Hotline: +91-991 5466 777
Hotline: +91-991 5466 777

How To Franchise ?

How To Franchise ?

Offer proper training programs which can help create quality control and build on the standards you have built for your brand. Many questions come to mind. The initial franchise locations should be closer to your home or current business so you can access your site and inspect the locations from time to time. The franchisee agreement must contain all details about the length of the agreement and its renewability. 

You can approach local investors and seek advice but there are always some questions that pop up in your mind.

  • Financial Stability
  • Credibility of the brand
  • Future Plans
  • Training
  • Marketing
  • Legalities

How To Franchise My Business?

Choose The Right Locations -: Choosing the right locations with access to an airport or a mode of transport can help a lot. The willingness of a franchisor, technical support offered to the franchisee, franchise contract offered, support in site selection and many other parameters are involved in a franchise process. Keeping in touch with them over the phone and via skype is very important. Find a way to manage your logistics easily.

Support your Franchisees -: You need to be in constant touch with your franchisee including one on one interaction with them. But you have to be ready for change and finding the right franchisee plays a key role in calming down all this chaos.

Learn The Legal Requirements -: Prepare your Financial Disclosure Document and register it with the Federal Trade Commission. If a brand that has been in the market for close to 2-4 years is generally considered the right time for it to franchise. An FDD consists of a wide range of information including audited financial statements, an operating manual, training details and description of the management team`s business experience. From creating the perfect business model to lead generation, Franchising Time is a one stop solution for all your franchising needs.

Evaluate If Your Business Is Ready -: As a franchisor, you must analyze whether your business is ready to be franchised. Check your financial credibility and try to replicate the same principal that has helped you achieve success thus far. Celebrating victories together and bonding as a team goes a long way. For budding entrepreneurs entering the franchise business appears to be an uphill battle. Franchisors can sign up on franchisingtime.com and avail our franchise consultancy and marketing services. Your goals need to be aligned as you are adjoining your brand logo with a prospect investor. Franchising your business is one of the best ways to expand your monetary resources. You can approach local investors and seek advice but there are always some questions that pop up in your mind.