If you own a booming business, you may be wondering what the next step will be for expansion. Opening a second business is a valid option, but then it splits you between two locations and takes time away that could be dedicated to helping your business continue to grow. At Accurate Franchising, a franchise consultant can assist and help you determine if expanding through franchising is the optimal next step for your business and create a plan to do so. You may be wondering “why franchise my business?” Well, we can show you how a franchise consultant can grow your business in ways that are not possible by just opening a second location.
What Is a Franchise Consultant and What Do They Do?
A franchise consultant is like a regular business consultant, except their expertise is geared toward helping people who have either started a franchise or are looking for ways to expand their business through franchising. A franchise consultant guides future franchisors through the twists and turns of the franchising industry. They help people discover what is the best strategy for expanding their business, and they can help them grow their franchise once it is established.
Why Use a Franchise Consultant to Franchise My Business?
It is not a requirement to use a franchise consultant, but it certainly helps. A franchise consultant, especially one from Accurate Franchising, Inc., has ample experience and resources in the industry. They have helped many franchises in the past and can bring a lot of knowledge and expertise that you may not have. Overall, with a franchise consultant, you could actually save money because you may avoid common mistakes that first-time franchisors often make because you have an experienced liaison between you and the industry to help.
How Can I Franchise My Business?
The first step to franchising your business is to complete our franchise feasibility study to accurately determine if franchising is right for your business. Opening a franchise means your business model is easily adaptable and can be replicated at multiple locations across the country (and maybe even internationally). This study will help a franchise consultant understand what steps need to be taken to turn your business into a franchise.
Once that is completed, a franchise consultant will work with you through the three phases of the franchising process. The first is the initial assessment, which is where you think critically about the goals of your business and what is right for it. These may include questions such as “why do I want to franchise my business?”, “Do I know how to franchise my business?”, and “Is my franchise buyable?”. These are tough questions, but the answers determine how to proceed with the franchising process.
The second phase is the franchise development. This is the phase where the franchise consultant works with the future franchisor to create a brand identity, projected finances, training programs and materials, and more to make sure that the franchise has a standard and uniform services for all locations to maintain.
The final phase is execution, throughout which the franchise consultant can also assist. This is the phase where you say, “I am ready to franchise my business!” and begin using marketing techniques to help promote franchise sales. Even beyond these phases, a franchise consultant at Accurate Franchising, Inc. can help in numerous ways to help grow your franchise once it has been established.
Can I Use a Franchise Consultant to Help Grow My Franchise?
Even after you have franchised your business, a franchise consultant can help your franchise grow. Accurate Franchising consultants have years of experience in franchise marketing, sales, CRM, and even international franchising to help franchises expand greatly.
With an experienced franchise consultant from a strong and experienced firm, you can take your business to new heights through franchising. Franchise consultants like ourselves even can assist after your franchise is established to make sure your franchise continues to grow and remains poised for success. Overall, a franchise consultant can help you turn the question “can I franchise my business?” into “I can franchise my business!” If you’re looking for that confidence and are ready to take the next step, we might be the franchise consultant for you.