If you have a successful business and have determined that it is “franchise-able,” meaning you have evaluated its potential and found that it can in fact be duplicated well and offer beneficial returns as a franchise, these are the next steps to take:
1. Develop a business plan
2. Devise an operations manual
3. Create training programs
4. Contract a franchise agreement (FDD)
5. Develop a marketing plan
6. Produce marketing tools
7. Undergo franchise sales training
The whole process can be completed in six months to a year depending on the concept and state registrations. For more information on franchising a business and franchising basics click here.
Franchise Solutions is an online lead generator to hundreds of franchisors worldwide. Since 1993, our mission has been to help clients exceed their development goals and expand their businesses. Our network of targeted online properties delivers a diverse reach to the industry, connecting advertisers with serious buyers.
This article was originally published by Franchise Solutions