If your small ‘mom and pop’ shop starts to get recognized in a particular community and becomes quite popular, perhaps it will be just as popular in another community too. Moreover, if your business has a particular look or identifiable brand, and a portable business model, perhaps franchising is the smartest next step for your business. Franchising is a unique way to grow your business that involves licensing your brand and business model to a franchisee. A franchisee will use their own start up capital to open up a shop that is exactly like the flagship store and will pay you a commission of the monthly or annual sales. Here are 5 things consider before franchising your business.
By: DAVE777 http://www.enterprisedojo.com