, 2018 by
The Financial Accounting Standards Board (“FASB”) sets the standards for what is known as “GAAP” which stands for generally accepted accounting principles. You may or may not be aware that the FASB has set new revenue recognition standards that will go into effect for private companies in just a couple of months which is January…