Franchising your business

Franchising your business may be a way to quickly and strategically achieve business growth.

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Advantages of franchising your business
Using a franchise business model to grow your business can provide these advantages
the ability to leverage your intellectual property  
an opportunity for quick business expansion  
strategically filling any current gaps in the market  
making use of opportunities before the competition does  
adequate capital and resource provisioning via franchisee involvement  
solving personnel problems by providing motivated owner/operators  
increased retail-based business sales driven by franchisees’ vested interest  
What do you need to do to set up a franchise?
If you are considering adopting a franchise business model, you will need to
carry out a viability study  
understand cashflow for a franchise set-up  
ensure royalty fees cover the services promised to franchisees  
have a business model that maximises the franchise system’s value  
implement a franchise agreement that allows you to sell (i.e. you have an exit strategy)  
Contact a franchise business specialist
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>  Franchise Association of New Zealand
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