How To Franchise Your Business
The assumption that is made about a company when it decides to franchise its business is that it has a successful business model that can be replicated if it is documented correctly. In addition to that documentation, the company must understand franchising and the franchisor / franchisee relationship.
When you franchise a business you are franchising the “dynamics of the business,” and the “mechanics of the business.” These two, the dynamics and mechanics, will make up what is called your “Business Model.” It is the business model that will be institutionalized in your Franchise Operations Manuals, New Franchisee Training and Development Program. These Franchise Operations Manuals and Training Program will include the philosophies, business principles, mission, core values and vision [the dynamics], and the policies, processes, procedures and programs [the mechanics] of the Business Model.
Management 2000 has the experience and expertise to help you accomplish all the steps needed before you begin talking to your candidates about your franchise opportunity.
Our franchising process is as follows:
- Writing of Franchise Legal Documents
- Prepare a Franchise Business Plan & Financial Model
- Write Franchise Operations Manual(s)
- Write The Pre-Opening Manual
- Prepare a Franchise Training Program
- Prepare a Franchise Development System
- Prepare the Franchiser-Franchisee Relations / Field Consultant Manual & Training
We have a full process to develop a new franchise. Read the full article for more information:
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Extremely beneficial. All executives of a franchise company should participate in this seminar! Very insightful into the interactions between franchisees and the franchisor. This was very good. Tough part will be successfully implementing what I’ve learned.
Dewayne Ivy &
Ross Marchand,
Safeguard Franchise Systems
It challenges “the way we have always done things”. Every time I come, I learn more. This is my 3 rd Seminar with M2000 & I would recommend it to anyone.
Reggie White,
Dunkin’ Donuts
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American Poolplayers - Big O Tires - Brinker International - CCA Global Partners - Diet Centers - Donatos Pizza - Dwyer Group - Express Personnel - Fox Energy Specialists - Good Neighbor Pharmacy - Liberty Tax Development - Link Staffing - Moran Industries - Physician's Weight Loss - Planet Beach Franchising - PrideStaff - RainSoft - Rib Crib - Sarpinos Pizzeria - Slumberland - The Entrepreneur's Source - Toni&Guy - Tropical Smoothie Cafe - Village Communities