The last post touched on Franchising Your Business. To continue learning more about factors to consider in franchising your business, I highly recommend this post on the New York Franchise Law Blog called Franchising Your Business: What You Can Learn from Existing Franchisors.
One of the most important points from the post is the fact you need to have adequate capital to franchise. Bootstrapping your business may be vogue now but franchising isn’t something where that works. It takes significant capital to run an effective franchise operation – even if it’s low cost franchise offering.
Bottom line, you can’t do franchising half way. It will come back to bite you big time.