Here at the Franchise GrowthLab, we do a lot of work with franchise start-ups. By far, the # 1 question we get from franchise founders is how much does it cost to franchise my business? If you do a search, the answer ranges from between $10k to $500k. So, I thought it was time […]
Everything (other than franchise sales) abut scaling up.
One day I was doing my rounds in the U.S., trying to determine the best way of our expansion across the border and into the American market. I met up with a Venture Capital contact of mine. As I walked through our business model, he asked me one question: what was the payback period on
At the FranchiseLab, we do quite a bit of work in the franchise start-up space, and because we have launched so many systems (of our own and for our clients), we have developed a methodical process to help new franchisors build and launch a new franchise business successfully. When a brand decides to build
When we launched our franchise consulting company, we knew that emerging franchise brands struggle with growth. The statistics don’t lie. As we dug into a number of emerging brands, it became apparent to us why many brands fail to grow: they don’t know, and therefore don’t have, the proper systems required to scale their business. Think
Ha! I get asked the question “why did I start a franchise consulting company?” all of the time. When I sold my stake in our company, I didn’t have my next step planned out. I knew that I wanted a break, but I also knew that my mind can only sit idle for so long.