Individuals looking to franchise their business should start the process by building a realistic financial model. This article provides a blueprint for franchising a business with an emphasis on the importance of using a realistic and conservative financial model.
Each day untold business owners consider the possibility of converting their business to a franchise. The benefits of franchising can be rewarding for business owners that seek growth and increased profitability. However, there is that all important caveat: The business must have the attributes to successfully operate as a franchise. There are important questions to consider when considering franchising. Here are a few of the more important ones: