Turning Your Biz Into A Franchise

Sydney Morning Herald:

Now that you’ve finally got your own business performing really well, the question is: what next? One option you should certainly examine is whether this model could work for others under a franchise arrangement.

Remember, the great majority of franchise chains – including some of the world’s best known names – started off as a single, successful small business. The list includes McDonald’s, of course, and in Australia, the Oporto fast-food franchise company – and a great many other types of businesses besides food franchises.

Here’s a checklist to help figure out whether you have a potential franchise business in your hands.