How to Design a Franchise Model- Building the Product

by FMS Franchise | Articles
3 minutes
How To Design A Franchise Model Building The Product
Table of Contents

Creating a Franchise – Form Vs. Function:

Franchising is a viable and effective way to build a business, brand, and operating model across markets with speed and efficiency.  It has been proven to be one of the most effective and profitable business growth systems in the world over the past one hundred years.
In the United States alone, the franchise marketplace produces over $1.5 trillion in annual revenue.  There are over 1 million franchised business locations in the United States and over 4,000 franchisors.  It is as “proven” as an expansion vehicle can get and has literally epitomized American consumerism.
So why is it that some businesses just don’t make it as a franchise and can’t get a brand off the ground while others seem to not be able to lose?  There can be lots of reasons, some of them have to do with just plain luck, but many of them are tangible and can be planned for.
The same can be said about the athlete with loads of talent who can’t make it past high school athletics vs. the average athlete who works hard and makes it to the big leagues through sheer focus and hard work to beat the odds – there was probably luck involved, but one just flat out prepared more and worked harder at it.
To begin, there are two sides to a franchise as to whether it can or should be sold – Form vs. Function.  The first is in relation to how “Good the business looks” on the surface and to the untrained eye of a franchise buyer considering the investment in a particular franchise business.
When considering whether to franchise a business, you need to consider both the “face” of the business in addition to the value of the operating system. How do you make a business look appealing as a franchise?
1.  Have some style – put time, effort, and thought into your brand, don’t choose the first logo your web designer offers, create something you are proud of.

2.  Have a brand! – You can’t sell yourself, the business needs to have a personality, message, and value proposition that is evident and clear in how you have positioned your company.

 

3.  Show it off – Have a website that looks pretty.  It seems simple, but the average franchise buyer doesn’t waste much time if they aren’t seeing something that catches their eye quickly in evaluating the franchise model.

 

4. Marketing Supplies – Make sure to have materials that show off your business, brand, and concept to both the franchise buyers and the consumer….yes, the franchisee will want to see the materials you use to market and sell your services or products.

 

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