If you are looking to franchise your business start with the basics:
1. Figure out your business model.
- What are the advantages of your business model?
- Did you test your ideas in real life? Did they work?
- How much money franchisee can make?
- What will be the franchise fees?
- What services and help will you offer to franchisees?
- Create manuals, procedures and policies.2. Register your trademark
Every franchise is based on some trademark(s). It should be distinctive name, which can be used in all areas where you want to start franchising without any conflict with existing marks. Visit www.uspto.gov for more information about trademarks.3. Create UFOC.
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