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Expanding your business through franchising may be your dream, but getting there requires extensive planning, resources and adaptability.Mainland* CEO Nick Powills and franchise lawyer Charles N. Internicola discuss common franchising mistakes and five areas of opportunity for early-stage franchises to consider:<ol><li>Trust, but verify. When discussing with consultants, ask for references and evidence to support their claims.</li><li>Have a five-year business plan.&nbsp;Don’t just rely on brokers or luck.</li><li>Come to the table properly capitalized.&nbsp;Plan to have half a million dollars to start franchising your business.</li><li>Show that you have a culture that will drive margin for your franchisees. Invest in providing a culture of support.</li><li>Have a business model that works.&nbsp;Growth isn’t possible if the business doesn’t bring in revenue.</li></ol>Watch this episode of <a href="https://www.youtube.com/watch?v=2ba7147EQK8&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franx-mistakes-to-avoid-when-franchising-your-business-2719445" target="_blank" rel="nofollow">FranX</a> to learn more.&nbsp;Create your free FranX profile&nbsp;<a href="https://franxlaunch.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franx-mistakes-to-avoid-when-franchising-your-business-2719445" target="_blank" rel="nofollow">here</a>.Subscribe to the FranX&nbsp;<a href="https://www.youtube.com/channel/UC9JuzJQGcBr5cw26trxM7BA?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franx-mistakes-to-avoid-when-franchising-your-business-2719445" target="_blank" rel="nofollow">YouTube channel</a>.Join the&nbsp;<a href="https://www.youtube.com/redirect?event=video_description&amp%3Bredir_token=QUFFLUhqa0haMzdGYkhSRjBfNnlDUnpTOHVUMTdWM1kyd3xBQ3Jtc0ttRnFXb013VzFRcjVnS3ZjRDFLVW56NFZBU1dGd3dHeF94ZERUQWViNWlweHdKTUtRZnpxczNyYUt3YnFLeDV2U0VvdUl5RXVUeTF4V0sxanc2QzdCQmEwQk91TlRkWTVrUUtlLXNQTl9icW1NcHN3MA&amp%3Bq=https%3A%2F%2Fwww.facebook.com%2Fgroups%2F1464519290241259&amp%3Bv=2ba7147EQK8&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franx-mistakes-to-avoid-when-franchising-your-business-2719445" target="_blank" rel="nofollow">Franchise Growth Mastermind community</a>.

FranX | Mistakes To Avoid When Franchising Your Business

1851 Franchise

https://www.youtube.com/embed/2ba7147EQK8

Learn to create a viable business and find franchising success in this episode of FranX.

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FranX | Mistakes To Avoid When Franchising Your Business

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