Franchise Attorneys Hackensack NJ
Michael J Brady
130 Main St
Commercial, Banking, Franchising
Kenneth K Lehn
21 MAIN STREET PO BOX 647
Litigation, Franchising, Employment, Ethics, Real Estate
Columbia University School of Law,Columbia University
Daniel M Eliades
80 Route 4 E Ste 290
Bankruptcy, Franchising, Debt Agreements
Seton Hall University School of Law,Trenton State College
Robert E Turtz
115 River Road, Suite 1206
Business, Real Estate, Commercial, Franchising, Appeals
Harvard University Law School,Massachusetts Institute of Technology
DC, New Jersey
Denise Seldman Benun
444 MADISON AVE
NEW YORK, NY
Intellectual Property, Franchising, Securities Offerings, Business
Brandeis University,Columbia University,New York University
Harvey A Miller
25 MAIN STREET PO BOX 800
Real Estate, Banking, Franchising, Intellectual Property, Financial Markets And Services
Rutgers, The State University of New Jersey School of Law - Newark (S.I. Newhouse Center for Law & J
811 QUEEN ANNE RD
Residential, Commercial, Litigation, Franchising, State, Local And Municipal Law
Yeshiva University, Benjamin N. Cardozo School of Law,George Washington University
David Salvatore Catuogno
80 Route 4 E Ste 290
Laurence R Slous
250 BELLEVUE AVE
UPPER MONTCLAIR, NJ
Real Estate, Business, Corporate, Banking, Franchising
New York University School of Law,Cornell University
New Jersey, New York
Brian D Jr Porch
488 Madison Ave
New York, NY
Real Estate, Franchising, Commercial
How To Franchise Your Business
If your business is doing well, and your products or services are in high demand, it may be time to think about franchising your business. Franchising not only provides customers with the choice of buying products and services from a name that they know and trust, it also allows the franchising business owner to grow and increase sales and profits to their full potential.
Since franchisees usually pay all the startup costs, one of the greatest things about franchising your business is that it doesn't take much capital on your end. However, there are costs involved. The main costs are having an operations manual written, implementing a training program for your franchisees, writing and implementing a marketing plan, legal costs and costs associated with other professional assistance.
The first step to franchising your business is to find a good franchise attorney. This professional will write all the basic legal documents, including your Uniform Franchise Offering Circular (UFOC) and your franchise agreement. They will also work to ensure that your trademark is protected and help you comply with the franchising laws in your state.
You will also need to have an operations manual written. This is the guideline that your franchisees will be required to follow. Its purpose is to help franchisees run successful businesses and to protect your trademark and other copyrighted material, by telling franchisees how they can and cannot use your material.
The operating manual should ensure quality control, by making sure that the franchisees follow a certain protocol. The manual covers topics such as opening procedures and day-to-day operations of a franchise. Furthermore, the operations manual should put limits on your liability when it comes to the actions of franchisees and their employees. Work with your lawyer and your accountant if you are writing the manual yourself. Otherwise, hire a professional consultant or franchise company to take care of this for you.
You will need to design and implement a training program for new franchisees. Training the people who will own franchises will be vital to their success, which is a reflection of your success as well. This may require training manuals, as well as personnel to do the training. A business coach or consultant can help you design the right training program for the type of business you are franchising.
Finally, you will need two marketing plans – one to market your franchise opportunity to potential franchisees, and another to market your franchise to potential customers. The marketing of all of the franchises is usually paid for with the marketing pool fund, which each franchisee contributes to, as agreed to in the franchise agreement. You should have a solid marketing plan in place, as potential franchisees would want to know about it in advance.
Marketing the franchise opportunity is a bit easier. You can market your franchise online at franchise op...
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