
So how do I begin turning my business into a franchise?
For your best chance at running a successful franchise business, you should hire a franchise consultant. A franchise consultant can help you perfect your plan to expand your successful business model. Franchise consultants know the ropes of the franchise industry, including what will work and what probably won't. They can save you time and money by preventing common franchise mistakes.
Next, you should hire a franchise lawyer. There will be a number of legal/business documents which you will have to understand, prepare and/or sign. This includes the the Franchise Disclosure Document (FDD), Franchise Agreement, and other essential franchise documents. A franchise lawyer can help you come up with the formula to successfully convert your business into a franchise. Also bear in mind that your plans must follow FTC regulations. Your franchise lawyer can ensure your accordance with these rules.
Most importantly, when beginning to sell franchises, you will have to change your mind-set. You will no longer be the sole-proprietor of an independent business. Instead, you will be the CEO of a national franchise company. Your job will be to market, sell, manage, and maintain various franchises. Your time will be divided between marketing activities, investor meetings, promotional events, etc...You will have to manage various tasks and be on top of any problems.
How can a franchise lawyer help me?
A franchise lawyer can guide you through the franchise process. They can advise you on the necessary steps to get your franchise off the ground and assist with any legal issues that occur along the way. A franchise lawyer can help you with:
If you are an entrepreneur who is interested in converting your business into a franchise, there is a lot you will need to know. For a limited time, get our complimentary book on franchising your business, "The Franchise Formula: A Guide for Franchising your Business in the New Economy". Offering expert help in New York, New Jersey and nationwide, business and franchise attorney Charles N. Internicola is ready to answer your questions about franchise, national and international trademarks, and any critical business matters that may arise. Contact us today - 1-800-976-4904


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