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.

 

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Franchise Your Business in 2014

new year 2014 As the year draws to a close, all of us at Franchise ASAP are thankful that we have had the opportunity to help so many motivated entrepreneurs franchise their businesses throughout the year, and we are looking forward to even more franchise development in 2014!

From restaurants and boutiques to home healthcare businesses and educational services, and everything in between, if you have a profitable business model, we can franchise your business quickly and affordably. Don’t wait another year to double or even triple your profits without investing more money or hiring more employees.

So, how does franchising work? It’s so simple, you’ll wish you had done it sooner.

How you make money from franchising your business

  • We help you develop a franchise by drawing up franchise documents, and even assisting with franchise financing and franchise sales. You can be ready to sell franchises in just 6 weeks and train your franchisees 6 weeks after that.
  • Each franchisee pays you a royalty every month. This royalty is a percentage of their gross sales for a 10-year renewable term.
  • The sale of one franchise pays for your franchise development costs. The sale of 4 franchises doubles your company’s current profits!

Why you should choose Franchise ASAP

Why choose us as your franchise development team? First of all, you will get affordable, fast, and personal attention from our president and principal, Tom Rather. But our affordable franchising and hands-on service is just the beginning. Take a look at some testimonials from happy clients who have franchised with us.

“Their participation made this process easier and faster than I had been told or expected.”

— Mike G. (waste services)

 “Awesome to be able to work with such trustworthy real people who are so qualified and caring. THANKS!!”

— Chris F. (window care)

 “They’re helpful, responsive, and professional. Not to mention easy to work with.”

— Tammy G. (children’s clothing boutique)

If you’re ready to take your business to the next level with affordable franchising, contact us today! Call Tom Rather at 770-595-1055, and don’t forget to check out our FREE franchising ebook.

 

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Get Results with Franchise ASAP

christmas decorationsChristmas morning about 7:15 am, I got an email from Bill in Pennsylvania. Bill modifies homes for the handicapped and elderly, and he wants to franchise his business. This is an area I have a strong interest in. Bill mentioned that he didn’t expect a call today, but a call in the next few days would be nice. I called Bill about 7:30 am. He was surprised, and we had a good conversation. I told Bill how I’d spent four years helping a stroke victim, so I was keenly aware of the needs of the handicapped and people with limited mobility. We talked further and I sent Bill some information on our franchise development services, as well as a Franchise Proposal, on Christmas Day.

When you’re doing what you love, the day doesn’t matter.

Helping others reach their dream is what it’s about. We’ll franchise Bill, I’m certain of it. If you’re thinking about franchising your dream, we would love to hear from you today. Contact Franchise ASAP online or call me, Tom Rather, to discuss your franchise goals and get started franchising your business affordably today.

 

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How is Franchising Different Than Business Ownership?

managing franchiseesWhen you want to increase your profits and expand your business, franchising is often the best way to do that. However, some franchisors are surprised by the changes that come from franchising a business. Is franchising your business right for you? Read on to learn how things will change when you are a franchisor and not just a small business owner.

By franchising your business, you’ll need to transition at least partially from doing whatever your business is, to acting as a franchisor. What does that mean? Well, your time will initially be filled with selling franchises and training franchisees. This will be ongoing, as well as providing continuing support to your franchisees, from training and education to marketing and branding.

You will have to develop new skills like sales, training, and marketing. If you hire sales people, trainers, and marketers to fulfill those tasks, you will need to oversee them and guide the overall direction of the company.

Another thing some franchisors struggle with is loss of control. It’s true, your franchisees will probably do some things different than you would. However, this can be mitigated in a couple ways.

  • First, sell franchises to franchisees who embody the culture and spirit of your company. Franchisees are already going to be more motivated than most employees, because they are business owners taking a risk, not employees in it for a paycheck.
  • Second, you can guide your franchisees and promote best practices by creating a comprehensive franchise operations manual and providing comprehensive training. The training and knowledge you provide will help them understand why things need to be done a certain way. However, it is also important to allow enough autonomy that your franchisees can be innovative! They are motivated business owners who want to succeed. Your role as franchisor is to help them do that, so they can make a living and you can continue receiving royalty payments.

