Is Your Business Ready? Take Our Quiz
Are you considering expanding your company by Franchising – Is Your Business Ready to Franchise? Take Our Quiz….
Grab a pen and paper and jot down your answers….
How long has your company been trading?
a. Over 2 years
b. Less than 2 years
c. It is not yet trading
Is your product/service/ sufficiently different to your competitors to be attractive?
a. Totally unique
b. Unusual in its sector
c. Not unusual in any way
Are you committed to supporting others to succeed with your business model?
c. Want to be mostly in the background
How profitable is your business at the operating level?
a. Good profitability
b. Marginal or break even
c. Loss making
What systems and processes do you have?
a. Well prepared and can operate readily with training
b. Basic and in need of development
c. Very much a sole operator
How teachable is the concept?
b. Requires careful training
c. Needs previous experience or professional qualifications
Is the business sustainable in the long term and transferable across regions?
a. Popular long term business offer needed widely
b. Emerging service with long term potential
c. Fashionable but not sustainable
I understand and appreciate that franchising is a long term business approach where it is important that both the franchisor and the franchisee gain
b. See this as a 5 year project
c. See this as mainly to my benefit
So, is your business ready to franchise?
We Can Help You (whatever the answer is!)
If you scored mainly a’s or b’s you could be ready to franchise – let’s talk! Simply fill in the enquiry form and we will be in touch.
If you scored mainly c’s then the business model will need some adjustment before franchising and we can help you through that journey.
However, it doesn’t matter what stage you are at – we are always happy to chat – you can call us on 0330 016 0028.