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100 Steps To Developing Your Franchise

100 steps to develop your franchise

Twenty week

all Inclusive program to develop your Business to Franchising

Please be aware that the functions below are complex and will require the professional help ofthird parties. It is not advisable to develop the entire program in house.

Your Plan: (week one)

1. Study this action plan

2. Send memo to all your staff announcing your plans to franchise the business.3. Arrange for individual & group meetings to explain about your plans

4. Use inter-office signs to promote franchising inside your company

5. Identify your franchise support team from within your organization

6. Develop your franchise manager job description7. Appoint your franchise manager

8. Plan your company organizational structure upon completion of the franchise system

Your financial study: (week two & three)

9. Identify the business mode(s) of your concept10.Calculate the level of investment required to establish each of them

11.Determine your initial support element to each of franchisees including training,

marketing, launch support, information technology, chain supply, transfer of systems,

designs, layouts, software and others.12.Calculate the cost of the above support elements and add you profit margin

13.Decide on your franchise fee for a franchised unit

14.Determine the on-going support elements including on-going training, research &

development, periodical meetings, periodical visits, mystery shopper program andmotivational programs

15.Calculate the cost of the above support elements and add you profit margin

16.Decide on your royalty17.Check if any other fees or levies which can be added to your set of franchise fees

18.Plan your proprietary/ branded products

19.Identify the cost of the line of products which you are going to source directly tofranchisees and add your profit margin to it.

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20.Develop the franchised unit "threeyear" profit & loss statement.

21.Develop you own profit & loss statement as the franchisor

22.Develop your financials analysis into a business plan

Your Franchise Proposal: (week four & five)

23.Develop the outline for your franchise proposal

24.Develop your power point presentation on your franchise opportunity

25.Develop your franchise application26.Plan an e-mailable brochure & presentation

27.Include your franchise information on your website

28.Develop a cover letter to go with the franchise prospectus

29.Develop the franchise prospectus and its inserts

The Rights: (week six week eight)

30.Develop your chart of corporate image and work to have plans to strengthen its elements

31.Study and develop your location dcor packages

32.Develop sample charts for all material used in the fitting out the location33.Produce your corporate identity manual

34.Identify the elements of Intellectual Property Rights in your business.

35.Plan your Intellectual Property Rights reiteration over a period of time and commence

implementing your plan immediately

Legal: (week sixweek eight)

Please note that in addition to the legal documents below there may be more documents to

developed with the help of professional e.g., "Uniformed Franchise Offering Circular" in the

Unites States of America

36.Identify the franchise owner company which will operate your franchise business

37.Develop employee contract

38.

Develop the letter of intent with potential franchisees39.

Develop the franchise contract

40.Develop necessary appendixes which will go with the agreement such as product list,

supply agreement, IPR guide and standard rent agreement

Systems: (week sixweek sixteen)

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41.Identify the bulk of the system development and allocate time bonded tasks (below) to

your franchise support team

42.Develop your operating manual page design & layout43.Develop your operating manual contents

44.Develop your operating manual cover page design

45.

Develop your policies s& procedures with relation to your business concept, yourfranchise obligations, the franchisee obligations, unit/area opening, opening & closingprocedures, recruitment procedures, corporate identity, accounting system, point of sale,

pricing structures, ordering procedures, receiving procedures, storing procedures, product

display, sales & cash system, customer service, cleanliness, maintenance, security, theenvironment, time management, financial dexterity and reporting system

46.Develop unit organizational chart

47.Develop job description format

48.Develop job description for all staff49.Develop recruitment procedures

50.Develop candidate evaluation format

51.

Identify required documents for appointment of staff52.

Develop welcome booklet

53.Develop candidates job application format

54.Develop site selection criteria

55.Develop site development progress plan56.Develop F.F & E list & specification

57.Develop store design

58.Develop suppliers list59.Develop product list

60.Develop product receiving checklist

61.Develop product display map

62.Develop maintenance procedures, schedules & formats63.

Develop cleaning schedule

64.Agree your accounting system with your accountant and plan your new chart of

accounting & profit centers with the franchise scenario in mind65.Develop accounting & cash handling formats

66.Develop communication & control systems

67.Develop franchisee evaluation program68.Develop mystery shopper program

69.Develop monitoring & evaluation systems

70.Develop franchisee motivation program

71.Develop your training manual72.Develop your training program

Marketing: (week sixweek ten)

73.Develop your news book

74.Develop your credentials book

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75.Develop your achievement book

76.Develop franchise expansion strategy & promotion

77.Plan your merchandising & memorabilia78.Develop franchisee interview system

79.Develop your store launch program

80.

Develop your local store marketing plan81.Develop your annual national/regional/international marketing plan82.Develop your franchise marketing plan

83.Develop your advertising tools

84.Develop your marketing manual

Packaging Your Ongoing Support to Franchisees: (week six week ten)

85.Develop your branded product supply & logistical system

86.

Plan your periodical visits to franchised units87.Plan periodical meetings with the franchisees

88.Develop your news letter89.Develop your research & development system

90.Develop internal auditing system

91.Develop your franchise internet application

Franchise Program Launch: (week sixteenweek twenty)

92.

Develop franchisee selection criteria93.Develop potential franchisees database

94.Develop franchise launch plan95.Develop annual franchise marketing plan & budget

96.Begin franchise executives recruitment

97.Develop your franchise exhibitions material

98.Develop your presentation to financing and funding firms99.Subscribe to your franchise associations membership

100. Launch a press conference