When Is The Right Time To Franchise

March 23, 2012 - PRLog -- As business owners, we are constantly thinking about expansion but never want to spread our resources too thin.  Is now the time to expand?  The decision to franchise stems from a businesses need to stay competitive and service a growing market.  Businesses can franchise when they have been up and running for six months or ten years.  Whether they have 1 unit or 20 units.  Companies typically decide to franchise when they are in a position where they do not have the money to fuel aggressive expansion, the people/personal time to oversee additional units, or the time to grow at a slow pace either due to competition or market opportunity.  

Franchisability is determined by a business’ systems.  Their product or service needs to be systemized to the point that it is consistent and teachable.  Is the business currently documenting their operations?  Does the business keep accurate records?  Entrepreneurs can be very quick to downplay how systemized their business actually is.  Their marketing, accounting systems, sales processes, products, suppliers, staff, training, even their legal structure and dress code are all part of the system that is Their Business.  

As part of Francorp’s process, we document all of these systems into a comprehensive operations manual that serves as a training, procedure, marketing, start-up, and franchise manual.  Everything about a business must be described in detail to ensure that franchisees have the tools and franchisors have the security for sustainable franchise growth.

Is now the time to franchise the business?

The issue of timing is one of the many topics of Francorp’s online “Franchise A Business” seminar.  To learn more about franchising, or how to franchise a business, visit http://www.francorp.com or call 800-372-6244.

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Founded by Don Boroian in 1976, Francorp is the worldwide leader in franchise consulting and development. While at Francorp, clients receive expertise and industry experience needed to help you expand your business in the direction of success.

For over 36 years Francorp has franchised over 2,000 businesses and consulted with over 10,000 different companies dealing with franchise expansion. Catering to the entrepreneurial mindset, Francorp provides an “all under one roof” approach which allows for you to focus on your business and have one single point of contact and consultation. From beginning to end, Francorp has professionals working with you making sure everything is done efficiently and effectively.