Getting Started
Get Started With Franchise
Guide to Franchise Ownership
How To Franchise A Business
Deciding to take control of your future an become a franchise business owner can be extremely rewarding. However, with over 4,000 franchise business models to pick from, how do you find the right one for you and your goals?
This is how FranNet of Minnesota plays a pivotal role in setting our clients up for success. We work with you on a personal level to understand your goals and identify the best possible franchise opportunities for you.
STEP 1: DETERMINE IF FRANCHISE OWNERSHIP IS A GOOD FIT
It starts with a conversation. One of our team members will contact you for a brief introductory conversation, we want to learn a little bit about your current situation and what information you are seeking at this time. From that point, we will walk you through crucial steps using a proven model that makes the sometimes difficult path to franchise ownership, simple and clear. We may suggest attending one of our educational events
or to listen to our Rise UP Wise Podcast.
Once you've decided franchise ownership may be the right path, it's time to complete a Personal Franchise Assessment
and set up an initial in person meeting with one of our franchise consultants.
STEP 2: BUILDING YOUR FRANCHISE SEARCH PLAN
Taking the first step and making a decision to go into business for yourself doesn't just happen. It takes commitment and patience. That's why every client of ours will meet with us face to face to go through a personal assessment and discuss your individual goals.
The franchise search model we create through this process will be custom tailored to your unique vision and will help you clearly define what the best franchise opportunities look like. Our franchise consultants will discuss every aspect of ownership with you, from your ideal role in the business to personal financial goals, to family life and time commitments. Once we establish your individual model, the search for the right franchise opportunity can begin.
STEP 3: SELECTING THE BEST FRANCHISE OPPORTUNITIES
During the next phase, we'll work with you to select the best franchise opportunities that fit your profile from our search plan and present you with those options. Since 2015, our Minneapolis based franchise consulting team has advised hundreds of aspiring entrepreneurs and hundreds of franchise brands across a wide spectrum of industries. We leverage our resources to find winning franchise opportunities ensuring you select a franchise business with a successful model that's the best possible fit for you.
At FranNet of Minnesota, our finger is always on the pulse of the local franchise opportunity landscape. We help you learn about compelling opportunities before the general public does and what's most exciting is many of our clients are surprised and delighted by the number of different options that prove to be a great fit. In some cases, we also help identify existing businesses for sale.
STEP 4: RESEARCHING YOUR FRANCHISE OPPORTUNITY
If our franchise consultants help you say yes to a franchise opportunity, we want to ensure you are moving forward with eyes wide open. We will help you complete a thorough research and due diligence analysis on the franchise opportunity you identify. We provide tools, resources, action plans, and know the right questions to ask as you begin this part of the process.
We also help almost all our clients with referrals for other necessary services such as franchise attorneys, accountants, lending partners and insurance brokers, all of which, are experienced in working with franchise owners and understand the process. At FranNet of Minnesota, we have an extensive network of top professionals and make these critical connections as part of our service to you.
STEP 5: LAUNCHING YOUR FRANCHISE
At FranNet of Minnesota, we build lasting relationships with our clients. After launching your new franchise business, we want you to succeed and because of this, stick with you as a trusted adviser. At the end of the day, our success is your success. Being able to provide your business with value increases our experience and ability to help future franchise owners as more and more entrepreneurs consider working with franchise consultants to take control of their future.
From your first visit to our website, to the day you launch your first franchise location, FranNet of Minnesota will be there every step of the way to help ensure your success.
Ready to begin exploring your options?
Contact us to take your Personal Franchise Assessment
