Tips For Franchising Your Small Business

Does your small business have a proven track record of success standing on its own? Do you feel like it would do just as well in different territories? If the nature of your business is one that can easily be duplicated and carried out elsewhere, then franchising may be the perfect solution in order to expand and take your business to the next level.

In order to effectively turn your small business into a franchise, there are a multitude of decisions that must be made, several groups of people that must be met with, and most of all, a laundry list of questions that need to be asked and answered. So what's the best place to start? The following are a few tips that you should keep in mind if you're on your way to franchising your small business:

  1. Organize Yourself: The best place to start is by organizing everything on your end. What are your goals? Where would you like to expand to? How much money are you looking to invest? From there, make sure that all aspects of your small business are organized too; do you have a marketing plan in place? What is your training program like? Staying organized and keeping things consistent across the board will make it much easier to make decisions and open new locations in the future.
  2. Find an Attorney: Franchising your business is a serious matter in more ways than one, which is why it's so important to seek legal advice throughout the entire process. Before making any executive decisions, be sure to speak with an attorney to outline all of the legalities that come with franchising a business.
  3. Choose Locations Wisely: While your first thought is probably to seek real estate in populated cities, you have to understand that your business may not be situated for that demographic of people. When choosing your locations, consider the type of business you own and where your products and services are needed the most.
  4. Get Involved: Lastly, the best thing you can do when franchising your small business is to be involved with your franchisees. Regardless of whether you visit them in person, email them on a weekly basis or speak to them over the phone, communication is key for success. Although franchises are independently owned businesses, you all share one common goal, and that's to make a name for your business in a way that people will remember.

Are you interested in the world of franchising but don't have your own small business to work with? Consider becoming a bluefrog Plumbing + Drain® franchise partner! Launched in 2014, we are looking for new franchisees just like you! For more information on our franchising opportunities, please give us a call at 888-490-9850.

Do You Currently

Own A Plumbing Business?

Find out what prevents most plumbing companies from growing into a profitable fleet of service vehicles.

What You Need To Know Webinar Image

Ready to Learn More About Joining the Frog Army?

We have more information we would like to share with you, request more information below!

Hop to it! ®