Franchising your business could be a fantastic way to take your business model from a standalone operation to a regional or even national level. But this is no overnight conversion – there is a lot of thought, planning and preparation that must go into the decision to franchise. Franchising expert Kay Ainsley, managing director at MSA Worldwide, helps shed some light on the process.
IS MY COMPANY FIT FOR FRANCHISING?
Anyone can legally franchise a business. That said, not everyone should franchise. So how do you know if your business has what it takes? Start out by giving your company an honest-to-goodness eligibility assessment based on a few basic criteria.
You’ve been in business for a full year. Continue reading.