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Is Franchising
Right For You?
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- Can you follow somebody else’s rules, even when you think you have a better way?
- Do you think you can change the franchisor’s system after you are on board?
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Do you think that your local market is different from all others in the system and that the franchisor is willing modify the system just to suit your needs?
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Can you trust (with some honest skepticism) that your franchisor is working for the benefit of the entire system – even when his or her decisions do not necessarily go your way?
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Are you willing to share financial information and provide required reports each month?
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Are you prepared to accept coaching and advice on business practices from your franchisor’s field staff?
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What Do
I
Typically
Get When
I Become
A
Franchisee?
-
Proven
Business
Model
-
A
Product
or a
Service
to
Offer
High
Quality
Customer
Service
-
Method
of
Doing
Business
-
Accounting
and
Finance
Systems
-
Forecasting
Methods
-
Strategic
Planning
-
Analysis
of
Market
Trends
-
Marketing,
Advertising
and
Promotion
-
Sales
Techniques
-
Product
Research
&
Development
-
Quality
Control
Methods
-
Training
in
Operations,
Sales
and
Administration
-
Customer
Relationship
Building
Tools
-
Pricing
Strategies
-
Real
Estate
Assistance
-
Human
Resource
Methods
-
Construction
and
Design
Assistance
-
Equipment
Specifications
-
Legal
Support
Steps To
Becoming
A
Franchisee:
-
Analyze
Your
Personal
Needs
-
Analyze
Your
Business
Goals
-
Determine
Type
of
Business
For
You
-
Research
Applicable
Franchisees
-
Obtain
Franchise
Packet
-
Submit
Request
for
Consideration
Forms,
Financials,
and
Resume
-
Obtain
and
Review
Financial
Disclosure
Document
(FDD)
-
Return
Receipt
of
Financial
Disclosure
Document
(FDD)
-
Speak
in-depth
with
Franchisor
-
Interview
Existing
Franchisees
-
Second
Interview
with
Franchisor
-
Visit
Franchise
Headquarters
-
Consult
with
Your
Attorney
&
Accountant
-
Enter
Into
A
Franchise
Agreement
-
Obtain
Real
Estate
-
Initial
Training
-
Complete
Construction
-
In
Store
Training
-
Open
For
Business
-
On-Going
Support
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RG2 Consulting, LLC,
Denver, CO 80209
Toll Free Number: 1-866-245-4481 Email:
info@rg2consulting.com
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