Franchise Checklist

Assess the feasibility of Franchising

    • Gather information
      • Attend Franchise Seminars & Webinars
      • Read books on franchising
      • Talk with a Franchise Analyst
      • Take a Franchisability Quiz
      • Looking at all of your growth options
        • Grow internally
        • Find investors
        • Franchise
          • Franchise
          • Business opportunity
          • Licensing
    • Gather information
      • Attend Franchise Seminars & Webinars
      • Read books on franchising
      • Talk with a Franchise Analyst
      • Take a Franchisability Quiz
      • Looking at all of your growth options
        • Grow internally
        • Find investors
        • Franchise
          • Franchise
          • Business opportunity
          • Licensing
  • Tour the Headquarters
  • Are the systems in which the consulting firm follows in developing your franchise program proven
    • In-House vs.
    • Outsourced
  • How many years has the firm been in business
  • Review their client list
  • Call references
    • What work did the consulting company do for referral
    • Why did they choose to work with consulting company
  • Is the work done in house by fulltime employees
  • Is it clear that the communication between the employees working on your program is free from barriers like:
    • Not working together
    • Having to work communicate via phone, instead of face to face
    • How many times a week do the employees see each other
    • Working at different locations
  • Is there a project manager to head up your project
  • Meet face to face with consultants at their place of business for advice
  • Talk with business advisors, close friends, and family
  • Evaluate your current resources for moving forward with franchising
    • Financial
    • People
    • “The heart” or Drive
  • Hiring a consultant and finding the right company
    • Do they have a proven business system
    • Go to place of business
  • Hiring a lawye
  • Do not make assumptions
  • Do not meet with a lawyer only
    • Legal documents do not drive the business
    • All lawyers claim to be franchise specialists
  • This is not easy to do if you have never franchised a business before
  • Developing a franchise company is much different than being a franchisee