So Do You…Have What It Takes to Franchise?
Well there are a number of factors to consider and these "franchise assessment factors" revolve around your existing business‚ the success that you have had‚ the brand that you are building and the operational systems that‚ so far‚ have contributed to your success. Some factors to consider‚ include:
- The Success Question: Whether or Not Your Business Has a Successful Track Record;
- The Profitability Question: Whether or not your business model will be profitable for future franchisees;
- The Training Question: Whether or not your franchisees can be successfully trained; and
- The What Are You Doing and Whay Are You Doing It Question: Whether or not your business offers a "unique selling proposition".
If You Are Serious About Expanding Your Business Through Franchising Then Learn More
In our multi-part article about how to franchise your business‚ learn more (alot more) about these franchise assessment questions‚ factors that you should be considering and what franchising is really about.