Franchising a Product

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…

Dangers of Franchising Your Business Too Soon

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…

Key Points to Building a Successful Franchise

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 successful 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…

Myth – People Buy a Franchise Just for the Name

“Is the reason why people buy a franchise just for the franchise name?” We get asked this question quite often. And given that there are many established franchise names that over time have become branded in the world, it can seem daunting if you are wanting to franchise your business and realize that no one…

How to Know if Franchising Makes Sense for Your Business

As you contemplate how to grow your business you may be asking should you franchise your business. It is important to assess what your business really has to offer and will continue to offer someone long after you train them and before you go down the franchising path. Let’s visit a few key elements about your…

Is My Business Too Simple For Franchising?

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…