How does Franchising work?
The road to successful franchise system development is actually simpler than you may think! We’re here to help you understand what the road ahead may look like, and some of the key milestones you’ll make your way through in order to take your business from one, to many!
1. Assesment
The first stage of any good franchise development process begins with a thorough assessment of your business and its overall viability as a franchise model. We'll help you asses things like your financials, operation, staffing and supply chains.
2. Refinement
Once your business is deemed "franchise-able", you'll be guided on how to refine or adjust certain processes in order to allow your business to be multiplied and scaled with ease and in a viable sustainable way.
3. Resources
You'll then spend some time translating all of your processes and procedures into clear and easy to use documentation that will allow new franchisee's to easily replicate your business model, and make sure everything is legal and safe!
4. Reach
Next step is all about reaching the right people in order to build your network of potential franchisee's. This includes learning how to market your brand, introduction to networks and training on pitching your franchise.
5. Expansion
Once your business is out there in the market place, you may still want help in making sure you keep growing, building and pushing the boundaries of what your business is capable of! Lets just say - at this point, the sky is the limit!
