The success-stories of McDonald?s and Subway leave no room for any doubt that the best way of expanding your business is to franchise your business. Indeed, their scores of outlets have given them true global presence, something that has been possible only because of the franchisee-networks unlike that of company-owned businesses.
As a franchiser, of course, you gain in more ways than one. When you franchise your business, the business grows rapidly without your having to make huge capital investments for this expansion ? the franchisee not only makes the initial capital investment, but also continues to pay the franchiser for all future support services, be it market surveys, research and development, etc. Again, with no requirement for a salaried manager, you save money when you franchise your business; instead, being the owner, the franchisee is more committed and always works for the success of the enterprise in his/her own interest.
So, if you are aiming a rapid yet planned expansion of your business at minimum cost, the best thing for you to do will be to franchise your business. Remember, United States, where the franchising concept has succeeded most, roughly earns 40% of all the retail sales from its various franchised businesses.
Before you take the plunge, just find out if your business is franchisable and then chalk out your business plan. As for franchising plan, you are sure to get help from thebusinessstartupkit.com. They will readily provide you all the Franchise Documents like Franchise Agreement, Franchise Disclosure Document (Franchise Disclosure Document along with their operational manuals) you will need to franchise a business at quite reasonable rates. Put together by veteran attorneys as Franchise Document Kits (for different types of franchise businesses), these Franchise Documents have really made it easy to franchise a business. Make your pick from among these kits and ensure success for your franchise business.
Source: http://hotnews.blogspages.com/2011/10/01/franchising-your-business/
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