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A Twelve-Week Checklist to Staring Your Franchise
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Now that you have all the basic information you need to get your franchise up and moving, and before we get into training and operating procedures for your first few franchises, it’s useful to set everything down in one place and give you a timeline. If your business is ready to go, starting your franchise should be fully doable in twelve weeks’ time. Use the following checklist to help you get started! |
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Immediately
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| Sit down and give some serious thought to your business, your reasons for franchising, the viability of your operation, and the processes you plan to go through. |
| Register your trademarks and logos so they are protected by copyright |
| Put your general business plan on paper |
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With Eleven Weeks To Go
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| Refine your business plan and put it into a recognisable form |
| Assess your available capital and consult a bank for a loan if necessary |
| Seek out locations to conduct market research |
| Decide on the strategy you will use for market research |
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With Ten Weeks To Go
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| Begin conducting market research |
| Start looking for a reliable franchise lawyer |
| Begin to keep notes on things you want to include in the franchise agreement and sales prospectus |
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With Nine Weeks To Go
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| Continue market research |
| Begin to gather matters related to your company’s financial date and put together some research on market trends |
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With Eight Weeks to Go
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| Confirm the information you want included in your franchise agreement and discuss the details with your lawyer |
| Analyse the results of market research and determine where you want to target your franchise markets |
| Begin to assemble the materials for the sales prospectus |
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With Seven Weeks to Go
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| Consider how you plan to market your franchise |
| Complete the sales prospectus |
| Assemble your franchise information package |
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With Six Weeks to Go
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| With your lawyer, review the franchise agreement and make sure it complies with all ethical regulations |
| Apply for membership in the British Franchise Association (optional) |
| Complete a nondisclosure document |
| Begin searching for franchisees |
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With Five Weeks to Go
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| Check to see that all of your documents are complete and accurate |
| Continue searching for franchisees |
| Begin thinking about what you want to include in the Operations Manual |
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With Four Weeks to Go
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| Begin interviewing franchisees |
| Complete the Operations Manual |
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With Three Weeks to Go
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| Select your initial franchisees and sign the franchise agreement |
| Begin initial training |
| Make sure the franchisee has an adequate location and will have an adequate supply of merchandise |
| Begin promoting the new franchise location |
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With Two Weeks to Go
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| Focus on advertising for the new franchise |
| Work with your franchisee on hiring and setting up the new location |
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With One Week to Go
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| Address any last minute concerns with the franchisee |
| Continue to focus on marketing |
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| And then it’s time to sit back and enjoy the fruition of all your hard work! If you’re planning to use your first franchises as pilot studies, this is the time to begin collecting data and putting it to use. Problems will arise, but don’t be discouraged: nothing ever goes smoothly the first time through. As long as you stick to this checklist, your legalities are covered and there should be no difficulties you can’t handle. |
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How To Franchise Your Business Info Guide |
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Claim your FREE franchising consultation now
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Request a FREE 'Opportunity Analysis' with one of our experienced
business franchise consultants. During the analysis Franchise My Business will uncover the opportunities that exist within your business.
The detailed report will contain: |
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| Suitability for franchising |
| What you can charge for your franchise |
| The process explained |
| List changes needed to the business to enable successful franchising |
| Market analysis |
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No sales pitch - just good honest advice |
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Call 0845 020 4368 to book your free consultation |
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Our Fees
As you have seen franchising your business will generate a lot of additional cash. This option is also the quickest way to build a very profitable and high value business.
HMA Business Growth Solutions will complete 95% of the work involved in franchising the business. We will cover all legal costs (approx £5K), provide all the marketing material needed and provide a complete plan to recruit franchisees. We will also provide ongoing support and changes to the franchise system as required for a period of three years.
* £9995 + vat payable in 4 monthly payments (£2498.25 + VAT per
month).
This is a heavily discounted rate - we prefer to make the mass of
our fee by linking our fees to your success.
In addition we will: |
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| Advertise the franchise |
| Qualify the potential franchisees |
| Meet all potential franchisees |
| Any franchisees that we feel are suitable will be invited to
meet with you. |
| Close the sale and setup all legal contracts. |
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In return for handling this process and incurring many costs, our
fee will be 20% of the franchise fee. This fee will only be
payable on success.
Isn’t that refreshing - A consultancy company that links payment
to performance.
The exciting part of our service is that it won't cost you a
fortune. We mainly work by charging a small project fee and
accepting a minor percentage of the increased profits that we
create for you. |
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| We like to share in the extra profits we make for you. |
| This makes us highly motivated to achieve major increases in
profit. |
| Plus—we guarantee that your franchise will be a success or
we’ll work for you for absolutely nothing until it is or we will
refund your investment.
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| We are not like any other consultancy company you've ever come across. |
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Remember - if we can’t increase your profits dramatically
We’ll work for you for nothing until we do.
The Business Franchising Specialists
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