If you are an entrepreneur and you have one, two or even three operations, why should you be thinking about franchising? There are many reasons, but here are the top 5:
1. I have a brand that I want to expand but lack the capital to do it by myself. Franchising provides you with the vehicle to expand using the capital of others, your franchisees.
2. I want to expand rapidly. Franchising provides you with the ability to grow faster than if you opened units on your own.
3. I donâ€™t have the human resources to open units on my own. As a franchisor, that is not your responsibility, it is the franchisee who has to staff each location, not the franchisor.