To Franchise or not to Franchise?

For small businesses growing beyond one outlet can be difficult and expensive. The more you grow the more capital you need. Franchising your business can be a good way of expanding yet keeping costs minimal.

So how does franchising work? Well, to start with, your business needs to be successful. Nobody will want to franchise a business from you if it doesn’t make money. A franchised business needs to generate enough profit to make money for both the franchisee and you. …