How to Expand Your Business Though Franchising 2014 | Page 20

3 Steps to Speak to your franchise lawyer about your franchise plans and team. Certain franchise lawyers will have a program, a very affordable program, where they will not only be available for you during the development process, but also after you launch. At my firm we have monthly conference calls with our franchisor clients after they launch. We also put our franchisors in touch with each other. So, you need to know that there is a network out there, and I can tell you as a franchisor myself, franchisors do help each other out by sharing experiences and advice. STEP 3 Start Selling The third step after you get started, put together a franchise plan, set up your “management team” (even if it is just you) and your franchise development program is complete, is to start selling franchises. During the sales process, you need to remember that starting slow is better than fast, and when you sell a franchise, you need to ensure that you can and will support those franchisees. When I say support, I mean that you will provide them with initial training, be available to answer their questions, provide them with marketing materials, review what they are doing, and ensure that they are taking the right steps. If you do that, and you create one or two successful franchisees, what I can tell you is that you are going to see other growth opportunities, you are going to see demand for your franchise, and along the way, you should be continuously improving and expanding your franchise system as a whole. 15 • THE INTERNICOLA LAW FIRM, P.C. 1 Develop a Franchise Compliance Program and work with an experienced franchise lawyer who has a plan. This stage is critical as the