Franchise Development Consulting


     
Every day of the year a new idea is born in the entrepreneurial minds of hundreds, if not thousands of people, both in the U.S. and abroad.

Many ideas are great and will go on to make a solid basis for a successful business. Others will become an excellent candidate for a business model that has proven to make a great idea even better: a franchise business.
 
While there is a growing trend in franchising businesses the "great idea" has to become a structured business model with all the elements that can promote its successful growth.
 
Franchise fees can vary from a one-time payment under one thousand dollars up to several thousands. A combination of franchise fee and royalties is typical of the franchising business model, allowing the franchisor to continue gaining financial profits from the success of the franchisees.
  
Not all franchises are created equal
Star Franchise Systems can evaluate the level of franchising opportunity that your business presents through a series of pre-screenings, screenings and standardized evaluation processes.
 
Our franchise development process can design, create and implement one of these elements of the franchise business model that will satisfy a franchisor's legal requirement of providing substantial assistance.  you in creating a unique and marketable concept:
  

		Application Process Guidance
		Developing the Franchising Business Plan
		Establishing Marketing Strategies
		Professional Business Coaching for Entrepreneurs
		Operations and Method Manuals
		Product/Service Pricing Strategy
		Cost Analysis and Business Metrics
		POS Computer Systems
		Standardized Ordering and Procurement
		Franchisee Training Programs

We screen business to determine their current potential
A new or established business concept must experience a number of favorable conditions to become a candidate for franchising. There are variables and business environment factors that affect its potential, ranging from its competitive environment to the company's financial health.
 
We start the screening process with a concise "SWOT Analysis" (Strengths, Weaknesses, Opportunities and Threats) based on our knowledge and the variables that affect your current potential.
 
Upon completion of the SWOT Analysis we will create a Status Quo report that will define what the next step will be in creating your growth strategy.
  
Franchising is serious business, you must be ready for its demands
Franchisees are required to operate under a shared management system where the franchisor manages the business model offering substantial assistance and the franchisee is responsible for the daily management of the business concept.
 
In your business depends on a strong brand name, associated with above-average quality and performance, a commercial branding system would serve you better than a franchising system.
 
Branding benefits more from a licensing agreement, allowing you to license a manufacturer or distributor who can profit from your own brand's success.

If a franchise business model is not for you, Star Franchise Systems can also assist you in developing an alternate growth strategy. Contact us today to begin the pre-screening phase.