What Do I Need to Turn My Business Into A Franchise Chain?

If you have a working business model that is suitable for franchising, the main things you will need are:

An Operating Manual – laying out all the know-how on offer as well as the procedures necessary to implement it

A Registered Brand – as well as a visual identity fine-tuned in line with the different channels of marketing communications

A Contract with Franchisees – in order to establish the rights and responsibilities of everyone along the line. You would do well to prepare a non-disclosure contract template too.

Franchising means multiplying the effect of your success. You must be able to demonstrate your success through a working pilot project – a working model of the business you are offering. You will also need to provide ongoing support and training as well as the amount of franchising tax. You must make sure that you have picked the right strategy for control of the business (software, video surveillance, anonymous buyers etc) If you have all that, all you need is to announce yourself to the world and start selecting suitable franchisees. Franchisopedia.com can assist you at every turn in the development of your franchise.