Whether you are considering expansion of your business by franchising, have started to franchise your business or are an established franchisor, producing a Franchise Development Business Plan is essential. Not having such a document is like piloting an aircraft with no flightplan! An outline Franchise Development Business Plan will support your ideas for franchising and provide a clear idea of the infrastructure requirements that you will need to have in place before you bring on board new franchise owners.
Franchisors that have produced a Franchise Development Business Plan find that it helps them more than anything else to crystallise their thinking, so that they know exactly what they need to do on a week-by-week, month-by-month basis. Read more.