Sunday, January 24, 2010

Small Business Franchise – Do you have what it takes?

Small business franchise opportunities are one possible avenue of business ownership. Franchising is the right to own and operate an outlet of an established business. Franchising is a brilliant plan for a small business with a model that can be easily duplicated.

Small business franchising offers a great potential for growth; but, is it right for you? Small business franchising is for very ambitious entrepreneurs who want to grow their business significantly. Do you have the energy and stamina to operate a fast-growing, small business franchise?

Successfully operating a small business franchise requires excellent management skills as well as a focused interest in management. Do you possess leadership qualities and management skills?

Are you a people person? To run a successful small business franchise, you need a like-minded team of professionals on your side. Franchisees are more likely to invest in a franchise with a strong team than a one-man-show.

Have you proven your business concept to be profitable? If you have several outlets making a healthy profit, imagine the potential with several hundred or several thousand outlets.

Successful franchises are formed by creative, innovative people who bring something new to the table and make a difference in a specific industry. Do you have an original idea that will satisfy a unique niche? If so, small business franchising could be right for you.

Your business should make a unique impression on your customers to help distinguish you from the competition. Customer experience is extremely crucial to successful franchising. Does your business provide a predictable experience to your customer base?

If your small business meets several or all of the above criteria than franchising could be a great opportunity for you. If your small business is an ideal model for a franchise then you have taken the first giant step. The next step is to educate yourself by learning all you can about franchising and how to go about franchising your small business.

Small Business Franchise – How to Franchise your Small Business

Small business franchising is a great idea for those who have a successful, proven business model that can be easily duplicated. Does your small business satisfy a unique market niche? Do you know what it takes to become a franchisor? Here are some tips to successfully franchising your small business.

Work with a franchise consultant to improve your chances at success. An experienced franchise consultant will help you through the process. You will also need a franchise attorney to prepare business and legal documents.

Now you need to market your small business to find franchisees. You must sell your business concept to potential investors. Your franchise consultant can help you with this. Be sure to learn and follow the FTC rules and regulations in creating a prospectus.

As the CEO of a small business franchise you will need to redirect your focus. You are no longer a sole proprietor. You will need to step away from the operational side of your business to focus on finding franchisees through marketing and networking. Attend speaking events, speak at seminars and network with business owners and entrepreneurs to generate leads.

FranchiseSforSale.com is an online lead generation tool for franchisors. Their targeted matching system enables them to provide franchisors qualified leads for a meaningful match and a greater chance of a franchise award. FranchiseSforSale.com takes great pride in client satisfaction and they are only paid for performance as a franchisor signs a new franchisee that was referred by the company. FranchiseSforSale.com is a valuable resource for franchisors and franchisees in the U.S.