• The Franchisor is reponsible for protecting and growing the brand
• The Franchisee is responsible for following the system

The Franchisor should be focussed on:-

• Building and Maintaining the Brand
• Developing the Operational System
• Supporting the Franchisees
• Continually Developing the Business

Within this article we look at the key stages of developing a Franchise Model.

A business ‘partnership’ in which one party permits the other ‘partners’ to replicate a proven business system, operating under a common brand, in return for initial and ongoing fees. It allows a third party to legally copy your business in exchange for an upfront payment and ongoing management services fees.

To franchise a business you need the following factors:- 

There are a number of business models you can adopt to grow your business. We have outlined details of different models below with own particular advantages and disadvantages and what will be required to ensure success.

 The models you can consider are:

• Organic growth
• Joint Ventures
• Franchising
• Licensing
• Agency
• Distributors