{"id":2362,"date":"2022-05-31T12:43:12","date_gmt":"2022-05-31T12:43:12","guid":{"rendered":"https:\/\/www2.franchiseopportunities.com\/blog\/?p=2362"},"modified":"2022-07-07T18:21:07","modified_gmt":"2022-07-07T18:21:07","slug":"franchise-development-process","status":"publish","type":"post","link":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process","title":{"rendered":"What Is the Franchise Development Process?"},"content":{"rendered":"<div style=\"width: 100%;\">\n<h2><b>What Is the Franchise Development Process?<\/b><\/h2>\n<p>As much as you might dream of overnight success, your franchise can\u2019t be built in a single day. In this article, we\u2019ll show you how to start a franchise and the steps in developing a franchise plan.<\/p>\n<h2><b>Design Your Franchise Model<\/b><\/h2>\n<p>One of the first steps in developing a franchise plan involves your actual franchise model. Before you can launch your franchise, you\u2019ll need to consider the type of business you intend to run.<\/p>\n<\/div>\n<div style=\"width: 100%; clear: both;\">\n<p>Here are some questions to ask as you consider how you plan to start your franchise:<\/p>\n<ul>\n<li aria-level=\"1\">What geographic areas or markets do you wish to explore?<\/li>\n<li aria-level=\"1\">How much experience do you expect from your franchisees?<\/li>\n<li aria-level=\"1\">How much will you charge for your franchise fee?<\/li>\n<li aria-level=\"1\">What royalty percentage will you receive from the franchise?<\/li>\n<li aria-level=\"1\">Will you supply any equipment, or will franchisees need to buy their own?<\/li>\n<li aria-level=\"1\">How will you market your franchise?<\/li>\n<li aria-level=\"1\">What sort of training will you provide your franchisees and their employees?<\/li>\n<\/ul>\n<p>The answers to these questions will influence everything else about your business, especially your revenue potential.<\/p>\n<h2><b>Register as a Franchisor with the FTC<\/b><\/h2>\n<p>Next, you\u2019ll need to legally register as a franchisor. To do so, you\u2019ll need to register with the Federal Trade Commission (FTC) and submit the following documents:<\/p>\n<ul>\n<li aria-level=\"1\">Franchise agreement<\/li>\n<li aria-level=\"1\">Franchise disclosure document<\/li>\n<\/ul>\n<p>The process is relatively straightforward, and franchisors can immediately begin selling if they operate in states that do not require a separate state franchise registration.<\/p>\n<h2><b>Register as a Franchisor in Your State<\/b><\/h2>\n<p>The next step may or may not apply to your business. Some states require separate registration before you\u2019re allowed to operate a franchise in those states. These include:<\/p>\n<ul>\n<li aria-level=\"1\">California<\/li>\n<li aria-level=\"1\">Hawaii<\/li>\n<li aria-level=\"1\">Illinois<\/li>\n<li aria-level=\"1\">Indiana<\/li>\n<li aria-level=\"1\">Maryland<\/li>\n<li aria-level=\"1\">Michigan<\/li>\n<li aria-level=\"1\">Minnesota<\/li>\n<li aria-level=\"1\">New York<\/li>\n<li aria-level=\"1\">North Dakota<\/li>\n<li aria-level=\"1\">Rhode Island<\/li>\n<li aria-level=\"1\">Virginia<\/li>\n<li aria-level=\"1\">Washington<\/li>\n<li aria-level=\"1\">Wisconsin<\/li>\n<\/ul>\n<p>If you operate in one of these states, you\u2019ll need to complete a separate registration process for each franchise location.<\/p>\n<p>Be advised \u2014 that this process can be relatively slow, so make sure to budget in time to complete this process before launching your franchise.<\/p>\n<h2><b>Hire Staff to Manage Your Franchises<\/b><\/h2>\n<p>Running a business is a lot of hard work, and if you also decide to operate a franchise, you\u2019ll find that your daily tasks multiply rapidly. That\u2019s why it\u2019s wise to hire staff members who also know how to start a franchise and manage its regular operations.<\/p>\n<p>Who should you hire for your franchise management team? Consider such positions as:<\/p>\n<ul>\n<li aria-level=\"1\">Real Estate expert<\/li>\n<li aria-level=\"1\">Marketing expert<\/li>\n<li aria-level=\"1\">Social media manager<\/li>\n<li aria-level=\"1\">Training specialist<\/li>\n<li aria-level=\"1\">Salesperson<\/li>\n<li aria-level=\"1\">Shipper and receiver for supplies<\/li>\n<\/ul>\n<p>Depending on your industry and specific needs, you may consider other positions, but these positions will provide valuable assistance in managing your franchises. This way, you can focus on growing and developing the core aspects of your business.<\/p>\n<h2><b>Market Your Franchises<\/b><\/h2>\n<p>Now comes the fun part. Once your infrastructure is in place, you\u2019re ready to find potential franchisees.<\/p>\n<p>This can be a rewarding process but also a challenging one. After all, you\u2019re trying to convince potential franchisees to invest a considerable amount of money into your franchise, which could be one of the biggest decisions of their lives.<\/p>\n<p>You\u2019ll have to find compelling ways to convince them that the promise of future rewards offsets the upfront costs and risks.<\/p>\n<p>Here\u2019s a tip: use hard numbers. Talk about revenue potential, and use recent sales figures to illustrate the success you\u2019ve already seen at your other locations. But don\u2019t forget to make it personal. Tell your own story of success, and offer insight into how a franchise can help others reach their full potential.<\/p>\n<h2><b>Support Your Franchise Operators<\/b><\/h2>\n<p>Finally, you\u2019ll need to support your franchise operators. The degree of support you show is up to you, but you can help your franchisees with things like:<\/p>\n<ul>\n<li aria-level=\"1\">Marketing materials<\/li>\n<li aria-level=\"1\">Training opportunities<\/li>\n<li aria-level=\"1\">Supplies and equipment<\/li>\n<\/ul>\n<p>The support you provide can become a part of your sales pitch. Remind your potential franchisees that they can count on the support of the parent company, which eliminates the need to do their own market research or design their own media campaigns.<\/p>\n<p>It\u2019s also perfectly fine to expect your franchisees to pay for a portion of these materials from their operating budgets, especially since they\u2019ll receive a lower price than if they were solo entrepreneurs.