How to Franchise Your Business [7 Steps]

If you are considering franchising your business, here are the steps to take and how to do it. In this video franchise lawyer, Charles N. Internicola, Esq. goes into the steps to franchising a business and explains the basics of what you need to know. TOPICS: 00:00 How to Franchise a Business Intro 01:09 The Basics: What is Franchising? 02:53 The Economics 03:27 Advantages of Franchising Compared to Organic Growth 6:01 How Long it Will Take to Franchise Your Business 7:15 What Does Winning Look Like? The Steps to Franchising a Business: 10:39 Step 1: Creating The Franchise Disclosure Document (FDD) 12:02 Federal Franchise Laws and State Franchise Laws 14:38 List of 23 FDD Items 16:27 Item 1: The Franchisor and any Parents, Predecessors and Affiliates 16:46 Item 2: Business Experience 17:10 Item 3: Litigation 17:20 Item 4: Bankruptcy 17:50 Item 5: Initial Fees 18:43 Item 6: Other Fees 20:37 Item 7: Estimated Initial Investment 21:13 Item 8: Restrictions on Sources of Products and Services 22:08 Item 9: Franchisee's Obligations 22:27 Item 10: Financing 22:32 Item 11: Assistance, Advertising, Computer Systems, and Training 23:24 Item 12: Territory 23:58 Item 13: Trademarks 24:26 Item 14: Patents, Copyrights and Proprietary Information 24:36 Item 15: Obligation to Participate in the Actual Operation of the Franchise Business 24:58 Item 16: Restrictions on What the Franchisee May Sell 25:14 Item 17: Renewal, Termination, Transfer, and Dispute Resolution 25:50 Item 18: Public Figures 25:55 Item 19: Financial Performance Representations 28:15 Item 20: Outlets and Franchisee Information 28:29 Item 21: Financial Statements 29:17 Item 22: Contracts 29:54 Item 23: Receipts 31:54 Step 2: Creating Your Operations Manual 35:30 Step 3: Registering Your Trademarks 37:20 Step 4: Establishing a New Franchising Company 39:02 Step 5: Registering Your FDD in Franchise Registration States 41:23 Step 6: Creating a Sales Strategy 45:50 Step 7: Setting a Realistic Plan and Budget READ THE ULTIMATE GUIDE TO FRANCHISING YOUR BUSINESS: https://www.franchiselawsolutions.com... To learn more about how to franchise a business, call us at (800) 976-4904 to discuss if franchising is right for you. #Franchiseabusiness #howtofranchise SUBSCRIBE to our Channel:    / @entrepreneurskickass   JOIN Franchise Growth Mastermind Community:   / 1464519290241259   LIKE us on Facebook:   / entrepreneurskickass   FOLLOW us on Instagram:   / entrepreneurskickass