With a strong and thriving business, it can seem only natural you are considering a business expansion. But opening new locations calls for a lot of work, time, energy, and money. In comes franchising to save the day: converting a business to a franchise has many advantages over traditional expansion efforts.
Accurate Franchising Inc. is dedicated to empowering franchisees. By leveraging our expertise and resources, we can help you navigate the franchise development process and increase your chances of success, as research suggests that franchises have a higher long-term survival rate than independent businesses.
Why Convert Your Business
There’s a lot to do when you decide you want to convert your business. There are development strategies to create or revamp; training materials, operations manuals, marketing campaigns, lead generation, and more vying for your attention; and oh yeah, running your business. It’s a lot franchise development to take on all at once!
Franchising provides a strategic approach to business expansion by addressing the challenge of talent acquisition and development. By partnering with motivated franchise owners, businesses can benefit from their entrepreneurial drive and expertise in areas such as marketing, site selection, and staff training. This franchise strategy empowers franchisees to build strong, profitable business units.
It can cost a lot of money, person-hours, and time to open multiple locations. Franchising can help you save on market expansion logistics for a growth strategy that costs considerably less.
How to Convert Your Business
Franchising is a big step. Accurate Franchising Inc. can help make your dream; Franchise Development in three phases.
Phase One
In Phase One, the initial assessment can determine if it’s viable to franchise your business. You’ll have to ask yourself hard questions about your business, including:
- Is my business franchisable?
- Is franchising the right growth strategy?
- Do I know how to franchise my business?
Accurate Franchising Inc. can help with our free franchise feasibility consultation to help you determine whether you move on to Phase Two.
Phase Two
In Phase Two, you’ll develop the infrastructure to grow from a single business to a franchise; a franchise strategy. We’ll show you how to franchise your business through the creation of a franchise plan that includes:
- Designing corporate imagery
- Strengthening your company’s branding
- Ensuring your rights to your intellectual property
- Creating a franchise business plan
- Producing training programs, operations manuals, and materials
- Making financial projections
- Obtaining franchise lawyers
Phase Three
In Phase Three, all of the preparation from Phase Two goes into executing your franchise plan. In conjunction with marketing and sales, your franchise plan is key to recruiting franchise owners and showing them that you have the resources and tools to help them run their businesses.
Accurate Franchising Inc. is dedicated to making the process of converting a business to a franchise a rewarding one for both franchisees and franchisors.
Contact us today to learn more about how Accurate Franchising, Inc. business consultants can take your business to the next level.
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