Francorp - The Franchising Leader in the Philippines
Francorp - The Franchising Leader in the Philippines

Franchise Hotline : (+632) 638.3149 to 50

Franchising Checklist

  1. Assess the feasibility of Franchising
    • Gather information
      • Attend Franchise Seminars & Webinars
      • Read books on franchising
      • Talk with a Franchise Analyst
      • Take a Franchisability Quiz
      • Looking at all of your growth options
        • Grow internally
        • Find investors
        • Franchise
          • Franchise
          • Business opportunity
          • Licensing
  2. Meet with a Franchise Consultant
    • Tour the Headquarters
    • Are the systems in which the consulting firm follows in developing your franchise program proven
      • In-House vs.
      • Outsourced
    • How many years has the firm been in business
    • Review their client list
    • Call references
      • Why did they choose to work with consulting company
    • Is the work done in house by fulltime employees
    • Is it clear that the communication between the employees working on your program is free from barriers like:
      • Not working together
      • Having to work communicate via phone, instead of face to face
      • How many times a week do the employees see each other
      • Working at different locations
    • Is there a project manager to head up your project
  3. Do you really want to franchise
    • Meet face to face with consultants at their place of business for advice
    • Talk with business advisors, close friends, and family
    • Evaluate your current resources for moving forward with franchising
      • Financial
      • People
      • “The heart” or Drive
  4. Moving forward with franchising
    • Hiring a consultant and finding the right company
      • Do they have a proven business system
      • Go to place of business
    • Hiring a lawyer
  5. Mistakes to avoid while looking at franchising
    • Do not make assumptions
    • Do not meet with a lawyer only
      • Legal documents do not drive the business
      • All lawyers claim to be franchise specialists
    • This is not easy to do if you have never franchised a business before
    • Developing a franchise company is much different than being a franchisee