Our Franchise Business Planning is the Blueprint for your business.
Before we embark on the Franchise Business Planning we first carry out an assessment of your business. Your consultant will study the business and its market to identify what is needed to realise its franchise potential. They will make suggestions for any modifications to the business in order for a smooth transition to franchising. Learn more about Getting Started With Franchising.
The Development Plan – Franchise Business Planning
When analysing why franchisors fail, it is often not because their product or service was unappealing to customers or clients. It is simply because they chose the wrong approach to offer the franchise to the market.
Time needs to be taken to look closely at the financials and project. It is important to establish the revenue streams for you as a franchisor, as well as for your franchisees. There must be evidence of a worthwhile reward for you AND your franchisees – with a return on their investment of time, ability and money.
Once you have settled on the format of your franchise business, it should be possible to map out the franchise development growth strategy and engage professional advisors. Therefore ensuring that you keep heading in the right direction in attending to all the detail that will need to be considered, and developed, before launching.
The Risks of Franchising
There are risks in expanding any business and in franchising; your responsibility is to create a win-win strategy so that both you and the franchisees succeed.
Moreover, creating a franchise offer is entirely different from normal trading activity in relation to your original business. You are about to embark on running a completely new business, focusing on helping others to succeed. That means using your model, with your support, training and ongoing development. It is very much a people and organisational centred operation. For that reason, we do advise that you take professional advice at the outset. We find that companies frequently underestimate exactly what will be involved in creating and developing a successful franchise. Creating a franchise offer is entirely different from normal trading activity in relation to your original business.
There is no substitute for real experience – hence the phrase ‘fail to plan’ then ‘plan to fail’ is often proven accurate!
We Can Help You
To find out how Ashtons Franchise Consulting can help you transform your business into an established national franchise with a Franchise Development Business Plan, call 0330 016 0028, email firstname.lastname@example.org or complete our online enquiry form.