The decision to franchise your business is a great way to grow your empire without all the hassle of needing to run every operation yourself. There are many excellent reasons to franchise your business, and Accurate Franchising is just the trusted partner you’ve been looking for to guide you through the process. Our founder, Ray Titus, found success when he franchised his brand, Signarama, into a major sign industry leader. Let us apply the same principles that led to Signarama’s success to your brand!
#1. Expand Your Brand
If you’re looking for a way to expand your brand without needing to personally shoulder the expenses of labor, inventory, and location costs, franchising is a great way to go. In exchange for allowing the use of your brand name and your support and guidance, franchisees will personally invest in starting up a new business. Accurate Franchising has years of experience when it comes to helping you develop the resources and materials your franchisees will need to get started. If you’re looking for a great way to build brand recognition and expand your brand nationwide, franchising is a great way to accomplish these goals without the expense of doing it all on your own.
#2. Replace Store Managers with Store Owners
Corporate-owned businesses invest countless time and money in training their management employees. This is necessary in order to ensure that their businesses are being run properly. However, managers can leave their positions for a variety of reasons, leaving owners constantly on the hook for recruiting and training new management.
When you’re a franchisor, you’ll be recruiting and training store owners rather than managers. Store owners are responsible for recruiting and training their own staff, and should they choose to leave the company, they’ll sell their business to another owner. Don’t deal with the hassle of constantly replacing store managers in each of your locations — recruit store owners and give them the tools to learn how to do this for themselves!
#3. Leave Your Business in the Care of an Invested Party
Working in a business is a much different experience than owning a business. When you recruit franchisees, you’re recruiting investors who have spent a significant amount of money opening their new location. While corporate-owned locations are paid for by the business owner, franchises are largely paid for by franchisees — this gives franchisees extra incentive to succeed in their businesses. Unlike corporate employees who are paid the same rate regardless of the business’s performance, franchisees know that the only way for them to turn a profit is to run their business as effectively as possible. If you’re dedicated to building a successful brand, franchising is a great way to ensure that the people running stores under your brand name are just as invested as you are in the company.
These are just a few great reasons to franchise your business. Accurate Franchising has years of experience helping owners just like you to turn their successful businesses into growing franchises. Contact us today to learn more about the process of becoming a franchisor!