Franchise Checklist

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  • 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
  • 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 lawyer

  • 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

At vero eos et accusamus et iusto odio digni goikussimos ducimus qui to bonfo blanditiis praese. Ntium voluum deleniti atque.

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