Are you trying to decide if franchising is a good option for your business? Check out Tom’s seminar, How to Franchise Your Business. Learn about the process and become equipped to make well-informed decisions regarding the future of your company today!
It’s a question all successful business owners think about at some point. But a lot needs to happen before you take that first step: What type of factors should be in place before deciding to franchise, and how can you know if franchising is the right move for you?
Today we’ll talk with Tom DuFore, the CEO of Big Sky Franchise Team, where he supports and consults with Big Sky Franchise Team’s clients on their expansion and franchise efforts. So if you’ve ever wondered about how to and when to start scaling your business, Tom has the answers.
1. For a lot of business owners, franchising is a scary concept, but it doesn’t need to be.
It’s just a conceptual idea that’s almost formulaic, as Tom demonstrates, and it shouldn’t be overwhelming. The idea isn’t to take over the world with your business. It can be on a much smaller scale – home services like painting, roofing or lawn care, or businesses like veterinarians. Keep it simple when you start considering franchising.
2. Inspect what you expect.
For business owners, that means making sure you have documentation about everything! That might not be a strength for some business owners, but there are a lot of great apps and other companies that can help you document. Tom Dufore’s company, The Big Sky Franchise Team, is a great example of a business that will help you document and organize so you can pass on your processes to others and grow as a business.
3. Franchising starts with small steps.
This doesn’t need to be overwhelming. It’s very easy to see if franchising makes sense for your business right now. It could be the time to make the move, or you may still be a few years off. Whatever the case, take the time to ease into the process and talk with trusted professionals to make sure franchising is right for your business.
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