Benjamin & Benjamin Insurance Group is a boutique business insurance broking specialist. We focus on business with turnover between $1 million to $100 million across all industries, and individuals with personal assets of more than $3 million.
DC Strategy News Room
grow your business (5)
Is your business in the position to franchise? If you have a business that has a unique selling point, is easily replicable, has been running for more than a few years, is profitable and you have a desire to grow, then it might be time to consider franchising. Before you start the franchise process you will need to establish a structure that can be readily employed by franchisees, this means there needs to be systems across all of your business streams that are documented, tested and replicable.
Has your business reached a critical point of growth with strong sales in your local market, a database of loyal customers and a desire to establish a regional or national presence? If this is the case, franchising is often an appealing model. With investments from franchisees, your business, brand and operations can quickly extend beyond the current base before the competition has a chance to get a foothold.
A brand new The Little Cha bubble tea franchise store has officially opened in Melbourne!
We’ve worked with many entrepreneurs and business owners, and if there is anything they have in common, it’s that they are ambitious and focused on the big picture. That’s why many business owners look to franchise their business when they have reached a certain level of success. Franchising is the logical next step when your business has a proven concept, is profitable and operations are established and functional.