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Four Questions to Ask a Franchise Consultant

MSA Worldwide

By Michael Seid, Managing Director, MSA Worldwide You probably realize that you need more than just legal agreements and disclosure documents to be a successful franchisor. Some will offer you the legal documents without discussing their longer-term consequences. You are right.

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Expert Franchise Guidance For Strategic Growth

FMS Franchise

They assess how effectively your business processes can be documented, replicated, and taught to others who may lack your specific industry experience. Consultants also identify your unique selling proposition and competitive advantages that will attract potential franchisees and customers in various markets.

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MSA encourages Governor Newsom of California to sign SB 919, Franchise Investment Law: franchise brokers

MSA Worldwide

In recent years, the role of third-party franchise sellers in the franchisee recruitment process (including franchise brokers and franchise sales organizations) has continued to grow. Today, approximately one-fifth of the more than 3,000 franchisors leverage third-party franchise sellers to support franchisee recruitment.

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2. Let’s first understand what it takes to be a Great Franchise System

MSA Worldwide

Five Attributes of Great Franchise Systems In our previous article we discussed how to become a franchisor, all that’s required is a Franchise Disclosure Document and someone willing to invest in your opportunity. That is not a high or difficult hurdle.

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MSA Worldwide’s response to the FTC’s Request for Information on franchise agreements & franchise business practices

MSA Worldwide

The Regulatory Landscape With its adoption of 16 CFR Part 436 (the Federal Trade Commission’s Franchise Rule), the Commission has played an integral and beneficial part in franchising by mandating that franchisors prepare and present to prospective franchisees a prescribed disclosure document (the Franchise Disclosure Document).

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How Long Does it Take to Franchise Your Business?

MSA Worldwide

Legally, as soon as you have completed your legal documents , you are a franchisor. If your franchise offering is compelling, and these prospective franchisees are people who you want as franchisees, on average expect to close your first franchise sale within 120 days.

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Franchise Community Engagement Strategies

FMS Franchise

This could be done with regular community engagement roundtables or webinars, digital platforms for resource sharing and collaboration, recognition programs highlighting exceptional initiatives, and even case studies documenting successful implementations.