If you want to franchise your business quickly and affordably, call Tom Rather today at 770-595-1055. Our affordable franchise development team can have you ready to sell franchises in just 6 weeks, and ready to train your franchisees in another 6 weeks. Don’t wait another day to become a franchisor!

 

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Should You Hire a Franchise Consulting Company?

frustrated business owner

Don’t worry, we can take the headache out of franchising your business.

Franchising your business is a great way to expand without the capital and risks involved with opening company-owned locations, but do you know how to franchise? While you don’t have to hire a franchise consultant, the complicated, expensive process can be hard to navigate for most people. Read on to learn why working with a franchise development company could be the right choice for you.

Fewer costly mistakes now AND later

If you have never franchised a business before, you are probably unfamiliar with the process and the potential pitfalls of the many decisions you will have to make in the beginning. The decisions you make during the franchising process will affect your business for years to come, so it’s well worth it to work with an experienced franchise consultant who can help you make those hard decisions.  In addition to business decisions, there are many federal and state laws with which franchisors must comply. Unless you are well-versed in franchise law, it’s easy to trip up.

Franchise financing and sales

Just because you file a Franchise Disclosure Document with the FTC doesn’t mean you will be able to sell franchises. Here at Franchise ASAP, we can help you close more franchise deals with our 4 step sales process. We also offer franchise financing to help expand your pool of possible franchisees.

To get started franchising your business, call Tom Rather today at 1-866-361-9940. We can have you selling franchises in just 6 weeks and training your first franchisee in another 6 weeks!

 

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Starting a Franchise: How to Target New Locations

adding business locationsIf you are interested in starting a franchise business, you will soon realize that targeting new locations and markets is vital to the long-term success of your franchise. There are two aspects to this:

  • Choosing regional markets in which to focus your franchise sales efforts
  • Choosing specific franchise locations that set your franchisees up for success

Choosing where to sell franchises

Many franchises start local and grow regionally, then nationally and even internationally. Whether or not this is a good model for you will depend on the type of business you are franchising, but focusing on dominance in a particular regional market that you understand can help you establish a strong base for your franchise company before selling franchises in new markets that require more research and may have different cultural and economic implications that you will need to take into account.

Choosing successful franchise locations

Depending on your franchise agreement, you may have veto power when it comes to your franchisees’ locations. While one of the benefits of franchising is that your franchisee assumes most of the risk when opening new locations, it is still in your best interests to have a hand in the selection of new locations.

The location of your franchises not only affects their financial success, but also the brand image overall. Consider the type of customers you are targeting. Where do they shop, dine out, or go for entertainment? That’s where you want to be. If a franchisee wants to open up shop in a location that is incompatible with your brand, it’s time to step in.

If you are ready to franchise your business, call Tom Rather at 1-866-361-9940 to learn how Franchise ASAP can help you franchise your business quickly and affordably.

 

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Looking for Franchise Help? Download Our Free Franchising eBook

increase business successYou’ve made the decision to expand your business, and now it’s time to learn how franchising can help you do just that. Your first step should be downloading our free franchising ebook.

Our franchising ebook, Why I’m Going to Franchise My Business And Why You Should, Too! provides:

  • Testimonials from a few of our many satisfied franchising clients
  • How franchising works by the numbers
  • The pros and cons of franchising your company
  • Information about finding and training franchisees

Once you have familiarized yourself with the basics of franchising in our ebook, contact Franchise ASAP for a free franchise evaluation. We will help you determine the best course of action for franchising your business and walk you through the process from start to finish. In addition to franchise development, we also offer franchise financing for both you, the franchisor, and your future franchisees.

If you are ready to franchise your business, it’s important to have an experienced franchise development team on your side. We offer turnkey franchise development to our clients, and you can rest assured that you will work directly with our principal, Tom Rather. You can franchise your business for less than $20,000 and in less than 6 weeks with our help, so don’t wait!

