So, You Want to Franchise Your Business (50/66)

An out of the box suggestion is So, You Want to Franchise Your Business. If someone is starting a business, unless the idea is to build and sell the entity, a prudent entrepreneur must think expansion for the future. There are two options, either open units with managers, ala Starbucks, or alternatively: franchise. Franchising, by definition, is using other people’s money to expand. I suggest that before someone even starts a business they should understand what it would take to make it franchise-able. The best book for that is, So, You Want to Franchise Your Business by Harold Kestenbaum and Adina Genn.

Contributor: Tom Scarda, CFE | Facebook | Instagram | YouTube | LinkedIN

Company: tomscarda.com

Written by Nathaniel Fried

Co-founder of Fupping. Busy churning out content and building an empire.

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