April 20, 2007, 9:37 pm
Is my business franchise-worthy?
FSB suggests taking it slow to find out. If you've had successes or failures making your business a franchise, talk about it here.
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As someone who's been down this path before the best advice is to have a competent franchise professional conduct a franchise feasibility analysis. If done right, it will highlight what the business has and doesn't have (or needs to develop) in terms of franchising. We used Franchise Foundations and their report listed a number of important things we needed to do first before a franchise program would make any sense. Another consulting group (incorrectly, it turns out) told us we should franchise right away – and they'd never seen our operation. So watch out there.