Five Attributes of Great Franchise Systems In our previous article we discussed how to become a franchisor, all that’s required is a Franchise Disclosure Document and someone willing to invest in your opportunity. That is not a high or difficult hurdle. This article, second in this series, examines the five attributes of great franchise systems….
(A cynical view of becoming a franchisor) It may surprise you to learn there are only a few legal requirements to franchise your business. All you need is a federally required disclosure document. You don’t need a lawyer to complete it – and you can even find sample disclosure documents online for free. You can…
Development of your legal agreements is one of the last elements of developing a successful franchising strategy. Your FDD and Franchise Agreement should only be developed after a feasibility analysis and strategic plan.
Your goal is to ensure that your franchise system has the ability to consistently and sustainably replicate your brand standards from location to location.
We would like to thank Global Franchise Magazine for naming MSA Worldwide the 2023 Best Franchise Consultancy, for the second year in a row. We would also like to thank our clients, who trust in us and give us the opportunity to contribute to their continuing success.
The better prepared and positioned a company is to expand through franchising, the better the chance of establishing a solid network of franchisees and protecting the brand.
Franchising your business can be a very successful method for expansion if you take your time and do it properly. Here’s an overview of the steps involved and typical timeline.
Before you engage with a franchise consultant, here are four qualifying questions that we suggest you ask.
The criteria used in determining franchisability should be appropriate for your industry and business, and will generally fall into these interrelated and interdependent major buckets.
In Part Three of the Threshold Analysis, we’ll cover the different classes of franchisees and how to determine which class or classes you should be focusing on as you conduct your analysis.
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