So, you have a pretty darn successful business going. And you want to get it to the next level.
One way to get your business really rocking and rolling is to get some help developing it into a franchise business.
If that’s a consideration of yours, may I make a gentle suggestion?
You better make it sing!
I tried to make my point in this questionable post.
Recently, one of the writers over at the Small Business Administration’s website wrote a very useful post titled, “Six Things to Consider Before You Franchise Your Business.” Here’s four of them;
- Can your business benefit from strength in numbers and the power of its brand?
- Is your business well equipped to transfer it’s know-how to new business investors? Think about your business model, is it proven and time-tested?
- Can your operations be duplicated?
- Are you well organized?
There are two more things to consider before you make the decision on whether or not to become a franchisor. Read Sarah’s article. It’s located in the Community area of SBA.gov
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