Finding Locations for Franchisees

When franchising your business, if your business model requires that it operate out of a storefront or an office space; it is expected that you help your future franchisees find a location. You may ask, “Am I the one responsible to find locations for franchisees?” Finding locations can be tricky, time consuming and emotionally charged….

Does it Make Sense to Franchise Because My Name is Gold

So you have a business with a really clever name and as a result you have customers and/or clients who approach you and say, “this has to be a franchise because the name is gold!” And with many franchised businesses out there with a clever name attached, this is not an uncommon misconception. Your customers…

Creating Franchise Friendly Documents

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

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,…

How the Cost of a Franchise is Determined

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…

How to Franchise Your Business? Uncovering the Truth About Franchising

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). It never fails to amaze us when we hear about some things people find when researching companies that claim to do franchise development. We figured we would share just some…