How To start a franchise

Franchising Best Practices

Before you decide to start a franchise, you should research the different options available to you. Look into the different types of franchises, the costs associated with each, and the potential for success. Here are 7 steps to take when choosing a Franchise, like Subway, to partner with. 

7 Steps To Buying a Franchise

1. Choose a Franchise: Once you have done your research, you can choose a franchise that best fits your needs. Consider the type of business you want to run, the amount of money you have to invest, and the amount of time you are willing to commit.

2. Find a Franchise Partner: Once you have chosen a franchise, you will need to find a partner to help you get started. This could be a franchisor, a franchisee, or a third-party consultant.

3. Get Financing: Before you can open your franchise, you will need to secure financing. This could come from a bank loan, an investor, or a combination of both.

4. Create a Business Plan: Once you have secured financing, you will need to create a business plan. This should include a detailed description of your business, a financial plan, and a marketing plan.

5. Obtain Licenses and Permits: Depending on the type of business you are running, you may need to obtain certain licenses and permits. This could include a business license, a food service license, or a liquor license.

6. Open Your Franchise: Once you have all of the necessary paperwork in order, you can open your franchise. This could involve hiring staff, setting up shop, and advertising your business.

7. Monitor Your Business: Once your franchise is up and running, you will need to monitor it closely. This could involve tracking sales, managing inventory, and making sure your employees are following the rules.

Why Business Coaching Is The Best Franchise Option

Here at ActionCOACH we are looking for individuals who want to become Business Coaching Firm owners. You don’t have to start from scratch because we have over 29 years of systems and processes. We offer a franchise partnership model that allows new partners to start their own firm in their own territory(s).

We have a new membership model that is working really great now. It’s cost effective for businesses owners and it allows new partners to coach groups of businesses at one time. Because of this, it takes about 80 Business members for a coaching firm to generate $1,000,000 in annual revenue. This can happen within your first 12-18 months of business. 

This is a firm, so you are not the Technician or a Business Consultant who is solving their issues hands on, you are advising and coaching them to help with long term business growth. Dont worry about experience because we provide you the system, our name, and intellectual property. You leverage ActionCOACH, not yourself. You are in business for yourself but not by yourself.

Unlike Subway, you will carry little to no overhead. No inventory, and you can really operate a huge business with light monthly operating costs. 

You can also scale this as wide and far as you want, and even hire coaches and be a passive owner. You can even sell the business just like any other business. To find out more, fill out the form below and one of our Business Development Specialists will be in touch with answers to your questions. 

Find Out How To Own an ActionCOACH Business Coaching Firm

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