Call Tom Rather at 1.866.361.9940 to get started. You can also contact us via email, and be sure to follow us on Facebook, Twitter, and Google+ to stay up-to-date on the latest in franchising and industry advice to grow your small business.

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Benefits of Franchising: Training Franchisees

franchising-business-plan-diagramAs we have discussed before, franchising your business does involve giving up some direct control- after all, your franchisees own their own businesses under your company’s name, they are not your employees. While this does give them more autonomy, it does not mean that you have no control over the quality of service and product they produce. To set your franchisees and yourself up for success, it all comes down to training.

3 things to remember about training franchisees

  • One of the benefits of working with franchisees instead of managers  is that your franchisees will generally be much more motivated to make the business succeed because they are taking a financial risk. If you have chosen your franchisees wisely, they will greet training and educational measures enthusiastically.
  • Franchisees require more extensive and detailed training than would normally be given to employees, but once their training is complete, they will be much more self-sufficient. Once the training period is over, your role as a franchisor becomes like that of an adviser, rather than a manager. You will be there to offer advice when needed, but not to oversee the minutiae of daily business.
  •  The most important training tool for your company is the Franchise Operations Manual. This document needs to be extremely detailed, comprehensive, and easy to understand. It is not only instrumental in the initial training of franchisees, but will also help them adhere to your company standards when they are back in the field. The quality of your training and Operations Manual will ultimately determine the consistency of your franchises- and consistency is the reason consumers often choose to patronize franchises in the first place.

Ready to get started franchising your business? Call me, Tom Rather, today at 1.866.361.9940 or contact Franchise ASAP online. Our franchise consulting and franchise development services will help set you up for franchise success!

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Franchising Your Business By the Numbers

profit increase from franchising your companyFranchising is the low-risk way to expand your business without expanding your risks. If you are ready to take your business to the next level with franchising, read on to learn exactly how franchising can help you double your bottom line.

Cost to franchise

Obviously your first concern is the cost of franchising. How much does it cost to franchise a business? Here at Franchise ASAP, we can help you franchise for less than $20,000, with personalized attention from our principal, experienced franchise development consultant Tom Rather.

When you sell a franchise to a franchisee, the franchisee will pay you a one-time franchise fee in addition to royalties every year. The fee you collect from selling just one franchise will cover your franchise development costs. Each franchise you sell after that increases the value of your business.

Franchise profits

Once you have sold franchises to your new franchisees, your income just continues to increase. For example, let’s say you sell 10 franchises.

10 franchises doing $250,ooo per year in sales x 5% royalty x 10 years= $1, 250,000 over the course of a decade- and that’s on top of the profits generated by your company-owned location.

Are you ready to double your bottom line by franchising your company? If so, call Tom Rather at 1.866.361.9940 or contact us to get started. We also recommend that aspiring franchisors read our FREE ebook, Why I’m Going to Franchise My Business and Why You Should, Too!

 

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How to Franchise Your Business on a Budget

businessman franchising businessYou know franchising your business is the best way to expand while minimizing your risk, but is it possible to franchise on a budget? Absolutely! That’s exactly what we do here at Franchise ASAP.

How does franchise development work?

We provide turnkey franchise development for less than $20,000,  and can have you ready to sell franchises in just 6 weeks. That quick turnaround means that you can quickly cover your franchising costs through the sale of franchises.

Once you sell a franchise, that franchisee will pay you a monthly royalty percentage based on Gross Sales for a 10-year renewable term, in addition to the initial franchise fee. Just one franchise fee can cover the cost of franchising your company, and by the time you have sold 4 franchises, you will have doubled the profit of your current company, without having to build or rent a new space, hire a single new employee, or invest more money in your business!

In addition to our low franchise development costs that allow you to avoid expensive law firms, we also offer financing to help you franchise your business.

Franchise financing

We can provide qualified franchisors with anywhere from $20,000 to $100,000 in funds, including unsecured business credit, personal credit, vendor accounts, and mini-SBA (Small Business Administration) loans. If you think you qualify and are ready to franchise your business, it’s time to take the next step.

Call Tom Rather at 1.866.361.9940 to get started, or contact Franchise ASAP online.

 

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