Transforming Your Business Through Expert Franchise Development
Journey to Becoming a Franchisor
Once you decide to franchise your business, we initiate a structured development roadmap built on a portfolio of interrelated projects. We begin by presenting a detailed proposal that outlines each critical initiative within the franchise buildout. Upon execution of the agreement and receipt of the initial payment, our Foundation Phase begins—a focused two-week due diligence process that lays the groundwork for your franchise system.
During the Foundation Phase, we conduct a thorough analysis of your operations, assess readiness, and define the scope of each project within the portfolio. This stage enables both parties to align expectations, validate assumptions, and confirm strategic fit before proceeding with full franchise development.
Each subsequent phase is managed as a discrete project—ranging from entity formation and operational system design to the development of manuals, training programs, and management of regulatory compliance. The Franchise Disclosure Document (FDD) and related agreements are drafted, submitted, and refined as needed in response to feedback from state regulators.
Throughout the process, we apply Lean Six Sigma methodologies to optimize quality and efficiency. Using tools such as SIPOC analysis, process mapping, and risk assessments, we ensure that your franchise system is scalable, compliant, and built for long-term success.
01)
Review the company, refine objectives, anticipate risks, determine the services needed, and formulate a strategy to achieve the desired results.
02)
Establish the formal franchise business structure that acts as the foundation for organizational development, and asset and intellectual property protection.
03)
Develop a franchise system that promotes cross-departmental communication; enhances training, tracking, and rapid knowledge transfer methods. Establish a system that unifies operational standards and provides network oversight to avoid discontinuities in the franchise system.
IQ Franchising is not a law firm. Proper legal guidance is necessary to address the myriad of laws, rules, and regulations. We advise each of our clients to engage legal counsel to prepare and submit the FDD, and to address possible state comment letters. We can provide introductions to legal counsel.
IQ Franchising is not an accounting firm. Formal financial review is necessary for full financial transparency. We advise each of our clients to engage an accounting firm versed in franchise auditing practices. We can provide introductions to accounting firms.
IQ Franchising is not a software company. Technology is a key component to a successful franchise network. We advise our clients to engage a firm that can implement systems to meet immediate needs, and evolve systems as the network grows. We can provide introductions to software companies versed in system integrations.
04)
Develop sales & marketing initiatives that establish a unified voice across platforms, and attracts potential franchisees.
Develop a sales & marketing plan to support franchisees in their local marketing efforts.
05)
Help create a software ecosystem that improves sales, increases efficiencies, and provides ease of access for customers.
06)
Finalize sales agent discussions, and, if applicable, begin the requested introduction process.
07)
Empowering small business growth through franchising - creating great communities everywhere!
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