Interested to learn more about becoming a franchisor? These resources can help.
the personal touch, says Libava.
These are entrepreneurial types
willing to take a risk on your
budding business idea. In return,
expect more face time with
top managers and input into the
If used to being the boss
and calling all the shots, prepare
to learn collaboration skills, says
Libava. be worth it: Franchisors
who listen to early feedback often
gain valuable new ideas for growing
For instance, the idea for the
house of the contest at HomeVestors came from
a franchisee, says co-president
Hicks. A new iPad app the company
introduced that lets franchisees
evaluate a profit potential
and its repair needs on the spot was
also a franchise sugges-
The International Franchise Association:
Publications and websites:
tion. of our good suggestions
come from he says.
Besides taking their suggestions, be prepared to offer extensive, ongoing training and support
to make sure your owners succeed.
New franchise owners at Mosquito
Joe are assigned a business coach
So You Want to Franchise Your Business by
Franchise Your Business: The Guide to
Employing the Greatest Growth Strategy Ever by
who works with up to 25 company
franchisees, says CEO Wilson.
franchisees can apply to become
who provide support to new franchisees
through ongoing training and advice. pay them to support the