Franchise Checklist

1. Assessing the feasibility of franchising in your case

Collect information:

• Attend franchise seminars and webinars
• Read books about franchising
• Talk to a franchise analyst
• Take the Franchise Test
• Consider all your growth options
• Internal growth
• Search for investors
• Business opportunity
• Licensing

2. Meeting with a franchise specialist

• Tour of headquarters
• Have the systems that the consulting firm is guided by in developing your franchise program have been checked?
• In-House
• Outsourcing
• How many years has your firm been in business
• View the list of clients
• Recommendations for calls
• What work did the consulting company do to direct
• Why did they decide to work with a consulting company
• Work done at home by full-time workers
• Is it clear that communication between the staff working on your program does not involve barriers such as:
• Do not work together
• Have to work by talking on the phone, not face to face
• How many times a week do employees see each other
• Work in different places
• Is there a project manager who will lead your project.

3. Do you really want a franchise?

• Meet with specialists face to face in their office for consultation
• Talk to business consultants, close friends and family
• Assess your current resources to move forward with franchising
• Financial
• Human
• "Soul" or drive

4. Moving forward with franchising

• Hiring a specialist and finding a suitable company
• Do they have a proven business system
• Visit a place of business
• Hiring a lawyer

5. Mistakes to avoid during considering franchising

• Don't make assumptions
• Do not only meet with a lawyer
• Legal documents do not run the business
• All lawyers claim to be experts in franchising
• A franchise is not easy to manage if you have never done it before
• Developing a franchise company is very different from being a franchisee