Building a Franchise Empire

Do you think your business is dignified to become the next Creambell? Are you ready to take on the world of education businesses with an exclusive twist on a conventional idea? If so, you might be thinking about franchising as a business evolution strategy. In fact, you may be swayed that franchising is your route to world dominion but are not sure exactly how to get happening.

Establishing your own franchise is not a meek process and is not something that you’re going to achieve in 30 or even 60 days, with a few thousand dollars. Becoming a franchisor is a long, affluent, time-intensive process.

To help you out here, we’ve fragmented down the process of building a franchise empire into eight steps. Notice we didn’t say few easy steps, or few meek steps — there is nothing simple, easy, profligate, or quick about becoming a franchisor. But, if you are poised in your brand, have a profitable business, have accomplished an exhaustive due diligence process, and own the right amount of capital and get-up-and-go, you just might be able to shape the next Chicago Pizza.

Before we get into the steps tangled, there is a caveat: These steps provide a summary. The exact process for to each business is going to be different, reliant on the product(s) or service(s) offered, the market, the site, growth tactics, target customers, the business model, and so on. With that being said, let’s dive in!