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In my over three decades of experience as a franchise consultant, I am often asked “Why should you hire a franchise consultant when you franchise your business?”
Here, I will examine the single most compelling reason to select an experienced franchise consultant when you franchise your business.
The reason to hire a seasoned franchise consultant when you franchise your business, a consultant who specializes in working with Franchisors to put together franchise programs, is simple. It is also the primary motivation for most people who purchase franchises. Your chances for success are much greater because you are not starting from square one. In other words, when you hire a knowledgeable franchise consultant when you franchise your business, you are investing in some else’s learning curve.
There are several steps that must be completed when you franchise your business. Typically, the first step is to put together the franchise legal documents, including the Franchise Disclosure Document and Franchise Agreement.
But how do you structure your franchise program for success? What are the practical considerations of creating a workable franchise program that will attract franchise buyers?
Here is where a franchise consultant who knows what works – and what doesn’t — can help you the most. And, if you hire a reasonably-priced franchise consultant, your return on investment in developing your franchise program can be fairly quick. In fact, most National Franchise Associates’ clients recoup the costs of developing their franchise programs with their first franchise sale, including the initial franchise fee and first year of royalties or service fees.
At National Franchise Associates, we believe that initial planning is perhaps the most important element when you franchise your business. We further feel it is important for our clients to understand the “whys” of how the franchise relationship works. We take the time with our clients to carefully plan out each aspect of the relationship between the Franchisor and Franchisee. This planning leads to a more attractive and ultimately more profitable end product when you franchise your business.
Thinking About Franchising?
NFA Franchise Consultants have the experience to help businesses franchise. Just watch and listen to some of our client case studies and video testimonials. We can HELP YOU and it doesn’t cost anything to call and talk to us!
So, if you are still asking the “should I franchise my business” question over and over with no clear direction, give us a call at (706) 356-5637, or contact us through our online form. We look forward to helping you take your business to the next level and beyond.