International franchise advising firm with offices worldwide representing franchisors in over 80+ countries
Our answer shocks most people when we say, “If you can afford to grow corporately, then you should do that! It is 100% risk and 100% reward”. In basic terms, if you can afford to continue to self-fund your business growth and assume 100% of the risk, then we think it’s best that you continue to do that. But the truth is, most business owners simply cannot afford to self-fund multiple locations or maintain the infrastructure to grow outside of their own city.
Here are several questions that we like to ask our clients when they ask the question above:
After answering these questions honestly, you may find that expanding your business through franchising will be a good fit for your business. Growth through franchising is nearly always more cost-effective and requires less time and energy than adding corporate locations.
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One of the questions we are most frequently asked by clients is, “Is my business franchise ready?” Clients who are ready to grow their companies often see franchising as a cost- and time-effective way to do that, so they are eager to know if their businesses are good candidates for franchising.
As you can see, there are many advantages to either growth strategy, and at Accurate Franchising we can help you decide what is best for your company.
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