Mainland

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

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

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