Did you know that new business or product concepts can be franchised?
Conventional wisdom is a business concept should be tried in the market before franchising. This is certainly the safest strategy but if your concept is innovative and solid then, if you go about it the right way, you can launch your franchise early.
The risks for all parties are greater for start up concepts as franchises but many of these risks can be mitigated and pricing can also reflect the risks. Early franchisees may be rewarded with greater discounts or benefits than if they joined a long established franchise system.
Franchises are businesses and business are about entrepreneurialism and risk and reward. Talk to us about how to franchise your new concept.