I have a successful business model, what do I need to consider before franchising?

Sarah Stowe

Before deciding to franchise your business, you need to decide and consider your exit strategy Ð where do you want to be and what shape do you want your business to look like. Consider, do you like working with people? Developing your business further with Research and Development (R&D)? Are you willing to put your business under heavy scrutiny in the due diligence process while transitioning into a franchising model?

Sherpa Group knows that you are highly qualified and passionate when it comes to knowing about your business. We are the most qualified and passionate team when it comes to being experts in helping you franchise or license your business. We will begin with a viability report where Òwe get our hands dirtyÓ and truly become a part of your team, working right beside you. In the viability report we will look at management, market, financial implications, exit strategy, your business model, systems, and processes.

Your business needs to be successful, simple to duplicate, profitable, indicates longevity in the market place and is unique Ð donÕt just be good Ð be exceptional! As we say if you have queues coming into the store then you might be ready to franchise, but remember donÕt be afraid to ask questions and seek professional advice. The massive success of Cartridge World was due to the original owner seeking a franchise experts advice Ð the rest is history!

Check Out our Top 10 Tips for becoming a Franchisor by clicking on the link below! 

Contact Sherpa Group to find out more and receive a free Sherpa Guide which includes helpful tips on starting a franchise or buying a franchise.