The outright sale of a business doesn’t often take place until it has been trading for a long period of time.
This thread is intended to produce some ideas for those who see an opportunity to develop a business that could be saleable after a year or two of profitable operation.
My point is that if any business is saleable at any stage in its life, it can probably be franchised with all the benefits resulting from growth that might otherwise take many years by way of usual growth strategies.
I have already posted a chapter of my franchising book outlining what I see as the necessary criteria for a business to be suitable for franchising. See: Rapid Scaling a business by franchising
What I am suggesting is that it could be worth considering starting a business specifically with the intention of franchising it in a relatively short time.
The possibilities are endless. I listed in my book nearly 100 types of businesses that are already being franchised, but real entrepreneurs won’t need to read through that list. It might start the thinking process, but you will find many lists of business types on Google.
Walter
This thread is intended to produce some ideas for those who see an opportunity to develop a business that could be saleable after a year or two of profitable operation.
My point is that if any business is saleable at any stage in its life, it can probably be franchised with all the benefits resulting from growth that might otherwise take many years by way of usual growth strategies.
I have already posted a chapter of my franchising book outlining what I see as the necessary criteria for a business to be suitable for franchising. See: Rapid Scaling a business by franchising
What I am suggesting is that it could be worth considering starting a business specifically with the intention of franchising it in a relatively short time.
The possibilities are endless. I listed in my book nearly 100 types of businesses that are already being franchised, but real entrepreneurs won’t need to read through that list. It might start the thinking process, but you will find many lists of business types on Google.
Walter
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