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Franchising Checklist: Is Your Business Ready?
  1. 1. Assess the feasibility of Franchising
  2. 2. Meet with a Franchise Consultant
  3. 3. Do you really want to franchise
    • Meet face to face with consultants at their place of business for advice
    • Talk with business advisors, close friends, and family
    • Evaluate your current resources for moving forward with franchising
      • Financial
      • People
      • “The heart” or Drive
  4. 4. Moving forward with franchising
  5. 5. Mistakes to avoid while looking at franchising
    • Do not make assumptions
    • Do not meet with a lawyer only
      • Legal documents do not drive the business
      • All lawyers claim to be franchise specialists
    • This is not easy to do if you have never franchised a business before
    • Developing a franchise company is much different than being a franchisee