5 Franchise Business Resolutions for the New Year

new year 2014 Can you believe it’s a new year already? As you reflect on the New Year’s resolutions that lie ahead of you, don’t forget to make some resolutions for your business. With the new year comes new opportunities to take your business to the next level, and we can help you do just that at Franchise ASAP.

Don’t wait another year to make the leap and franchise your business. Make these 5 franchise business resolutions, then give us a call at 770-595-1055 to speak with Tom Rather and  get started with the franchise development process.

Describe what makes your business unique

What separates your company from the competition? Franchisees and customers alike are buying your vision, so it’s imperative that you know exactly what it is, and how it differs from your competition, from quality and service to culture and brand identity.

Know what makes your business profitable

In order to successfully franchise your business, you need to have a good grasp on the overall financial picture and exactly what makes your business profitable. How many stores do you have? Exactly how profitable are they? How do overhead expenses, hiring decisions, and other factors affect your revenue?

Document your company’s procedures

Franchising is all about consistency, so in order to train your franchisees and provide a consistent customer experience at all locations, you should be able to clearly explain the processes and procedures of day-to-day business. Everything involved in the operation of your business should be documented, from opening to closing and everything in between.

Identify why you want to franchise

What do you think you will gain by franchising? There are many benefits of franchising, but you need to be clear on why you want to franchise.

Figure out how you will finance franchising your business

Franchising is a good business move for many businesses and can double or triple your profits, but you still have to pay the initial costs of franchise development. Fortunately we offer franchise financing for you and even your franchisees. Contact us today to discuss our franchise financing options.

 

Image by Stuart Miles via FreeDigitalPhotos.net

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