Turning Your Successful Business into a Franchise

If you are a small business owner thinking about expanding your business through franchising, you will have to answer the quintessential question--Should I franchise? Franchising is a huge jump for business owners and not without its risks. If you only have one or two stores now, then that is a sure sign you are not yet ready to franchise. But if you have multiple locations and want to expand exponentially, get ready to dig in for the long haul, and review this quick checklist to find out if you are a good candidate for becoming a franchisor.
We have compiled The Potential Franchisor's Quick Checklist

1. How Strong is Your Budget?
2. How Efficient is Your Business?
3. Have You Done Your Homework?
4. Do You Have a Niche?
5. Are You Willing to Work?
6. Are You Willing to Listen?

Read the full article: Turning Your Successful Business into a Franchise

Posted in: Business Opportunities