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:
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.
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
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.
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.