Starting A Franchise

Starting a Business or Franchising

1. First, write a business plan, a basic outline of what you want to invest in or the type of business you want to start from scratch.
Always thing of your strengths, your back round, what are you good at, what type of knowledge you already passes.

2. Learn about protecting yourself and the business entity by starting an LLC. Or a C or S Corporation.

3. Seek the advice of a competent Lawyer, Accountant, a Stock Brokers/Financial advisor, Banker and a Business Consultant.

4. Learn about sales and marketing

5. Do you have good leadership skills or would you need help.

6. Research and development will be key to your success.

7. Ask yourself are you innovative?

8. You will need a good web site developed.

9. Learn about growth Strategies.

10. Always have reserve capital, this is a must.

11. Never sign a long term lease if possible, always have options in your lease to renew at a set price or (CPI) Consumer price index of 2-4 percent.

12. After you have built a successful business think about an Exit strategy.

13. Trademark your business by using a trademark Attorney.

14. When designing your operations manual you will want to do a lot of research, take plenty of notes as your business grows, and if need be update your ops manual as needed.

15. Look into hiring a copy rights attorney for your documentation.

16/ Before buying or starting a Franchise go directly to current owners of different types of franchises ask questions, listen and learn about the pros and cons,

Please call or email me for hourly consultation
Joel Banks

770-641-8000

info@BuySellLease.com