Franchise Your Business
A Practical Guide for Entrepreneurs and Business Owners to Grow their Business through Franchising
What you'll learn
- Franchise their business - the process will be clear
- Assess whether your business is suitable for franchising
- The pitfalls and benefits of franchising
- What to expect and key things to be aware of
- Identify the ideal franchisee for your business
- Understand what you need to do to prepare your business for franchising
Course content
2 sections • 19 lectures • 2h 47m total length
- 1. Introduction to the course (1:21)
- 2. What is franchising? (4:38)
- 3. Pyramid Schemes (4:51)
- 4. Why should you franchise your business? (7:27)
- 5. Why buy a franchise? (4:05)
- 6. Pilot operations (5:50)
- 7. Steps to pilot - part 1 (11:08)
- 8. Steps to pilot - part 2 - fees (5:46)
- 9. Steps to pilot - part 3 (12:13)
- 10. The Operations manual (18:08)
- 11. Show me the money (15:53)
- 12. Franchisee WANTED! (13:19)
- 13. Franchisees NOT wanted! (10:17)
- 14. Next steps - franchisee recruitment (8:38)
- 15. Selecting your franchisees (9:32)
- 16. The Franchise contract (8:14)
- 17. The franchisors organisation (14:01)
- 18. The franchisor / franchisee relationship (6:42)
Requirements
- It's useful to have a pre-existing business as then you can apply the material on this course to it
Description
Introducing the ultimate course to expand your empire - Franchise Your Business. This practical course teaches you how to franchise your business, effectively and efficiently. With the guidance of an experienced course tutor who has franchised a business herself, you'll learn everything from the pitfalls to the best practices of franchising your business. No more expensive consultants, just the knowledge you need to make it happen.
This course is designed for entrepreneurs and business people who want to grow their business through franchising. Whether you're in the food service industry, cleaning services, or dog walking, this course is for you. If you have a successful business and a model that can be replicated, then franchising is the perfect solution for you. By franchising your business, you can expand your brand and reach, while helping others achieve their dream of business ownership.
This course provides a step-by-step guide to franchising your business. You'll learn how to assess whether your business is suitable for franchising, who the ideal franchisee is, and what you need to do to be ready. You'll also learn about the ongoing relationship between franchisee and franchisor, how to draft the perfect franchise contract, and how to make the money add up. In addition, you'll discover the alternative to franchising and the benefits of franchising.
This course includes everything you need to get started. You'll receive a sample franchise contract, the book 'How To Franchise Your Business,' confidentiality agreements, example prospectus, template contents page for writing your manual, and initial application form. Plus, you'll learn how to write an operations manual, what it should cover, and how to market your franchise. You'll also discover the best practices for selecting your franchisees, finding the right people, and structuring your franchised business.
With approximately 3-4 hours of content, this course is structured around the different steps you need to take and the factors to consider when franchising your business. This is not just another theoretical course, but a practical guide from an experienced tutor. Make your dream of expanding your empire a reality with Franchise Your Business.
Who this course is for:
- Existing business owners with a business in mind that they're thinking of franchising
- Franchising consultants or would-be consultants
- Individuals who are seeking to expand their knowledge about franchising and its potential benefits
- Those who are considering franchising as a growth strategy