“Should I franchise my business?”
As a franchise attorney, that is a question I get asked all the time! Truthfully, there is no one-size-fits-all answer. Every business is different, and perhaps more importantly, every business owner is different. Today I’m diving in to help you determine whether you should franchise.
To answer this question, I’m asking you to reflect on yourself and your business and ask five questions that we were all taught at a very young age: Who? What? Where? When? and Why?
Admittedly, my questions to you are more precisely phrased as:
- Who are you as a business owner?
- What are your business goals?
- Where do you want to start franchising?
- When should you franchise?
- Why are you wanting to franchise?
Being able to answer these questions will help you determine if the franchise model may work for your business. So, tune in to today’s podcast to learn more about whether you should franchise or remain independent!
Have any suggestions for future shows? Have questions or a topic you would like to us to do an episode on? If so, please leave a comment.
If you enjoyed the podcast, please take a moment to leave a rating and review on iTunes or Stitcher. Every review means we can reach out to more people!