Franchising is alive and well | With the advent of COVID 19 one of the areas expected to be hit hard in the business world was franchising-however despite the pandemic Franchising is alive and well in virtually all global areas.
Franchising has for a long time been associated with the fast-food industry-that association while still strong is no longer the dominant association that it was many years ago.
Today we see a plethora of businesses that have found the franchise format a great way to expand and grow beyond a one location operation. With that expansion, not just on a domestic level but on a global approach has come the need for more franchisees.
The good news is that it seems there is an enormous pipeline of would-be entrepreneurs and business owners many of whom turn to franchising as a speed entry into a proven business concept. Notwithstanding that there is this great pipeline of candidates there continues to be a need for serious due diligence before you sign a franchise agreement.
In many of our publications, we talk about the absolute need for planning and due diligence at the outset of a business venture and for ongoing monitoring of that business plan as the venture takes flight. Many people have often felt that such planning and due diligence are not necessary when pursuing a franchise opportunity as would-be franchisees often mistakenly think that the franchisor has taken care of the plan on their behalf.
It is true that one of the attractions of a franchise is the fact that someone has walked the path before and smoothed out the way for franchisees – however that is only part of the picture and entrepreneurs need to be active in their review work before signing that all important franchise agreement. A franchisor cannot make business decisions on your behalf, especially when they may well influence your future years in business.

To smooth the way ever further the Andrew Stain Group has now produced an essential guide to the steps you need to consider and the questions to ask. Be sure to get a copy now as you take your first steps towards successful franchise ownership.