Entrepreneur.com:
Question:
I have created a garage improvement company in Boise, Idaho in the past 6 months. I considered purchasing a similar garage improvement franchise, but decided that I did not have to go that route. My company is ready to be launched and I have interested parties in other parts of the US. Although my company is new, I have little doubt that if I structure the business operations right, we could quite possibly exceed outfits like Premiere Garage.
Answer by Jeff Elgin:
Whether to use dealerships, franchises or some other strategy to expand your business is a very big question and the correct answer is that it depends. There are any number of factors to consider and your personal and professional situation, combined with the goals you have for the business, will drive your decision on the growth strategy that’s best for you.
My advice would be to start first with an initial consultation with an experienced franchise and business opportunity attorney. You can get referrals easily from the International Franchise Association or other sources, but make sure the attorney has a practice specializing in these forms of legal entities. Initial consultations are usually free or low cost and you can find out what the legal requirements and projected costs are to get your business set up to franchise or have dealerships or other forms of business opportunities…
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