To Franchise or Not to Franchise?
The decision to franchise your business is not easy and is not for everyone. It entails a huge shift in the nature of your day-to-day business operations and your thinking as a business owner. How do you know if it is right for you? We have been helping business owners for decades understand the various methods of business expansion, including launching a franchise system, and we will help you make an informed decision.
If we feel that you should franchise your business, we will develop the legal documents for compliance with federal and state regulations and will work with you as your business expands and matures. We can refer you to resources we have worked with in the past who can assist you with developing the business aspects of your franchise, as well as resources for your franchisees once you are established.
Scalability through Franchising
Franchising is one of the best, if not the best, ways to scale an existing successful business model. You take your hard-earned experience (successes and mistakes) and create a business framework to teach new business owners how to duplicate what you have done. Franchising enables you to share in their success while protecting your downside risk if they are not successful. We have launched dozens of brands over the years and welcome the opportunity to turn your dream of building a franchise system into a reality.
Protecting Your Intellectual Property
A key component of building a strong franchise system is protecting your intellectual property. Your intellectual property includes your brand, trademarks, systems, know-how and network of suppliers. This is the heart of any system and must be protected, nurtured and grown as your system grows.
Maybe Now is Not the Time
Not all businesses are ideal candidates for franchising, and many that are good candidates will franchise prematurely, which can be equally disastrous. We would rather earn your trust by telling you now is not the time, then lead you down an expensive and perilous journey prematurely. Call us today at 215-525-1165 for a free initial consultation to discuss if you should franchise your business.