<\/p>\n<h2><b>Learn More About How to Start a Franchise<\/b><\/h2>\n<p>Are you looking for more information about the steps in developing a <a href=\"https:\/\/www.franchiseopportunities.com\/great-franchises-c?\">franchise<\/a> plan? At FranchiseOpportunities.com, we\u2019re here to help. Contact us today, or fill out our online information request form.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What Is the Franchise Development Process? As much as you might dream of overnight success, your franchise can\u2019t be built in a single day. In this article, we\u2019ll show you how to start a franchise and the steps in developing a franchise plan. Design Your Franchise Model One of the first steps in developing a <a href=\"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  What Is the Franchise Development Process?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-franchise-information"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is the Franchise Development Process? - FranchiseOpportunities.Com Blog<\/title>\n<meta name=\"description\" content=\"Starting a franchise can be difficult and confusing if you don\u2019t know what to do. Here are the steps in the franchise development process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is the Franchise Development Process? - FranchiseOpportunities.Com Blog\" \/>\n<meta property=\"og:description\" content=\"Starting a franchise can be difficult and confusing if you don\u2019t know what to do. Here are the steps in the franchise development process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process\" \/>\n<meta property=\"og:site_name\" content=\"FranchiseOpportunities.Com Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-31T12:43:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-07T18:21:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.franchiseopportunities.com\/blog\/wp-content\/uploads\/2022\/05\/iStock-1302423375.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"813\" \/>\n\t<meta property=\"og:image:height\" content=\"429\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What Is the Franchise Development Process? - FranchiseOpportunities.Com Blog","description":"Starting a franchise can be difficult and confusing if you don\u2019t know what to do. Here are the steps in the franchise development process.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process","og_locale":"en_US","og_type":"article","og_title":"What Is the Franchise Development Process? - FranchiseOpportunities.Com Blog","og_description":"Starting a franchise can be difficult and confusing if you don\u2019t know what to do. Here are the steps in the franchise development process.","og_url":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process","og_site_name":"FranchiseOpportunities.Com Blog","article_published_time":"2022-05-31T12:43:12+00:00","article_modified_time":"2022-07-07T18:21:07+00:00","og_image":[{"width":813,"height":429,"url":"https:\/\/www.franchiseopportunities.com\/blog\/wp-content\/uploads\/2022\/05\/iStock-1302423375.jpg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process","url":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process","name":"What Is the Franchise Development Process? - FranchiseOpportunities.Com Blog","isPartOf":{"@id":"https:\/\/www.franchiseopportunities.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process#primaryimage"},"image":{"@id":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process#primaryimage"},"thumbnailUrl":"https:\/\/www.franchiseopportunities.com\/blog\/wp-content\/uploads\/2022\/05\/iStock-1302423375.jpg","datePublished":"2022-05-31T12:43:12+00:00","dateModified":"2022-07-07T18:21:07+00:00","author":{"@id":"https:\/\/www.franchiseopportunities.com\/blog\/#\/schema\/person\/c75ef6070876d4d8f62140382fd3f597"},"description":"Starting a franchise can be difficult and confusing if you don\u2019t know what to do. Here are the steps in the franchise development process.","breadcrumb":{"@id":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process#primaryimage","url":"https:\/\/www.franchiseopportunities.com\/blog\/wp-content\/uploads\/2022\/05\/iStock-1302423375.jpg","contentUrl":"https:\/\/www.franchiseopportunities.com\/blog\/wp-content\/uploads\/2022\/05\/iStock-1302423375.jpg","width":813,"height":429,"caption":"Franchise Development"},{"@type":"BreadcrumbList","@id":"https:\/\/www.franchiseopportunities.com\/blog\/general-franchise-information\/franchise-development-process#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.franchiseopportunities.com\/blog"},{"@type":"ListItem","position":2,"name":"What Is the Franchise Development Process?"}]},{"@type":"WebSite","@id":"https:\/\/www.franchiseopportunities.com\/blog\/#website","url":"https:\/\/www.franchiseopportunities.com\/blog\/","name":"FranchiseOpportunities.Com Blog","description":"FranchiseOpportunities.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.franchiseopportunities.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.franchiseopportunities.com\/blog\/#\/schema\/person\/c75ef6070876d4d8f62140382fd3f597","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.franchiseopportunities.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/632e7a710ecea382aa610bef7b3ac8ffa568a25593e3ae420d5ff65d189000c0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/632e7a710ecea382aa610bef7b3ac8ffa568a25593e3ae420d5ff65d189000c0?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/34.230.57.160\/blog"],"url":"https:\/\/www.franchiseopportunities.com\/blog\/author\/admin"}]}},"_links":{"self":[{"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/posts\/2362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/comments?post=2362"}],"version-history":[{"count":18,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/posts\/2362\/revisions"}],"predecessor-version":[{"id":2504,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/posts\/2362\/revisions\/2504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/media\/2391"}],"wp:attachment":[{"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/media?parent=2362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/categories?post=2362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiseopportunities.com\/blog\/wp-json\/wp\/v2\/tags?post=2362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}