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Open Letter To Business Owners About Franchising

Written by: Ken Hollowell

Article Overview: There is no better time to expand your business into a franchise system than now.

Open Letter To Business Owners About Franchising

Now is an excellent time to develop a franchise system! For the past 30 years, any time our economy has gone “south” franchising has boomed? Whenever our economy suffers, people are laid off of their jobs and many individuals make the decision to go into business for themselves and franchising is their first choice.

Whether it’s expanding your existing business or potential concept into a franchise system, the experiences, knowledge and skills to help through the regulations, procedures and guidelines of franchising is of the upmost importance. The most popular type of franchises being sought after today is service businesses that have a start up costs under $100,000. That’s not to say the development of a food related business isn’t strong, which by the way is 48% of the franchises being offered today, but over the past 15 years, there has been a tremendous shift to service businesses.

I good franchise development firm should provide its clients with development services and assistance which include:

• Business Structure
• Trade Mark, Trade Name & Logo Design
• Federal Registration of the Mark
• Development of the Franchise System
• Preparation of the Franchise Disclosure Document
• Financial Audit
• Manuals (Employee, Pre-Opening & Operations)
• Franchisee Training Program & Procedures
• Web Site Presence (Including Online Franchise Application Form)
• Franchisee Profiling
• On-Going Field Support
• Lead Generation Procedures
• Procedures in How Sale & Close Franchisees
• How to Build a Franchise Network

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Article Tags: franchise consultant, ken hollowell, our business, profran consultants



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