Franchising can be a powerful growth strategy for entrepreneurs who want to expand their brand, reach new markets, and leverage the energy and investment of other business owners. However, it’s not a decision to take lightly. Turning your business into a franchise system comes with its own set of challenges and responsibilities. If you’re thinking about franchising your business, there are several key factors you must evaluate to ensure you’re ready to make that leap. Here are five critical considerations to guide you through the process.
Assess Whether Your Business is Franchisable
Not every business is a…
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