Franchising is a great option for people who want to own their own business without having to start from scratch. There's no need to recreate the wheel, as a proven business model is provided by the franchisor. Besides the advantage of launching with a well defined operating system, franchisees receive comprehensive initial training, as well as ongoing support for the life of their franchise agreement. In effect, you're in business for yourself without being by yourself.
With literally thousands of franchise opportunities available, the task of finding the right one can be overwhelming. BTS Franchise Consulting will take the time to learn about your background and objectives in order to match you with appropriate business models and franchise systems that align with your personal, professional and financial goals. We'll then coach you through the franchise investigation process as you conduct due diligence.
You incur no cost or obligation to work with BTS Franchise Consulting. Our services are completely complimentary and you will pay the same franchise fee whether you work with us or investigate on your own.
We are compensated by franchisors who respect the process we follow and recognize the quality and fit of individuals we refer as prospective franchisees.
Franchising had another great year in 2023, and the forecast for 2024 continues to look strong. Franchises' GDP will continue to grow, increasing at a pace of 4.3% to $545.8 billion. In 2024, the total output of franchised businesses is projected to increase by 4.1% to $893.9 billion and the overall number of franchise establishments will increase by more than 15,000 to 821,000 units in the U.S. (Source: 2024 Franchising Economic Outlook released by the International Franchise Association in partnership with FRANdata.)
One of the most significant benefits of franchising is the reduced level of risk. This comes from the franchise system's proven method of doing business. The franchisor is there to provide support with different functional areas of the business.
They have experienced potential issues that are likely to come up and know how to deal with these situations effectively. They provide extensive initial training and support so their franchisees are well prepared to launch and build their business.
Our first objective is to understand who you are (e.g. your work experience, skills set, financial situation, stage of life and your overall objectives for owning a business).
After a series of conversations, we'll introduce you to a select group of franchise systems that are a good fit based upon the input you've provided. You'll then review the Franchise Disclosure Document and speak to franchisees within each franchise system. We'll stay with you throughout the process to guide, clarify and assist as you conduct your comprehensive due diligence.
The process
We know you've got questions about franchising, both general and specific. BTS Franchise Consulting is ready to help you identify and evaluate franchise opportunities that are best suited for what you're specifically looking for in a business model and in a franchise system.
Contact usGet a complimentary Business Profile Assessment to see which entrepreneurial traits you possess.
