How to Structure a Franchise
January 31, 2019 by
If you are like most business owners the idea of expanding your business is one of your dreams. Perhaps you have decided your path for expansion is franchising and you wonder how to structure a franchise for your business. You have researched on the internet and realize there are a lot of moving pieces and…
Franchise Development, It’s Fun and Exciting
January 13, 2008 by
I just met with one of our newest clients who flew in from Denver, Colorado. Its funny how comfortable we were with each other from the minute we met. These guys own a successful and very unique gym in Colorado as we have been working with them for about a month. I picked them up…
Is Franchising For Control Freaks?
March 16, 2015 by
We all probably know someone who can be described as a “control freak”. Control freaks are typically people who need to manage every part of what is going on around them. For example, a parent who wants to know if a child has finished their assigned homework is not a control freak. However, a parent…
A Custom Approach to Franchising Your Business
November 11, 2016 by
Recently we were talking with one of our clients and he brought up in conversation that he decided to use The Franchise Maker to franchise his business because he saw right away that we offer more of a tailored and custom approach. So what does a “more tailored and custom approach to franchising your business”…
Becoming a Franchisor Means Always Being Involved!
June 8, 2013 by
You have worked hard to grow your business to where it is today. Now you are eager to take the next step of becoming a franchisor but you are a bit apprehensive. It is exciting yet nerve-racking at the same time! At The Franchise Maker, we talk with business owners every day. We will help…
Tips for Franchising Your Business
October 5, 2010 by
The idea of franchising your business is very exciting and with the new year ahead, now is a good time for business ‘clean up’ in preparation for franchising. Here are a few tips how: Organize Your Systems Take some time to refine and organize those processes and systems that make up your business, especially those…
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…
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…
What Is a Franchise Discovery Day?
February 12, 2016 by
Let’s take a moment and look into your future. You have just spent the last few months working to complete your franchise development program. You are now offering franchises nationwide. This is a very exciting time for you as a new franchisor! As you are talking with applicants more than likely you have a few…
When Franchising Get Ready To Advertise and Entertain!
November 17, 2014 by
Let’s paint a picture of what you can expect your new role to be as a “franchisor” when you franchise your business. Exciting times indeed! You have just spent a few months with us to structure and put together your franchise package. Now it is time to tell the world and finally get back to all those…
Franchising is NOT a Parent Child Relationship
July 18, 2008 by
Let’s clear the air about what the franchise relationship really is about and if when franchising you are in a sense managing children. When contemplating whether or not to franchise your business you may be thinking that if you franchise you are entering into a parent child relationship. Well that is dead wrong! Perception Change…
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…
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…
Franchising is About a LITTLE of a LOT, Rather Than a LOT of a LITTLE!
August 30, 2014 by
As a business owner, you are on a continual search for ways to improve your bottom line (i.e., increase sales, increase profits, reduce costs, etc.). When the idea of duplicating your business and adding locations enters the equation, more than likely you look at the numbers and try to make a determination as to whether…
Low Franchise Development Fees
May 27, 2016 by
The Franchise Maker was born out of our President’s passion to help business owners get to another level of growth through franchising by making the process easy and franchise development fees affordable. Prior to starting The Franchise Maker in 2005, Dave Waldman (our President) came from the franchise industry and had worked with some very…
How Much Time to Franchise a Business?
April 15, 2016 by
Time is valuable and as you are considering franchising your business more than likely two of your main concerns are: how long it will take to franchise my business and how much time is required to complete the process. You’re probably worried that the process to franchise seems so complex that it could take years to…
Do My Franchise Businesses Have to be Exactly Like My Current Business
April 23, 2019 by
There are many benefits when franchising your business besides the ability to grow quicker than you could on your own and bringing together a culture of like-minded individuals all running the same type of business and working toward the same goals. Franchising provides operational consistency between each new business (more on benefits when franchising your…
Things You Should Know About Advertising For Franchisees
April 4, 2009 by
The whole idea of franchising your business is to award franchises, right? This means advertising for franchisees. Franchising is a steady and healthy industry that has proven to weather any economic storm. Especially now, when the economy experiences a downturn or in a recession (as history has shown) entrepreneurs come out of the woodwork purchasing…
What Are the Requirements to Franchise a Business
June 2, 2015 by
There really is a ton of information floating around out there about franchising your business. Some information is misleading, confusing and focuses more on selling franchises than actual substance about franchising. Other information you find may only give partial facts. The Franchise Maker has helped business owners evaluate franchise readiness for decades across a wide…
Facts About Franchising You May Find Helpful
May 8, 2012 by
Help to influence growth for yourself and others in a BIG way. Franchising can be confusing and for some they may think that franchising only applies to restaurants (which is not the case). We’ve put together some facts about franchising that you might find helpful. So as you are thinking about expanding OR when you…
Do I Need To Register My Franchise In All States?
August 4, 2013 by
When you look into franchising your business, needless to say, you will find that there are A LOT of details to the franchising process. There is tons of information (and misinformation) about franchising on the Internet making it easy to get overwhelmed. And then you read somewhere that as a franchisor, I will need to register…
Why Franchising a Company is the Least Expensive Option for Growth
May 3, 2011 by
There are times when the best way to GROW a business is to add a new location or two. And if money isn’t an issue, then opening additional company-owned locations would be the best method of expansion for most businesses (read about the differences between company-owned growth and franchising). But it can get really expensive!…
What to Do, Open More Locations or Franchise?
October 20, 2011 by
The dilemma: You have said to yourself that you are ready to take your business to the next level. You are being asked all the time if you have other locations. It is time for expansion but you’re not quite sure how to do it. So what is the best growth strategy for your business?…
Financial Performance Representations vs Audited Financial Statements
January 30, 2020 by
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…
You Want to Start Franchising, Can You Sell Them
April 15, 2008 by
All along you have thought about franchising your business. You have thought, how neat it would be to “brand my business” and offer franchises “nationwide”. Perhaps you have had interest by a customer (or two) asking if they can own one of your business models. On top of all that, your local business is growing…
Our Competitors In Major Trouble
October 2, 2008 by
I cannot stress enough how important it is to investigate the franchise development company you are thinking of using when franchising. It is very disturbing to uncover that some of The Franchise Maker’s competitors are facing serious litigation, tax fraud and are under investigation for deceptive practices. Yes this is all so true. Some of…
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…
Is My Business Too Simple For Franchising?
April 17, 2015 by
You have worked hard to simplify and streamline your business and for selfish reasons, which was to make your business easy to run. All of which is very smart. We recently spoke with a business owner who had done exactly that and was considering franchising her business. She shared a concern with us that she…
What is the Major Difference Between Franchising and Licensing?
September 14, 2009 by
We would like to take a minute to answer a very common question often asked: “What is the difference between franchising and licensing?” Bottom line is it boils down to control. It really depends on how much control you want to have over your operators. Traditionally a business owner (like you) wants everybody to operate under…
Difference between Updating and Renewing Franchise Documents
April 12, 2018 by
When it comes to the topic of franchising you may be aware that before you can start selling franchises you need a set of franchise documents. These franchise documents are required by the Federal Trade Commission (“FTC”), prepared according to their guidelines and approved before you can offer franchises. Your franchise documents must be put…