Transforming Your Business Through Expert Franchise Development

Franchising Your Business-The Process

Journey to Becoming a Franchisor

Once you’ve decided to franchise your business, we will present you with a propoal to devleop you franchise sytem. Upon our receipt of the signed agreement and the initial payment, our formal due diligence process starts and the time-line to begin granting franchises begins.

Additional fact finding must be undertaken and due diligence must be maintained. Entities will need to be established, operations developed, and manuals and guides must be prepared. The FDD and related documents must be drafted, presented, and then filed with the state’s staff, and any comments the staff has must be properly addressed. These activities, and a number of other tasks, must be accomplished to achieve your franchising objective.

01)

Foundation Phase:

(Strategic Planning)

Review the company, refine objectives, anticipate risks, determine the services needed, and formulate a strategy to achieve the desired results.

02)

Corporate Development:

Establish the formal franchise business structure that acts as the foundation for organizational development, and asset and intellectual property protection.

03)

Departmental Development

Develop a franchise system that promotes cross-departmental communication; enhances training, tracking, and rapid knowledge transfer methods. Establish a systems that provides operational standards, and network oversight to avoid discontinuities in the franchise system.

Strategic Partner Introduction:

We can manage your audit and your FDD submissions, and advise you on integrating your software systems. However:

IQ Franchising is not a law firm. Proper Legal guidance is necessary to address the myriad of law, rule and regulations. We advise each of our clients to engage legal counsel to prepare 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)

Sales & Marketing Strategies

Develop sales & marketing initatives 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)

Software Integration:

Help create a software ecosystem that improves sales, increases efficiencies, and provides ease of access for customers.

06)

Sales Agent Introduction:

Finalize sales agent discussions, and, if applicable, begin the requested introduction process.

07)

Begin Granting Franchises!

(FDD Registration Approved)

Our mission

Empowering small business growth through franchising - creating great communities everywhere!

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