Frequently asked questions about franchising your business

 1.   Why should I consider franchising my business?

In today’s highly competitive marketplace, franchising has emerged as the single most effective and efficient means to dramatically expand without losing control of your existing business or incurring enormous debt. Not only can franchising help reduce the cost of business expansion, but it can also provide a tremendous competitive advantage from dramatically improved buying power, widespread name and brand recognition, rapid market penetration, and innovative new profit opportunities.

 2.   Why is this such a good time to become involved with franchising?

Throughout the country, all kinds of companies are finding themselves forced to become leaner by serious reductions in their workforce. The sad fact is many of these jobs are now gone forever, leaving ten of thousands of talented individuals in a desperate search for a new career path. For those facing such a serious situation, franchising offers a very appealing long-term answer to their financial needs.

 3.   Is a working prototype necessary in order to market a franchise?

It makes sense that, in order to produce multiple copies of a business idea, a working prototype would first be necessary to demonstrate the effectiveness and efficiency of the initial business model. Prospective buyers often feel the need to see first hand that the business they are considering is well conceived, properly organized, and is currently being operated successfully.

 4.   How much capital is required to franchise my business?

Franchising requires an investment in order to create the required legal documentation and systems. The amount required depends upon the individual needs and expansion goals of each unique business.

 5.   Is my business required to have an ongoing relationship with any franchisees?

The frequency or infrequency of the monitoring of your franchisees depends on what you, as the franchisor, deem necessary to support your franchisees properly. Naturally, as the franchisor, your requirement on this issue will be well documented in the Franchise Agreement.

 6.   Is there really that much documentation and legal requirements involved in franchising a business?

The franchising industry is quite highly regulated by the government. Prospective franchisors are often unaware of the incredible complexity of franchise laws and related paperwork. However, you can eliminate all your concerns over all these legal requirements, by choosing the right consulting firm. Orion guarantees that all documentation we produce for you will be in full compliance with all Federal franchising laws and regulations.

 7.   How fast can my company expand?

When it comes to the need to grow quickly before the competition does, franchising is an excellent growth strategy for affordable, rapid expansion. Instead of growing slowly by planning, financing and building one single company-owned unit at a time, franchised businesses are able to grow as quickly as the market demands.

 8.   How much time, effort, and expense will be required of my business in the marketing and sales of the initial franchise offering?

When dealing in such a heavily regulated field, franchise sales, should be supervised by experienced franchise specialists. As part of our comprehensive service, Orion is ready to conduct and coordinate the entire Introductory Franchise Sales Campaign.

 9.   How can I determine if my existing business is truly “franchisable?”

Such an important decision is best made with the assistance of well-experienced professionals after conducting a thorough, detailed analysis of the existing business model.

 10.   What is the best way to decide if franchising is right for my business?

The best way to accomplish this task is simply to contact Orion Franchise Consulting and arrange for a FREE CONSULTATION at your convenience, where we can examine your existing business model, educate you about the realities of franchising today, and then advise you as to the actual “franchisability” of your business and chances for franchise success.