Small business answers — NOW!

Franchising an existing business

Is a young business (three years old), with slow, but steady growth, a viable candidate to be franchised? 
The length of time a business has been in operation is not as important as proof that the business has developed the successful "systems" that can be taught to others so they can operate on their own.

If your business model is reliably profitable and your systems are solid, you might be a franchise candidate. But MANY other factors should be considered before you can become a franchisor.

Search here for more on becoming a franchisor. 
Brain Trust contributor: Principal, the Bibby Group; franchise consultant and entrepreneurship counselor
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 453