The Franchise Process
Here are a few of the basic steps in expanding your business through franchising. Specific details of the franchise process fluctuate from industry to industry and from business to business – but commonalities do exist.
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Write a detailed business plan that includes business history, current market analysis, company vision and financial projections.
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Consult with Global Franchise before registering a trademark, hiring attorney, developing a marketing plan or corporate id, hiring and advertising agency, writing manuals and training programs. Laws and regulations vary from country to country, states and industries.
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Register your trademark or service mark to protect against infringement.
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Consult with a qualified attorney with expertise in franchising and intellectual property.
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Complete legal documents in a thorough and timely manner.
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Develop a marketing and advertising strategy that establishes a uniform company look and customer experience.
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Write operating manuals and create a standardized training program.
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Establish initial and ongoing support for franchisees, including maintaining continuous involvement and communication.
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Develop a management team to help open new franchises and offer advice to franchisees about site selection.