Setting up a Franchise

Are you looking at setting up a Franchise? Franchising is a great way to build distribution of your existing product or service, especially if you have a great business model and brand.

Before you start Franchising it is important to have a few things in place, these include;

• A Strong Brand, ideally protected by trademarks
• A documented business model, you should have a full operations manual (if you don't this will be one of the first things you need to start work on before you Franchise your business
• Proper legal structures in place
• A strong and ideally unique business model that gives you an advantage over your competitors
• A clear idea of how you want your Franchise to operate

Franchising your business can be expensive but if you do a lot of your homework before you begin then you will minimise costs from professionals like Lawyers and Accountants.

At Small Business Works we have lots of experience helping new Franchisers set up their business as well as advising potential new Franchisees across various Franchises. If you would like an obligation free discussion of your needs please contact our Franchise Accountants here or call the office on 1800 556 122