The phrase “I’m thinking of franchising once I get out of Start-Up Mode” seems to be a common remark we hear during our digital marketing strategy sessions. There seems to be this thinking amongst new business owners that franchising is where the “Real Money” is made.
If you are a business owner here to find information on whether your business should franchise, this may help…
Having been around franchising for over 15 years I am safe to say there is much more to franchising a business than what many of these new business owners realize.
For those business seriously focusing on franchising I immediately insist before they continue in that direction they contact a good Franchise Attorney to get a balance of information on the good and bad things about franchising.
Granted, franchising is a good way to enhance a business’ revenue horizons. However, not every business or business model is franchisable
I have written previously on Getting Help With Franchising and outlined the myths about franchised that was provided to me by the best franchise attorney I know.
Myth #1 Franchises offer a better chance for success than starting your business on your own.
Myth #2 Franchisors know more than you do about running a business.
Myth #3 A franchise business has been tested and proven successful or it can’t be franchised.
Myth #4 A trademark gives your business extra strength in the market and a better ability to compete.
Myth #5 You don’t have to work as hard to start and run a franchise as you do an independent business
Hopefully, this will help you determine if your are really ready to Franchise.
Let me know if I can help.
This article is my opinion based on my professional experience and is not a Paid-For article,