Here is how you should approach franchising your business:
- Find out more about franchising. Understand the needs and commitments in franchising your business.
Once you have sufficient knowledge, you can determine if franchising is suitable for your business and corporate objectives.
Understand how a franchise is developed and implemented.
- Have an initial evaluation or Preliminary Development Review performed to evaluate the feasibility of franchising your business.
- If the feasibility study reveals good prospects in franchising your business, you can then embark on a Franchise development program .
- Ensure proper and sufficient infrastructure is developed before offering your franchise.