Setting up a franchise can be tricky business. For one, it is someone else’s vision that you are trying to understand and adopt as your own. Secondly, even though it is your own startup in almost every sense, a lot of creative flexibility and business is dictated by the franchiser. Yet, it comes with all the risks that are associated with setting up your own venture.
But there are some easy to follow processes that one can apply to ensure you take all the right steps, and reduce the risk by nearly 50%. These are explained with the infographic below.