10 Steps to Becoming a Successful Franchisor

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Make sure you have a win-win business model for both the franchisee and franchisor. What that means is that any time you’re doing a franchise system, you have to build one that’s mutually beneficial. “You can’t build a system that’s one-sided," says Ball. “You have to ask yourself how long will it take for your franchisees to get their investment back. We try to get our franchisees to break-even or make money within a year.”

Make sure you have a win-win business model for both the franchisee and franchisor. What…

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